Carret Asset Management LLC reduced its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 1.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 38,107 shares of the financial services provider’s stock after selling 448 shares during the period. Carret Asset Management LLC’s holdings in PNC Financial Services Group were worth $5,136,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Honeywell International Inc. increased its holdings in PNC Financial Services Group by 0.3% during the 2nd quarter. Honeywell International Inc. now owns 156,400 shares of the financial services provider’s stock worth $19,530,000 after purchasing an additional 400 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its holdings in PNC Financial Services Group by 217.5% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 184,620 shares of the financial services provider’s stock worth $24,901,000 after purchasing an additional 126,480 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in PNC Financial Services Group by 20.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 1,235 shares during the period. Daiwa Securities Group Inc. increased its holdings in PNC Financial Services Group by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 500 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in PNC Financial Services Group by 12.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider’s stock worth $77,485,000 after purchasing an additional 70,962 shares during the period. 81.57% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group stock in a transaction on Monday, November 6th. The stock was sold at an average price of $138.85, for a total value of $625,519.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Insiders sold a total of 42,640 shares of company stock worth $5,901,852 over the last quarter. Company insiders own 0.43% of the company’s stock.

PNC has been the topic of several research reports. Wells Fargo & Company set a $135.00 price objective on PNC Financial Services Group and gave the stock a “hold” rating in a report on Thursday, October 19th. Sanford C. Bernstein restated a “market perform” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a report on Tuesday, October 3rd. Citigroup restated a “neutral” rating and set a $144.00 price objective (up from $125.00) on shares of PNC Financial Services Group in a report on Monday, October 9th. Stephens downgraded PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $139.50 price objective (up from $138.50) on shares of PNC Financial Services Group in a report on Friday, October 6th. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $136.13.

Shares of PNC Financial Services Group Inc (PNC) traded up $0.58 during trading hours on Thursday, hitting $143.01. The stock had a trading volume of 1,554,700 shares, compared to its average volume of 2,197,134. PNC Financial Services Group Inc has a twelve month low of $110.97 and a twelve month high of $145.66. The stock has a market cap of $67,768.34, a P/E ratio of 17.39, a PEG ratio of 1.90 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the business posted $1.84 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group Inc will post 8.44 EPS for the current fiscal year.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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