Dimensional Fund Advisors LP increased its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,216,706 shares of the financial services provider’s stock after purchasing an additional 3,103 shares during the period. Dimensional Fund Advisors LP owned 0.68% of PNC Financial Services Group worth $433,508,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PNC. Proficio Capital Partners LLC raised its position in PNC Financial Services Group by 1,365.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after buying an additional 710 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PNC Financial Services Group by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after buying an additional 91 shares during the last quarter. First Interstate Bank raised its position in PNC Financial Services Group by 2.6% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after buying an additional 25 shares during the last quarter. Atlantic Trust LLC purchased a new position in PNC Financial Services Group during the 2nd quarter worth $129,000. Finally, Legacy Advisors LLC purchased a new position in PNC Financial Services Group during the 3rd quarter worth $136,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

PNC Financial Services Group Inc (NYSE:PNC) traded up $0.38 during trading hours on Friday, reaching $143.80. 1,515,661 shares of the company’s stock traded hands, compared to its average volume of 1,641,524. 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 Inc has a 52-week low of $112.61 and a 52-week high of $145.66. The stock has a market cap of $68,239.39, a P/E ratio of 17.51, a P/E/G ratio of 1.91 and a beta of 0.90.

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

In other PNC Financial Services Group news, insider Orlando C. Esposito sold 4,505 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $140.98, for a total transaction of $704,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 42,640 shares of company stock valued at $5,901,852 over the last 90 days. 0.43% of the stock is currently owned by insiders.

A number of equities analysts have commented on PNC shares. Wells Fargo & Company set a $135.00 price objective on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research 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 research report on Tuesday, October 3rd. Citigroup restated a “neutral” rating and set a $144.00 price objective (up previously from $125.00) on shares of PNC Financial Services Group in a research report on Monday, October 9th. Stephens downgraded shares of PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a research 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 previously from $138.50) on shares of PNC Financial Services Group in a research report on Friday, October 6th. Sixteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $136.13.

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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.

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

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