Caxton Associates LP cut its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,000 shares of the financial services provider’s stock after selling 600 shares during the quarter. Caxton Associates LP’s holdings in PNC Financial Services Group were worth $539,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PNC. Proficio Capital Partners LLC raised its position in PNC Financial Services Group by 1,365.4% in the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 710 shares during the last quarter. Tower Research Capital LLC TRC raised its position in PNC Financial Services Group by 12.5% in the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 91 shares during the last quarter. First Interstate Bank raised its position in PNC Financial Services Group by 2.6% in the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 25 shares during the last quarter. Atlantic Trust LLC bought a new position in PNC Financial Services Group in the second quarter valued at about $129,000. Finally, Legacy Advisors LLC bought a new position in PNC Financial Services Group in the third quarter valued at about $136,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the sale, the insider now owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was 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 have sold 88,947 shares of company stock valued at $12,543,665 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

PNC has been the subject of several research reports. Robert W. Baird reiterated a “buy” rating and issued a $135.00 target price on shares of PNC Financial Services Group in a research report on Monday, August 28th. Piper Jaffray Companies reiterated a “buy” rating and issued a $134.00 target price on shares of PNC Financial Services Group in a research report on Sunday, August 27th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday, September 5th. Deutsche Bank reiterated a “hold” rating and issued a $136.00 target price (up from $130.00) on shares of PNC Financial Services Group in a research report on Tuesday, September 26th. Finally, Nomura increased their target price on PNC Financial Services Group from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Sixteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $136.13.

Shares of PNC Financial Services Group Inc (NYSE:PNC) traded up $2.56 on Wednesday, hitting $145.85. The stock had a trading volume of 2,145,100 shares, compared to its average volume of 2,191,382. PNC Financial Services Group Inc has a 52 week low of $112.61 and a 52 week high of $146.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $68,177.53, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping 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 company 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 company earned $1.84 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. research analysts predict 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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