Webster Bank N. A. lessened its stake in PNC Financial Services Group Inc (NYSE:PNC) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,652 shares of the financial services provider’s stock after selling 528 shares during the quarter. Webster Bank N. A.’s holdings in PNC Financial Services Group were worth $2,258,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in shares of PNC Financial Services Group by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after buying an additional 4 shares during the last quarter. Green Square Capital LLC boosted its holdings in shares of PNC Financial Services Group by 0.4% in the 2nd quarter. Green Square Capital LLC now owns 4,147 shares of the financial services provider’s stock valued at $518,000 after buying an additional 18 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of PNC Financial Services Group by 2.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock valued at $295,000 after buying an additional 46 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of PNC Financial Services Group by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 13,115 shares of the financial services provider’s stock valued at $1,635,000 after buying an additional 56 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of PNC Financial Services Group by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 24,222 shares of the financial services provider’s stock valued at $3,025,000 after buying an additional 82 shares during the last quarter. 82.06% of the stock is owned by institutional investors.

In other news, insider E William Parsley III sold 46,307 shares of PNC Financial Services Group stock in a transaction on Friday, December 8th. The stock was sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the completion of the sale, the insider now owns 132,544 shares of the company’s stock, valued at $19,010,785.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Hannon sold 8,011 shares of PNC Financial Services Group stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total value of $1,235,296.20. Following the sale, the insider now directly owns 58,820 shares of the company’s stock, valued at approximately $9,070,044. The disclosure for this sale can be found here. Insiders have sold 111,534 shares of company stock valued at $15,952,465 in the last three months. Insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group Inc (NYSE PNC) traded up $0.47 during trading on Tuesday, reaching $155.72. The company’s stock had a trading volume of 1,856,500 shares, compared to its average volume of 2,568,186. PNC Financial Services Group Inc has a fifty-two week low of $115.25 and a fifty-two week high of $156.15. The firm has a market cap of $74,280.00, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the firm earned $1.97 earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. sell-side analysts expect that PNC Financial Services Group Inc will post 10.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio is currently 28.76%.

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Credit Suisse Group increased their price objective on PNC Financial Services Group from $135.00 to $137.00 and gave the company a “neutral” rating in a report on Monday, October 16th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Tuesday, October 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $134.00 price objective on shares of PNC Financial Services Group in a report on Wednesday, October 4th. Finally, Instinet reaffirmed a “neutral” rating and set a $132.00 price target (up previously from $129.00) on shares of PNC Financial Services Group in a report on Saturday, September 30th. Eighteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $144.02.

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PNC Financial Services Group Profile

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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