Flinton Capital Management LLC cut its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,200 shares of the financial services provider’s stock after selling 2,224 shares during the period. Flinton Capital Management LLC’s holdings in PNC Financial Services Group were worth $2,594,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PNC. Schroder Investment Management Group lifted its position in PNC Financial Services Group by 1,052.5% in the 1st quarter. Schroder Investment Management Group now owns 1,283,845 shares of the financial services provider’s stock valued at $194,169,000 after purchasing an additional 1,172,445 shares during the last quarter. Janus Henderson Group PLC lifted its position in PNC Financial Services Group by 37.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,603,307 shares of the financial services provider’s stock valued at $216,609,000 after purchasing an additional 437,808 shares during the last quarter. Jennison Associates LLC lifted its position in PNC Financial Services Group by 5.7% in the 2nd quarter. Jennison Associates LLC now owns 6,520,884 shares of the financial services provider’s stock valued at $880,971,000 after purchasing an additional 353,976 shares during the last quarter. Summit Trail Advisors LLC lifted its position in PNC Financial Services Group by 10,726.8% in the 1st quarter. Summit Trail Advisors LLC now owns 335,847 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 332,745 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of PNC Financial Services Group by 1.1% during the 1st quarter. BlackRock Inc. now owns 28,481,880 shares of the financial services provider’s stock worth $4,307,600,000 after buying an additional 300,016 shares in the last quarter. 79.93% of the stock is owned by institutional investors and hedge funds.

In other PNC Financial Services Group news, insider Michael P. Lyons sold 14,000 shares of the business’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $140.87, for a total transaction of $1,972,180.00. Following the sale, the insider now directly owns 124,841 shares in the company, valued at approximately $17,586,351.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Wyk Steven C. Van sold 15,000 shares of the business’s stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $141.09, for a total transaction of $2,116,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,247 shares of company stock worth $4,830,351 over the last 90 days. 0.38% of the stock is owned by insiders.

PNC stock opened at $142.96 on Friday. PNC Financial Services Group Inc has a 52 week low of $120.39 and a 52 week high of $163.59. The stock has a market cap of $66.49 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.90 and a current ratio of 0.91.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.14. PNC Financial Services Group had a net margin of 30.40% and a return on equity of 10.33%. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.23 billion. research analysts expect that PNC Financial Services Group Inc will post 10.72 EPS for the current year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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