Centaurus Financial Inc. raised its stake in PNC Financial Services Group Inc (NYSE:PNC) by 23.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,645 shares of the financial services provider’s stock after acquiring an additional 895 shares during the quarter. Centaurus Financial Inc.’s holdings in PNC Financial Services Group were worth $628,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Stelac Advisory Services LLC acquired a new position in shares of PNC Financial Services Group during the 1st quarter worth approximately $102,000. Braun Bostich & Associates Inc. acquired a new position in shares of PNC Financial Services Group during the 1st quarter worth approximately $105,000. Landaas & Co. WI ADV acquired a new position in shares of PNC Financial Services Group during the 2nd quarter worth approximately $147,000. Archford Capital Strategies LLC raised its stake in shares of PNC Financial Services Group by 197.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after buying an additional 723 shares during the period. Finally, McKinley Carter Wealth Services Inc. acquired a new position in shares of PNC Financial Services Group during the 1st quarter worth approximately $150,000. 79.86% of the stock is owned by institutional investors.

Shares of PNC stock opened at $140.40 on Monday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market cap of $65.61 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.28 and a beta of 0.90. PNC Financial Services Group Inc has a 1-year low of $126.45 and a 1-year high of $163.59.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, July 13th. The financial services provider reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.14. The business had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.23 billion. PNC Financial Services Group had a return on equity of 10.33% and a net margin of 30.40%. sell-side analysts forecast that PNC Financial Services Group Inc will post 10.72 earnings per share for the current fiscal year.

In other PNC Financial Services Group news, Director Martin Pfinsgraff bought 700 shares of PNC Financial Services Group stock in a transaction dated Wednesday, July 18th. The stock was acquired at an average cost of $142.15 per share, with a total value of $99,505.00. Following the purchase, the director now directly owns 1,050 shares in the company, valued at approximately $149,257.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael P. Lyons sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $140.87, for a total value of $1,972,180.00. Following the transaction, the insider now directly owns 124,841 shares of the company’s stock, valued at $17,586,351.67. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,247 shares of company stock valued at $4,830,351. Corporate insiders own 0.38% of the company’s stock.

PNC Financial Services Group 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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