Isthmus Partners LLC raised its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 60,543 shares of the company’s stock after buying an additional 1,931 shares during the period. Isthmus Partners LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $5,472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in shares of PNC Financial Services Group, Inc. (The) by 22.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,709,313 shares of the company’s stock worth $627,462,000 after buying an additional 1,395,872 shares in the last quarter. Cohen & Steers Inc. boosted its position in PNC Financial Services Group, Inc. (The) by 1,098.6% in the second quarter. Cohen & Steers Inc. now owns 1,371,150 shares of the company’s stock valued at $156,339,000 after buying an additional 1,256,750 shares during the period. Bank of Montreal Can purchased a new position in PNC Financial Services Group, Inc. (The) during the second quarter valued at $78,133,000. American Century Companies Inc. boosted its position in PNC Financial Services Group, Inc. (The) by 15.6% in the second quarter. American Century Companies Inc. now owns 6,655,625 shares of the company’s stock valued at $541,701,000 after buying an additional 897,284 shares during the period. Finally, FMR LLC boosted its position in PNC Financial Services Group, Inc. (The) by 17.0% in the second quarter. FMR LLC now owns 5,565,321 shares of the company’s stock valued at $452,961,000 after buying an additional 807,145 shares during the period. Hedge funds and other institutional investors own 80.73% of the company’s stock.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up 1.548% during midday trading on Friday, hitting $119.755. 1,720,376 shares of the stock were exchanged. The company has a market capitalization of $58.26 billion, a P/E ratio of 16.651 and a beta of 0.89. PNC Financial Services Group, Inc. has a 1-year low of $77.40 and a 1-year high of $121.33. The firm has a 50-day moving average of $115.43 and a 200-day moving average of $95.77.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its earnings results on Friday, January 13th. The company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.12. PNC Financial Services Group, Inc. (The) had a net margin of 23.77% and a return on equity of 9.04%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the business earned $1.87 EPS. The firm’s revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that PNC Financial Services Group, Inc. will post $7.18 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, February 5th. Shareholders of record on Tuesday, January 17th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, January 12th. PNC Financial Services Group, Inc. (The)’s payout ratio is 30.51%.

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Several research firms recently weighed in on PNC. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Tuesday, November 15th. Vetr cut shares of PNC Financial Services Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $95.30 price target on the stock. in a report on Tuesday, November 15th. Barclays PLC boosted their price target on shares of PNC Financial Services Group, Inc. (The) from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 3rd. Deutsche Bank AG boosted their price target on shares of PNC Financial Services Group, Inc. (The) from $99.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, November 30th. Finally, boosted their price target on shares of PNC Financial Services Group, Inc. (The) from $86.00 to $92.00 and gave the stock an “underperform” rating in a report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $100.42.

In other news, insider Robert Q. Reilly sold 22,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $95.49, for a total transaction of $2,100,780.00. Following the sale, the insider now owns 104,803 shares in the company, valued at $10,007,638.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William S. Demchak sold 179,809 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total transaction of $19,349,246.49. Following the sale, the chief executive officer now owns 531,755 shares in the company, valued at approximately $57,222,155.55. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

PNC Financial Services Group, Inc. (The) Company Profile

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

5 Day Chart for NYSE:PNC

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