Seaward Management Limited Partnership held its position in PNC Financial Services Group Inc. (NYSE:PNC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,340 shares of the company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in PNC Financial Services Group were worth $6,294,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PNC. Bank of Montreal Can acquired a new position in PNC Financial Services Group during the second quarter valued at $78,133,000. Renaissance Technologies LLC acquired a new position in PNC Financial Services Group during the first quarter valued at $67,512,000. Prudential Financial Inc. raised its position in PNC Financial Services Group by 43.2% in the first quarter. Prudential Financial Inc. now owns 2,244,135 shares of the company’s stock valued at $189,787,000 after buying an additional 676,680 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in PNC Financial Services Group during the first quarter valued at $54,927,000. Finally, Canada Pension Plan Investment Board raised its position in PNC Financial Services Group by 37.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,053,098 shares of the company’s stock valued at $173,630,000 after buying an additional 563,888 shares during the last quarter. Institutional investors and hedge funds own 80.21% of the company’s stock.

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.42% during mid-day trading on Wednesday, hitting $90.74. 1,889,307 shares of the stock were exchanged. The firm has a market cap of $44.59 billion, a price-to-earnings ratio of 12.52 and a beta of 0.88. The company’s 50-day moving average is $87.69 and its 200-day moving average is $85.67. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $97.50.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, July 15th. The company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.07. The company earned $3.79 billion during the quarter. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. PNC Financial Services Group’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.88 earnings per share. Equities research analysts anticipate that PNC Financial Services Group Inc. will post $7.10 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on PNC shares. Bank of America Corp. set a $100.00 target price on shares of PNC Financial Services Group and gave the company a “buy” rating in a report on Wednesday, September 7th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $96.00 target price on shares of PNC Financial Services Group in a report on Wednesday, August 31st. Nomura upgraded shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $95.00 to $84.00 in a report on Thursday, July 7th. Barclays PLC reiterated an “equal weight” rating and issued a $100.00 price objective on shares of PNC Financial Services Group in a report on Sunday, July 10th. Finally, Vetr lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $96.50.

In other PNC Financial Services Group news, Director Daniel Hesse acquired 500 shares of PNC Financial Services Group stock in a transaction dated Thursday, July 21st. The stock was bought at an average cost of $82.44 per share, with a total value of $41,220.00. Following the acquisition, the director now owns 1,100 shares of the company’s stock, valued at $90,684. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael J. Hannon sold 33,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $86.49, for a total transaction of $2,854,170.00. Following the transaction, the insider now directly owns 87,573 shares of the company’s stock, valued at $7,574,188.77. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

PNC Financial Services Group 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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