Steward Partners Investment Advisory LLC purchased a new position in shares of PNC Financial Services Group Inc (NYSE:PNC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,745 shares of the financial services provider’s stock, valued at approximately $504,000.

A number of other large investors have also recently bought and sold shares of PNC. Creative Planning lifted its holdings in PNC Financial Services Group by 0.8% during the 2nd quarter. Creative Planning now owns 22,615 shares of the financial services provider’s stock worth $2,824,000 after buying an additional 180 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in PNC Financial Services Group by 50.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,375 shares of the financial services provider’s stock worth $920,000 after buying an additional 2,470 shares in the last quarter. National Pension Service lifted its holdings in PNC Financial Services Group by 10.9% during the 2nd quarter. National Pension Service now owns 395,336 shares of the financial services provider’s stock worth $49,516,000 after buying an additional 38,944 shares in the last quarter. Baldwin Brothers Inc. MA lifted its holdings in PNC Financial Services Group by 7.0% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 37,548 shares of the financial services provider’s stock worth $4,689,000 after buying an additional 2,450 shares in the last quarter. Finally, Chesley Taft & Associates LLC lifted its holdings in PNC Financial Services Group by 663.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 66,960 shares of the financial services provider’s stock worth $8,361,000 after buying an additional 58,185 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

PNC has been the topic of several research reports. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group in a report on Monday, August 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a report on Sunday, August 27th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Tuesday, September 5th. Deutsche Bank reaffirmed a “hold” rating and set a $136.00 price objective (up previously from $130.00) on shares of PNC Financial Services Group in a report on Tuesday, September 26th. Finally, Nomura increased their price target on PNC Financial Services Group from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, September 28th. Sixteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $136.13.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the sale, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold a total of 88,947 shares of company stock worth $12,543,665 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

PNC Financial Services Group Inc (NYSE:PNC) opened at $144.95 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $68,967.35, a price-to-earnings ratio of 17.70, a PEG ratio of 1.93 and a beta of 0.90. PNC Financial Services Group Inc has a 12 month low of $113.66 and a 12 month high of $146.24.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. sell-side analysts forecast that PNC Financial Services Group Inc will post 8.44 earnings per share for the current year.

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PNC Financial Services Group Company 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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