Alliance Wealth Management Group acquired a new stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,956 shares of the financial services provider’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after buying an additional 710 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in PNC Financial Services Group, Inc. (The) by 12.5% in the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 91 shares during the last quarter. First Interstate Bank boosted its holdings in PNC Financial Services Group, Inc. (The) by 2.6% in the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 25 shares during the last quarter. Atlantic Trust LLC purchased a new stake in PNC Financial Services Group, Inc. (The) in the second quarter valued at $129,000. Finally, Legacy Advisors LLC purchased a new stake in PNC Financial Services Group, Inc. (The) in the third quarter valued at $136,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

PNC has been the topic of several recent research reports. Wells Fargo & Company set a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a report on Thursday, October 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $134.00 price target on shares of PNC Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $144.00 price target (up from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 9th. Stephens lowered shares of PNC Financial Services Group, Inc. (The) from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $139.50 price target (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, October 6th. Sixteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) presently has a consensus rating of “Hold” and a consensus target price of $135.93.

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In related news, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the sale, the insider now directly owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,640 shares of company stock valued at $1,729,952. Insiders own 0.43% of the company’s stock.

PNC Financial Services Group, Inc. (NYSE:PNC) traded down $0.07 on Thursday, hitting $133.04. 942,500 shares of the company traded hands, compared to its average volume of 2,208,956. PNC Financial Services Group, Inc. has a 52-week low of $109.16 and a 52-week high of $139.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $63,333.88, a P/E ratio of 16.25, a PEG ratio of 1.78 and a beta of 0.91.

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

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.25%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 36.63%.

About PNC Financial Services Group, Inc. (The)

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, Inc. (The) (NYSE:PNC)

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