Asset Management One Co. Ltd. boosted its stake in PNC Financial Services Group Inc (NYSE:PNC) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 799,553 shares of the financial services provider’s stock after purchasing an additional 26,504 shares during the period. Asset Management One Co. Ltd. owned about 0.17% of PNC Financial Services Group worth $107,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in PNC Financial Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock valued at $4,065,151,000 after purchasing an additional 589,235 shares during the period. BlackRock Inc. increased its holdings in PNC Financial Services Group by 1.3% in the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after purchasing an additional 341,222 shares during the period. FMR LLC increased its holdings in PNC Financial Services Group by 13.9% in the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after purchasing an additional 1,915,923 shares during the period. JPMorgan Chase & Co. increased its holdings in PNC Financial Services Group by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after purchasing an additional 875,164 shares during the period. Finally, Capital World Investors increased its holdings in PNC Financial Services Group by 6.9% in the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after purchasing an additional 654,997 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Shares of PNC Financial Services Group Inc (NYSE PNC) traded down $1.41 on Wednesday, hitting $142.43. The stock had a trading volume of 1,604,300 shares, compared to its average volume of 2,199,879. 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 $68,439.23, a P/E ratio of 17.56, a PEG ratio of 1.92 and a beta of 0.90. PNC Financial Services Group Inc has a 12 month low of $110.84 and a 12 month high of $145.66.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The company had revenue of $4.13 billion during 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.84 EPS. equities research analysts predict that PNC Financial Services Group Inc will post 8.44 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. Nomura increased their price objective on PNC Financial Services Group from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Robert W. Baird reiterated a “buy” rating and set a $135.00 price target on shares of PNC Financial Services Group in a report on Sunday, October 1st. Jefferies Group reiterated a “hold” rating and set a $136.00 price target on shares of PNC Financial Services Group in a report on Friday, August 11th. Piper Jaffray Companies increased their price target on PNC Financial Services Group from $134.00 to $147.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Sixteen 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 presently has an average rating of “Hold” and an average price target of $136.13.

In other news, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the sale, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,640 shares of company stock valued at $5,901,852. 0.43% of the stock is currently owned by company insiders.

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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.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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