Boston Financial Mangement LLC lowered its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 34.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,275 shares of the financial services provider’s stock after selling 6,975 shares during the period. Boston Financial Mangement LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its position 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 acquiring an additional 710 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of PNC Financial Services Group, Inc. (The) by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 91 shares during the period. First Interstate Bank grew its position in shares of PNC Financial Services Group, Inc. (The) by 34.0% during the 1st quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 243 shares during the period. Atlantic Trust LLC bought a new stake in shares of PNC Financial Services Group, Inc. (The) during the 2nd quarter valued at $129,000. Finally, Ledyard National Bank grew its position in shares of PNC Financial Services Group, Inc. (The) by 6.3% during the 2nd quarter. Ledyard National Bank now owns 1,257 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 75 shares during the period. 80.79% of the stock is owned by institutional investors.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings data 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. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.17%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is presently 36.63%.

Several analysts have commented on the stock. Zacks Investment Research cut shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. UBS AG upped their price target on shares of PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 16th. 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. Royal Bank Of Canada upped their price target on shares of PNC Financial Services Group, Inc. (The) from $130.00 to $145.00 and gave the company a “top pick” rating in a report on Monday, October 16th. Finally, BidaskClub downgraded shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $133.99.

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In other news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 19th. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the sale, the insider now 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. 0.43% of the stock is currently owned by insiders.

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.

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

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