First National Trust Co. decreased its holdings in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,117 shares of the financial services provider’s stock after selling 1,744 shares during the quarter. First National Trust Co.’s holdings in PNC Financial Services Group, Inc. (The) were worth $4,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. increased its stake in PNC Financial Services Group, Inc. (The) by 202.0% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 226,749 shares of the financial services provider’s stock valued at $30,559,000 after buying an additional 151,665 shares during the last quarter. Providence First Trust Co purchased a new stake in PNC Financial Services Group, Inc. (The) in the 3rd quarter valued at about $212,000. Toronto Dominion Bank increased its stake in PNC Financial Services Group, Inc. (The) by 10.6% in the 3rd quarter. Toronto Dominion Bank now owns 186,350 shares of the financial services provider’s stock valued at $25,113,000 after buying an additional 17,892 shares during the last quarter. CIBC Asset Management Inc increased its stake in PNC Financial Services Group, Inc. (The) by 5.6% in the 3rd quarter. CIBC Asset Management Inc now owns 66,759 shares of the financial services provider’s stock valued at $8,997,000 after buying an additional 3,545 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its stake in PNC Financial Services Group, Inc. (The) by 54.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 5,210 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,840 shares during the last quarter. 81.19% of the stock is currently owned by institutional investors and hedge funds.

PNC Financial Services Group, Inc. (NYSE PNC) traded down $0.07 on Monday, reaching $132.48. 1,925,400 shares of the company traded hands, compared to its average volume of 2,233,387. The company has a market cap of $62,820.00, a P/E ratio of 16.18, a PEG ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a 52 week low of $104.78 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.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly 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. 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 period last year, the firm earned $1.84 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts anticipate that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.54%.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,640 shares of company stock valued at $1,729,952. Insiders own 0.43% of the company’s stock.

Several equities research analysts have commented on PNC shares. Credit Suisse Group reiterated a “neutral” rating and issued a $126.00 price objective (up previously from $114.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, July 17th. Rafferty Capital Markets upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Monday, July 17th. Nomura increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $126.00 to $129.00 and gave the company a “neutral” rating in a research note on Monday, July 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $127.00 price objective (up previously from $121.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $142.00 price objective for the company in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $133.99.

WARNING: “First National Trust Co. Sells 1,744 Shares of PNC Financial Services Group, Inc. (The) (PNC)” was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.watchlistnews.com/first-national-trust-co-sells-1744-shares-of-pnc-financial-services-group-inc-the-pnc/1700648.html.

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.

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group, Inc. (The) (NYSE:PNC).

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

Receive News & Ratings for PNC Financial Services Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.