Koshinski Asset Management Inc. purchased a new position in PNC Financial Services Group Inc (NYSE:PNC) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,912 shares of the financial services provider’s stock, valued at approximately $276,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake 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 worth $4,065,151,000 after purchasing an additional 589,235 shares in the last quarter. BlackRock Inc. grew its stake 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 worth $3,430,820,000 after purchasing an additional 341,222 shares in the last quarter. FMR LLC grew its stake 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 worth $1,957,539,000 after purchasing an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 worth $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. Finally, Capital World Investors grew its stake 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 worth $1,262,761,000 after purchasing an additional 654,997 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

In related news, 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 $2,801,104.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider E William Parsley III sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,534 shares of company stock worth $15,952,465. 0.43% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on PNC shares. Wells Fargo & Co set a $135.00 price target on PNC Financial Services Group and gave the stock a “hold” rating in a research note on Thursday, October 19th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $162.00 target price on shares of PNC Financial Services Group in a research note on Friday, December 22nd. Citigroup restated a “neutral” rating and issued a $144.00 target price (up from $125.00) on shares of PNC Financial Services Group in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 target price for the company in a research note on Tuesday, December 26th. Eighteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. PNC Financial Services Group has a consensus rating of “Hold” and an average target price of $144.02.

Shares of PNC Financial Services Group Inc (NYSE PNC) opened at $155.25 on Friday. The firm has a market capitalization of $73,870.00, a P/E ratio of 14.88, a PEG ratio of 1.47 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. PNC Financial Services Group Inc has a twelve month low of $115.25 and a twelve month high of $156.15.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The firm had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the company earned $1.97 earnings per share. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group Inc will post 10.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 annualized dividend and a yield of 1.93%. PNC Financial Services Group’s payout ratio is 28.76%.

TRADEMARK VIOLATION NOTICE: This article was first posted by Watch List News and is the property of of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.watchlistnews.com/koshinski-asset-management-inc-invests-276000-in-pnc-financial-services-group-inc-pnc-stock/1816654.html.

About PNC Financial Services Group

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 (NYSE:PNC).

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

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