LaSalle Street Capital Management LLC held its stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,825 shares of the financial services provider’s stock at the end of the second quarter. LaSalle Street Capital Management LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PNC. Proficio Capital Partners LLC grew its position in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% in the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 710 shares during the last quarter. First Interstate Bank grew its position in shares of PNC Financial Services Group, Inc. (The) by 34.0% in the first quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 243 shares during the last quarter. Ledyard National Bank grew its position in shares of PNC Financial Services Group, Inc. (The) by 6.3% in the second quarter. Ledyard National Bank now owns 1,257 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 75 shares during the last quarter. Jacobus Wealth Management Inc. grew its position in shares of PNC Financial Services Group, Inc. (The) by 3.7% in the first quarter. Jacobus Wealth Management Inc. now owns 1,494 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 53 shares during the last quarter. Finally, Doyle Wealth Management acquired a new position in shares of PNC Financial Services Group, Inc. (The) in the second quarter valued at approximately $203,000. 80.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) opened at 134.77 on Friday. The firm’s 50-day moving average price is $127.83 and its 200 day moving average price is $123.75. PNC Financial Services Group, Inc. has a 1-year low of $87.04 and a 1-year high of $135.73. The company has a market capitalization of $64.58 billion, a PE ratio of 17.15 and a beta of 0.93.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.08. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.97 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.50% and a return on equity of 9.17%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. Equities analysts predict that PNC Financial Services Group, Inc. will post $8.41 EPS for the current fiscal year.

PNC Financial Services Group, Inc. (The) declared that its board has approved a share repurchase plan on Wednesday, June 28th that permits the company to buyback $2.70 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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In other news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $128.31, for a total transaction of $641,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Hannon sold 24,111 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total transaction of $3,048,835.95. Following the transaction, the insider now owns 83,931 shares of the company’s stock, valued at $10,613,074.95. The disclosure for this sale can be found here. 0.43% of the stock is owned by insiders.

Several equities analysts have recently commented on the company. Instinet reaffirmed a “neutral” rating and issued a $132.00 target price (up previously from $129.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Saturday. Nomura upped their target price on PNC Financial Services Group, Inc. (The) from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday. Deutsche Bank AG reaffirmed a “hold” rating and issued a $136.00 target price (up previously from $130.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Tuesday, September 26th. Zacks Investment Research raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $144.00 target price on the stock in a research report on Tuesday, September 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $134.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research report on Sunday, August 27th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $126.81.

PNC Financial Services Group, Inc. (The) 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, Inc. (The) (NYSE:PNC)

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