Andra AP fonden boosted its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,500 shares of the financial services provider’s stock after buying an additional 800 shares during the quarter. Andra AP fonden’s holdings in PNC Financial Services Group were worth $5,336,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Schroder Investment Management Group boosted its stake in PNC Financial Services Group by 3.6% in the second quarter. Schroder Investment Management Group now owns 1,330,055 shares of the financial services provider’s stock valued at $180,315,000 after acquiring an additional 46,210 shares in the last quarter. Global X Management Co LLC boosted its stake in PNC Financial Services Group by 19.9% in the second quarter. Global X Management Co LLC now owns 12,002 shares of the financial services provider’s stock valued at $1,621,000 after acquiring an additional 1,989 shares in the last quarter. Private Wealth Partners LLC acquired a new position in PNC Financial Services Group in the second quarter valued at $6,846,000. Verition Fund Management LLC boosted its stake in PNC Financial Services Group by 349.3% in the second quarter. Verition Fund Management LLC now owns 29,114 shares of the financial services provider’s stock valued at $3,933,000 after acquiring an additional 22,634 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in PNC Financial Services Group by 932.7% in the second quarter. Advisors Asset Management Inc. now owns 382,419 shares of the financial services provider’s stock valued at $4,098,000 after acquiring an additional 345,388 shares in the last quarter. 79.78% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Wyk Steven C. Van sold 15,000 shares of the stock in a transaction dated Tuesday, July 17th. The shares were sold at an average price of $141.09, for a total transaction of $2,116,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Hannon sold 5,247 shares of the stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $141.38, for a total transaction of $741,820.86. Following the sale, the insider now owns 58,239 shares of the company’s stock, valued at approximately $8,233,829.82. The disclosure for this sale can be found here. Insiders sold 58,957 shares of company stock valued at $8,301,859 in the last 90 days. 0.38% of the stock is currently owned by insiders.

NYSE PNC opened at $141.26 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.91 and a quick ratio of 0.90. PNC Financial Services Group Inc has a 1 year low of $130.46 and a 1 year high of $163.59. The firm has a market capitalization of $66.86 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 1.31 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.14. PNC Financial Services Group had a net margin of 30.40% and a return on equity of 10.33%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.23 billion. sell-side analysts anticipate that PNC Financial Services Group Inc will post 10.72 EPS for the current fiscal year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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