Lederer & Associates Investment Counsel CA increased its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 30.4% during the 4th quarter, Holdings Channel reports. The firm owned 3,535 shares of the financial services provider’s stock after buying an additional 825 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in PNC Financial Services Group were worth $510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in PNC Financial Services Group by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 4 shares in the last quarter. Hudock Capital Group LLC boosted its position in PNC Financial Services Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,692 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 11 shares in the last quarter. Green Square Capital LLC boosted its position in PNC Financial Services Group by 0.4% during the 2nd quarter. Green Square Capital LLC now owns 4,147 shares of the financial services provider’s stock valued at $518,000 after acquiring an additional 18 shares in the last quarter. First Interstate Bank boosted its position in PNC Financial Services Group by 2.6% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 25 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in PNC Financial Services Group by 2.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 46 shares in the last quarter. 81.49% of the stock is currently owned by institutional investors.

In other news, insider Robert Q. Reilly sold 19,576 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the transaction, the insider now directly owns 103,299 shares in the company, valued at $15,031,037.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $3,467,000.00. The disclosure for this sale can be found here. Insiders have sold 108,523 shares of company stock valued at $15,392,168 over the last quarter. Company insiders own 0.43% of the company’s stock.

Several analysts have weighed in on PNC shares. Wells Fargo & Co set a $135.00 price objective on PNC Financial Services Group and gave the company a “hold” rating in a research report on Thursday, October 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $162.00 price objective on shares of PNC Financial Services Group in a research report on Friday, December 22nd. Citigroup reaffirmed a “neutral” rating and set a $144.00 price objective (up from $125.00) on shares of PNC Financial Services Group in a research report on Monday, October 9th. Finally, Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 price objective on the stock in a research report on Tuesday, December 26th. Seventeen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $141.08.

PNC Financial Services Group Inc (NYSE PNC) traded up $1.87 during mid-day trading on Thursday, hitting $151.49. 2,395,416 shares of the stock traded hands, compared to its average volume of 2,496,986. PNC Financial Services Group Inc has a 1 year low of $113.66 and a 1 year high of $151.49. The stock has a market capitalization of $72,080.00, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group 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 analyst estimates of $4.09 billion. During the same period last year, the business earned $1.84 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. analysts forecast that PNC Financial Services Group Inc will post 8.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Stockholders 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 dividend yield of 1.98%. PNC Financial Services Group’s payout ratio is 22.53%.

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PNC Financial Services Group 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 (NYSE:PNC)

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