Orrstown Financial Services Inc. decreased its stake in PNC Financial Services Group Inc (NYSE:PNC) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,273 shares of the financial services provider’s stock after selling 387 shares during the period. PNC Financial Services Group comprises about 3.7% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its biggest position. Orrstown Financial Services Inc.’s holdings in PNC Financial Services Group were worth $3,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of PNC Financial Services Group by 8.1% in the 4th quarter. Bank of Montreal Can now owns 1,681,159 shares of the financial services provider’s stock worth $242,575,000 after buying an additional 126,061 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of PNC Financial Services Group by 6.0% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,362 shares of the financial services provider’s stock worth $2,938,000 after buying an additional 1,150 shares during the last quarter. BLB&B Advisors LLC increased its holdings in shares of PNC Financial Services Group by 2.0% in the 4th quarter. BLB&B Advisors LLC now owns 60,670 shares of the financial services provider’s stock worth $8,754,000 after buying an additional 1,174 shares during the last quarter. Pennsylvania Trust Co increased its holdings in shares of PNC Financial Services Group by 1.8% in the 4th quarter. Pennsylvania Trust Co now owns 49,422 shares of the financial services provider’s stock worth $7,134,000 after buying an additional 865 shares during the last quarter. Finally, Atria Investments LLC increased its holdings in shares of PNC Financial Services Group by 59.1% in the 4th quarter. Atria Investments LLC now owns 5,975 shares of the financial services provider’s stock worth $862,000 after buying an additional 2,219 shares during the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on PNC. Oppenheimer reissued a “hold” rating on shares of PNC Financial Services Group in a report on Tuesday. Argus increased their price target on shares of PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a report on Tuesday. Nomura increased their price target on shares of PNC Financial Services Group from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Wells Fargo & Co set a $157.00 price target on shares of PNC Financial Services Group and gave the stock a “hold” rating in a report on Tuesday. Finally, Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of PNC Financial Services Group in a report on Sunday, October 1st. Eighteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $144.02.

In other PNC Financial Services Group news, insider E William Parsley III sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $138.68, for a total value of $3,467,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Q. Reilly sold 19,576 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the completion of the sale, the insider now directly owns 103,299 shares in the company, valued at approximately $15,031,037.49. The disclosure for this sale can be found here. In the last three months, insiders sold 108,523 shares of company stock worth $15,392,168. Insiders own 0.43% of the company’s stock.

PNC Financial Services Group Inc (NYSE PNC) traded up $0.42 during mid-day trading on Tuesday, hitting $152.26. 2,682,314 shares of the company traded hands, compared to its average volume of 2,030,000. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. PNC Financial Services Group Inc has a 52 week low of $113.66 and a 52 week high of $154.90. The company has a market cap of $72,450.00, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.51 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 EPS. equities analysts predict that PNC Financial Services Group Inc will post 9.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 17.74%.

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PNC Financial Services Group 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 (NYSE:PNC)

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