South Dakota Investment Council trimmed its holdings in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 73.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,604 shares of the financial services provider’s stock after selling 42,801 shares during the period. South Dakota Investment Council’s holdings in PNC Financial Services Group were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alliance Wealth Management Group purchased a new stake in PNC Financial Services Group during the 3rd quarter worth about $264,000. Barrett Asset Management LLC lifted its holdings in PNC Financial Services Group by 19.7% during the 3rd quarter. Barrett Asset Management LLC now owns 6,605 shares of the financial services provider’s stock worth $890,000 after buying an additional 1,085 shares during the last quarter. Norinchukin Bank The lifted its holdings in PNC Financial Services Group by 85.4% during the 3rd quarter. Norinchukin Bank The now owns 35,433 shares of the financial services provider’s stock worth $4,775,000 after buying an additional 16,324 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in PNC Financial Services Group by 4.3% during the 3rd quarter. D.A. Davidson & CO. now owns 69,345 shares of the financial services provider’s stock worth $9,345,000 after buying an additional 2,862 shares during the last quarter. Finally, First Interstate Bank lifted its holdings in PNC Financial Services Group by 63.3% during the 3rd quarter. First Interstate Bank now owns 1,604 shares of the financial services provider’s stock worth $216,000 after buying an additional 622 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

PNC Financial Services Group, Inc. (PNC) traded down $0.48 on Friday, reaching $132.56. The company’s stock had a trading volume of 612,841 shares, compared to its average volume of 1,435,167. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $63,072.18, a P/E ratio of 16.19, a PEG ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a 12-month low of $109.16 and a 12-month high of $139.23.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. analysts predict that PNC Financial Services Group, Inc. will post 8.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group’s dividend payout ratio is presently 36.63%.

Several analysts have recently weighed in on the company. J P Morgan Chase & Co boosted their target price on PNC Financial Services Group from $139.50 to $140.50 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Tuesday, October 31st. Nomura boosted their target price on PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, UBS AG boosted their target price on PNC Financial Services Group from $133.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 16th. Sixteen equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $135.93.

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total value of $429,432.30. Following the sale, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,640 shares of company stock valued at $1,729,952. 0.43% of the stock is owned by company insiders.

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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.

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

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