Stellar Capital Management LLC raised its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 0.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,732 shares of the financial services provider’s stock after purchasing an additional 1 shares during the quarter. Stellar Capital Management LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $216,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Honeywell International Inc. increased its position in PNC Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Honeywell International Inc. now owns 156,400 shares of the financial services provider’s stock valued at $19,530,000 after purchasing an additional 400 shares during the period. Daiwa Securities Group Inc. grew its position in shares of PNC Financial Services Group, Inc. (The) by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 500 shares during the period. Canada Pension Plan Investment Board grew its position in shares of PNC Financial Services Group, Inc. (The) by 12.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider’s stock worth $77,485,000 after buying an additional 70,962 shares during the period. Davis Selected Advisers grew its position in shares of PNC Financial Services Group, Inc. (The) by 1.7% during the 2nd quarter. Davis Selected Advisers now owns 307,362 shares of the financial services provider’s stock worth $38,380,000 after buying an additional 5,262 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of PNC Financial Services Group, Inc. (The) by 20.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock worth $906,000 after buying an additional 1,235 shares during the period. 80.79% of the stock is owned by institutional investors and hedge funds.

PNC has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, August 28th. Zacks Investment Research raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Sunday, August 27th. BidaskClub downgraded shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $127.00 price objective (up previously from $121.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $131.35.

In other news, insider Michael J. Hannon sold 24,111 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $126.45, for a total value of $3,048,835.95. Following the completion of the transaction, the insider now owns 83,931 shares in the company, valued at approximately $10,613,074.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $128.31, for a total value of $641,550.00. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by insiders.

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Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded down 0.33% on Tuesday, hitting $134.58. The stock had a trading volume of 113,375 shares. The stock has a market capitalization of $64.49 billion, a P/E ratio of 17.13 and a beta of 0.95. The firm has a 50-day moving average price of $130.50 and a 200-day moving average price of $125.20. PNC Financial Services Group, Inc. has a 52 week low of $87.97 and a 52 week high of $137.41.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. Equities analysts expect that PNC Financial Services Group, Inc. will post $8.40 earnings per share for the current fiscal year.

PNC Financial Services Group, Inc. (The) announced that its Board of Directors has initiated a share buyback program on Wednesday, June 28th that allows the company to buyback $2.70 billion in shares. This buyback authorization allows the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 36.63%.

PNC Financial Services Group, Inc. (The) 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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