GABELLI & Co INVESTMENT ADVISERS INC. reduced its stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,600 shares of the financial services provider’s stock after selling 400 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in PNC Financial Services Group, Inc. (The) were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in PNC. BlackRock Inc. increased its stake in PNC Financial Services Group, Inc. (The) by 2,833.1% in the first quarter. BlackRock Inc. now owns 27,133,914 shares of the financial services provider’s stock valued at $3,262,582,000 after purchasing an additional 26,208,815 shares during the last quarter. FMR LLC increased its stake in PNC Financial Services Group, Inc. (The) by 19.4% in the first quarter. FMR LLC now owns 13,760,691 shares of the financial services provider’s stock valued at $1,654,586,000 after purchasing an additional 2,239,716 shares during the last quarter. Principal Financial Group Inc. increased its stake in PNC Financial Services Group, Inc. (The) by 240.4% in the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after purchasing an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 2,624.0% in the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after acquiring an additional 1,645,007 shares during the period. Finally, Koch Industries Inc. boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 78,828.1% in the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 1,348,748 shares during the period. Institutional investors own 81.40% of the company’s stock.

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Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded down $1.52 during mid-day trading on Tuesday, hitting $137.07. The stock had a trading volume of 157,280 shares, compared to its average volume of 1,620,000. PNC Financial Services Group, Inc. has a twelve month low of $95.30 and a twelve month high of $139.23. The stock has a market capitalization of $65,940.00, a PE ratio of 16.93, a P/E/G ratio of 1.85 and a beta of 0.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $1.84 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts forecast that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is currently 36.54%.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $143.00 price objective for the company in a report on Friday, July 28th. Nomura increased their price objective on PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. BidaskClub raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, August 28th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $139.50 price objective (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $133.99.

In related news, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the sale, the insider now owns 20,449 shares in the company, valued at approximately $2,801,104.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

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.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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