Achmea Investment Management B.V. boosted its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 20.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,231 shares of the financial services provider’s stock after purchasing an additional 15,890 shares during the period. PNC Financial Services Group comprises approximately 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 28th largest position. Achmea Investment Management B.V.’s holdings in PNC Financial Services Group were worth $12,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in PNC Financial Services Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock valued at $4,065,151,000 after purchasing an additional 589,235 shares in the last quarter. BlackRock Inc. grew its position in PNC Financial Services Group by 1.3% during the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after purchasing an additional 341,222 shares in the last quarter. FMR LLC grew its position in PNC Financial Services Group by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after purchasing an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. grew its position in PNC Financial Services Group by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. Finally, Capital World Investors grew its position in PNC Financial Services Group by 6.9% during the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after purchasing an additional 654,997 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the transaction, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. Insiders sold 12,640 shares of company stock valued at $1,729,952 over the last 90 days. 0.43% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. BidaskClub cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating on shares of PNC Financial Services Group in a research note on Monday, October 16th. Credit Suisse Group lifted their target price on shares of PNC Financial Services Group from $135.00 to $137.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, October 31st. Finally, Instinet reiterated a “neutral” rating and issued a $132.00 target price (up from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Sixteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $135.93.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded down $0.48 during trading on Monday, hitting $132.56. 612,800 shares of the stock were exchanged, compared to its average volume of 2,201,925. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. PNC Financial Services Group, Inc. has a twelve month low of $109.16 and a twelve month high of $139.23. The firm has a market capitalization of $63,072.18, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the previous year, the company earned $1.84 earnings per share. PNC Financial Services Group’s revenue for the quarter was up 7.7% on a year-over-year basis. equities research analysts anticipate that PNC Financial Services Group, Inc. will post 8.44 EPS for the current year.

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

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About PNC Financial Services Group

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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