Putnam FL Investment Management Co. bought a new stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 59,794 shares of the financial services provider’s stock, valued at approximately $8,058,000.

Several other institutional investors also recently added to or reduced their stakes in PNC. BlackRock Inc. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 2,833.1% during the 1st quarter. BlackRock Inc. now owns 27,133,914 shares of the financial services provider’s stock valued at $3,262,582,000 after acquiring an additional 26,208,815 shares during the period. FMR LLC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares during the period. Principal Financial Group Inc. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 240.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after acquiring an additional 1,686,944 shares during the period. Janus Henderson Group PLC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 2,624.0% during the 2nd 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. lifted its position in shares of PNC Financial Services Group, Inc. (The) by 78,828.1% during the 2nd 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 81.19% of the company’s stock.

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PNC Financial Services Group, Inc. (PNC) traded up $0.90 on Thursday, reaching $132.90. 1,923,000 shares of the company traded hands, compared to its average volume of 2,231,896. The company has a market capitalization of $63,460.00, a price-to-earnings ratio of 16.12, a P/E/G ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. PNC Financial Services Group, Inc. has a one year low of $106.97 and a one year high of $139.23.

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

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a dividend of $0.75 per share. The ex-dividend date was Monday, October 16th. This represents a $3.00 annualized dividend and a yield of 2.26%. PNC Financial Services Group, Inc. (The)’s payout ratio is currently 36.54%.

In related news, insider Orlando C. Esposito sold 4,505 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the transaction, the insider now owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. In the last 90 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.

A number of research firms recently issued reports on PNC. Nomura boosted their target price on shares of PNC Financial Services Group, Inc. (The) from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and set a $136.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research report on Friday, August 11th. Robert W. Baird restated a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Sunday, October 1st. Piper Jaffray Companies upped their price objective on shares of PNC Financial Services Group, Inc. (The) from $134.00 to $147.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 16th. Sixteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. PNC Financial Services Group, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $135.93.

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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