Shelton Capital Management increased its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 5.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,881 shares of the financial services provider’s stock after buying an additional 1,160 shares during the period. Shelton Capital Management’s holdings in PNC Financial Services Group were worth $2,949,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Honeywell International Inc. increased its stake in PNC Financial Services Group by 0.3% in the second 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 last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in PNC Financial Services Group by 217.5% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 184,620 shares of the financial services provider’s stock valued at $24,901,000 after purchasing an additional 126,480 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in PNC Financial Services Group by 20.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock valued at $906,000 after purchasing an additional 1,235 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in PNC Financial Services Group by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock valued at $1,916,000 after purchasing an additional 500 shares during the last quarter. Finally, Davis Selected Advisers increased its stake in PNC Financial Services Group by 1.7% in the second quarter. Davis Selected Advisers now owns 307,362 shares of the financial services provider’s stock valued at $38,380,000 after purchasing an additional 5,262 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

PNC Financial Services Group Inc (NYSE PNC) traded down $0.86 during mid-day trading on Friday, hitting $142.97. The stock had a trading volume of 1,568,400 shares, compared to its average volume of 2,187,960. The firm has a market capitalization of $68,434.47, a P/E ratio of 17.56, a P/E/G ratio of 1.92 and a beta of 0.90. PNC Financial Services Group Inc has a 1-year low of $113.66 and a 1-year high of $146.24. 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 (NYSE:PNC) last posted its quarterly earnings data 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 business 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. equities research analysts expect that PNC Financial Services Group Inc will post 8.44 EPS for the current fiscal year.

In other news, insider E William Parsley III sold 46,307 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $143.43, for a total value of $6,641,813.01. Following the completion of the sale, the insider now directly owns 132,544 shares of the company’s stock, valued at $19,010,785.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the stock in a transaction on Monday, October 30th. The stock was 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. Insiders sold 88,947 shares of company stock valued at $12,543,665 over the last three months. Corporate insiders own 0.43% of the company’s stock.

Several equities analysts have commented on the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $151.00 price target on shares of PNC Financial Services Group in a research note on Monday, December 4th. J P Morgan Chase & Co increased their price target on shares of PNC Financial Services Group from $139.50 to $140.50 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, October 31st. Nomura increased their price target on shares of PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Company set a $135.00 price target on shares of PNC Financial Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Sixteen research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $136.13.

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PNC Financial Services Group Company 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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