Investors purchased shares of PNC Financial Services Group Inc (NYSE:PNC) on weakness during trading on Wednesday after an insider sold shares in the company. $81.53 million flowed into the stock on the tick-up and $46.52 million flowed out of the stock on the tick-down, for a money net flow of $35.01 million into the stock. Of all equities tracked, PNC Financial Services Group had the 9th highest net in-flow for the day. PNC Financial Services Group traded down ($2.02) for the day and closed at $143.83Specifically, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction that occurred 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 filing with the SEC, which is accessible through this link. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction that occurred on 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 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 have sold 88,947 shares of company stock valued at $12,543,665 over the last 90 days. 0.43% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on PNC shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price target on shares of PNC Financial Services Group in a report on Sunday, October 1st. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Tuesday, September 5th. Royal Bank of Canada reaffirmed a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Finally, Stephens downgraded shares of PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 5th. They noted that the move was a valuation call. Sixteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $136.13.

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The company has a market cap of $68,177.53, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.91 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the 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 firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. research analysts expect that PNC Financial Services Group Inc will post 8.44 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in PNC. Atria Investments LLC bought a new stake in PNC Financial Services Group in the second quarter worth $412,000. Iberiabank Corp increased its position in PNC Financial Services Group by 9.2% in the second quarter. Iberiabank Corp now owns 16,488 shares of the financial services provider’s stock worth $2,059,000 after purchasing an additional 1,391 shares during the last quarter. Private Trust Co. NA increased its position in PNC Financial Services Group by 0.5% in the second quarter. Private Trust Co. NA now owns 11,517 shares of the financial services provider’s stock worth $1,438,000 after purchasing an additional 62 shares during the last quarter. Laurel Grove Capital LLC increased its position in PNC Financial Services Group by 16.8% in the second quarter. Laurel Grove Capital LLC now owns 17,575 shares of the financial services provider’s stock worth $2,195,000 after purchasing an additional 2,525 shares during the last quarter. Finally, Bank of Montreal Can increased its position in PNC Financial Services Group by 7.1% in the second quarter. Bank of Montreal Can now owns 1,554,792 shares of the financial services provider’s stock worth $194,148,000 after purchasing an additional 102,688 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

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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.

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