KBC Group NV boosted its stake in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 6.7% during the third quarter, Holdings Channel reports. The institutional investor owned 82,277 shares of the company’s stock after buying an additional 5,170 shares during the period. KBC Group NV’s holdings in PNC Financial Services Group were worth $7,412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PNC. Cornerstone Investment Partners LLC increased its position in shares of PNC Financial Services Group by 3.3% in the second quarter. Cornerstone Investment Partners LLC now owns 1,158,916 shares of the company’s stock valued at $94,324,000 after buying an additional 37,076 shares in the last quarter. Breton Hill Capital Ltd. increased its position in shares of PNC Financial Services Group by 26.0% in the second quarter. Breton Hill Capital Ltd. now owns 11,177 shares of the company’s stock valued at $910,000 after buying an additional 2,305 shares in the last quarter. Mutual of Omaha Bank Wealth Management purchased a new position in shares of PNC Financial Services Group during the second quarter valued at approximately $445,000. Svenska Handelsbanken AB publ purchased a new position in shares of PNC Financial Services Group during the second quarter valued at approximately $9,921,000. Finally, Perkins Coie Trust Co increased its position in shares of PNC Financial Services Group by 6.9% in the second quarter. Perkins Coie Trust Co now owns 22,096 shares of the company’s stock valued at $1,798,000 after buying an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

PNC Financial Services Group Inc. (NYSE:PNC) traded up 1.341% on Wednesday, hitting $110.725. 4,065,847 shares of the stock were exchanged. The stock has a market cap of $53.87 billion, a price-to-earnings ratio of 15.396 and a beta of 0.82. PNC Financial Services Group Inc. has a 12 month low of $77.40 and a 12 month high of $112.07. The company has a 50-day moving average of $98.80 and a 200-day moving average of $89.40.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.06. The firm had revenue of $3.83 billion for the quarter. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 EPS. On average, equities analysts predict that PNC Financial Services Group Inc. will post $7.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 17th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.01%. The ex-dividend date was Thursday, October 13th. PNC Financial Services Group’s payout ratio is currently 30.51%.

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Several brokerages have commented on PNC. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th. Keefe, Bruyette & Woods downgraded shares of PNC Financial Services Group from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $98.00 to $114.00 in a report on Tuesday. Vetr downgraded shares of PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 price target for the company. in a report on Tuesday, November 15th. RBC Capital Markets reiterated a “buy” rating and set a $95.00 price target on shares of PNC Financial Services Group in a report on Thursday, November 3rd. Finally, Barclays PLC reiterated a “hold” rating and set a $97.00 price target on shares of PNC Financial Services Group in a report on Tuesday, October 11th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $98.01.

In related news, CEO William S. Demchak sold 179,809 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $107.61, for a total transaction of $19,349,246.49. Following the sale, the chief executive officer now owns 531,755 shares of the company’s stock, valued at $57,222,155.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph E. Rockey sold 16,400 shares of the business’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $92.93, for a total transaction of $1,524,052.00. The disclosure for this sale can be found here. Corporate insiders own 0.57% of the company’s stock.

About PNC Financial Services Group

The PNC Financial Services Group, Inc (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.

5 Day Chart for NYSE:PNC

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