National Pension Service raised its position in PNC Financial Services Group Inc. (NYSE:PNC) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,318 shares of the company’s stock after buying an additional 27,338 shares during the period. National Pension Service’s holdings in PNC Financial Services Group were worth $30,930,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Iowa State Bank acquired a new stake in PNC Financial Services Group during the second quarter worth approximately $114,000. Barrett Asset Management LLC raised its stake in PNC Financial Services Group by 162.3% in the second quarter. Barrett Asset Management LLC now owns 1,705 shares of the company’s stock worth $139,000 after buying an additional 1,055 shares in the last quarter. Enterprise Financial Services Corp raised its stake in PNC Financial Services Group by 5.8% in the second quarter. Enterprise Financial Services Corp now owns 1,797 shares of the company’s stock worth $146,000 after buying an additional 99 shares in the last quarter. M&R Capital Management Inc. acquired a new stake in PNC Financial Services Group during the second quarter worth approximately $146,000. Finally, NEXT Financial Group Inc raised its stake in PNC Financial Services Group by 42.8% in the second quarter. NEXT Financial Group Inc now owns 2,006 shares of the company’s stock worth $163,000 after buying an additional 601 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.

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

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.21% on Tuesday, hitting $110.03. The stock had a trading volume of 366,148 shares. The firm has a 50 day moving average of $98.79 and a 200-day moving average of $89.39. PNC Financial Services Group Inc. has a 1-year low of $77.40 and a 1-year high of $112.07. The firm has a market capitalization of $53.53 billion, a price-to-earnings ratio of 15.30 and a beta of 0.82.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 14th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a return on equity of 9.04% and a net margin of 23.77%. The company had revenue of $3.83 billion for the quarter. During the same quarter last year, the business posted $1.90 EPS. The company’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts predict that PNC Financial Services Group Inc. will post $7.16 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 17th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $2.20 dividend on an annualized basis and a yield of 1.99%. PNC Financial Services Group’s payout ratio is 30.51%.

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A number of research analysts recently issued reports on PNC shares. Bank of America Corp. set a $100.00 price objective on PNC Financial Services Group and gave the stock a “buy” rating in a report on Wednesday, September 7th. Vetr upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $94.63 price objective for the company in a report on Wednesday, October 12th. Argus upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $88.03 to $98.00 in a report on Monday, October 17th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a report on Tuesday, October 18th. Finally, RBC Capital Markets reiterated a “buy” rating and set a $95.00 price objective on shares of PNC Financial Services Group in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $97.20.

In other PNC Financial Services Group news, insider Robert Q. Reilly sold 22,000 shares of the firm’s stock in a transaction dated Thursday, October 27th. The stock was sold at an average price of $95.49, for a total transaction of $2,100,780.00. Following the sale, the insider now owns 104,803 shares in the company, valued at $10,007,638.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 82,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $95.31, for a total value of $7,863,075.00. Following the sale, the chief executive officer now owns 476,255 shares in the company, valued at approximately $45,391,864.05. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

PNC Financial Services Group Company Profile

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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