QCI Asset Management Inc. NY increased its stake in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 2.3% during the third quarter, Holdings Channel reports. The firm owned 141,892 shares of the company’s stock after buying an additional 3,190 shares during the period. PNC Financial Services Group makes up about 1.8% of QCI Asset Management Inc. NY’s investment portfolio, making the stock its 29th largest position. QCI Asset Management Inc. NY’s holdings in PNC Financial Services Group were worth $12,783,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PNC. Vanguard Group Inc. boosted its stake in shares of PNC Financial Services Group by 1.0% in the second quarter. Vanguard Group Inc. now owns 31,475,705 shares of the company’s stock valued at $2,561,807,000 after buying an additional 320,794 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PNC Financial Services Group by 8.0% in the second quarter. JPMorgan Chase & Co. now owns 11,262,005 shares of the company’s stock valued at $916,614,000 after buying an additional 833,923 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of PNC Financial Services Group by 22.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,709,313 shares of the company’s stock valued at $627,462,000 after buying an additional 1,395,872 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of PNC Financial Services Group by 15.6% in the second quarter. American Century Companies Inc. now owns 6,655,625 shares of the company’s stock valued at $541,701,000 after buying an additional 897,284 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of PNC Financial Services Group by 17.0% in the second quarter. FMR LLC now owns 5,565,321 shares of the company’s stock valued at $452,961,000 after buying an additional 807,145 shares during the last quarter. 80.90% of the stock is 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 down 0.24% during midday trading on Tuesday, hitting $109.54. 1,643,137 shares of the stock were exchanged. The firm has a market cap of $53.29 billion, a PE ratio of 15.23 and a beta of 0.82. The firm has a 50-day moving average price of $98.79 and a 200 day moving average price of $89.39. PNC Financial Services Group Inc. has a 12-month low of $77.40 and a 12-month high of $112.07.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. The company earned $3.83 billion during the quarter. During the same period in the prior year, the company earned $1.90 EPS. The company’s revenue was up .9% compared to the same quarter last year. Analysts predict that PNC Financial Services Group Inc. will post $7.16 earnings per share for the current fiscal year.

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

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Several equities research analysts have recently weighed in on PNC shares. Stephens raised shares of PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and set a $100.00 price target for the company in a research report on Monday, August 1st. Robert W. Baird reaffirmed an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $96.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, August 31st. Vetr cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Wednesday, August 31st. Finally, Bank of America Corp. set a $100.00 price target on shares of PNC Financial Services Group and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $97.20.

In other news, CEO William S. Demchak sold 179,809 shares of the company’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 completion of the transaction, the chief executive officer now owns 531,755 shares of the company’s stock, valued at approximately $57,222,155.55. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Joseph E. Rockey sold 16,400 shares of the company’s stock in a transaction dated Friday, October 21st. The shares were 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. 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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