Huntington National Bank increased its position in PNC Financial Services Group Inc. (NYSE:PNC) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,683 shares of the company’s stock after buying an additional 35,206 shares during the period. Huntington National Bank owned 0.06% of PNC Financial Services Group worth $22,438,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in PNC Financial Services Group by 0.3% in the first quarter. Wellington Management Group LLP now owns 41,611,853 shares of the company’s stock worth $3,519,114,000 after buying an additional 120,334 shares in the last quarter. American Century Companies Inc. raised its position in 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 worth $541,701,000 after buying an additional 897,284 shares in the last quarter. Geode Capital Management LLC raised its position in PNC Financial Services Group by 1.8% in the first quarter. Geode Capital Management LLC now owns 4,019,685 shares of the company’s stock worth $339,245,000 after buying an additional 70,023 shares in the last quarter. Legal & General Group Plc raised its position in PNC Financial Services Group by 1.9% in the first quarter. Legal & General Group Plc now owns 2,351,432 shares of the company’s stock worth $198,873,000 after buying an additional 44,759 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in PNC Financial Services Group by 37.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,053,098 shares of the company’s stock worth $173,630,000 after buying an additional 563,888 shares in the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded down 1.25% during mid-day trading on Tuesday, reaching $90.54. 2,580,531 shares of the company were exchanged. The firm’s 50-day moving average is $89.40 and its 200-day moving average is $86.09. The company has a market capitalization of $44.49 billion, a price-to-earnings ratio of 12.49 and a beta of 0.91. PNC Financial Services Group Inc. has a 12 month low of $77.40 and a 12 month high of $97.50.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, July 15th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.07. The business earned $3.79 billion during the quarter. PNC Financial Services Group had a net margin of 24.32% and a return on equity of 9.22%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. On average, equities analysts forecast that PNC Financial Services Group Inc. will post $7.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 17th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $2.20 annualized dividend and a dividend yield of 2.40%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.26%.

PNC has been the subject of a number of recent analyst reports. Raymond James Financial Inc. upgraded shares of PNC Financial Services Group from an “underperform” rating to a “market perform” rating in a research report on Thursday, October 6th. Wells Fargo & Co. restated a “hold” rating on shares of PNC Financial Services Group in a research report on Saturday, July 9th. Barclays PLC reduced their price objective on shares of PNC Financial Services Group from $100.00 to $97.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. Finally, Argus initiated coverage on shares of PNC Financial Services Group in a research report on Monday, July 18th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have given a buy rating to the company’s stock. PNC Financial Services Group currently has an average rating of “Hold” and an average target price of $96.65.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 33,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $86.49, for a total value of $2,854,170.00. Following the completion of the sale, the insider now owns 87,573 shares in the company, valued at approximately $7,574,188.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel Hesse bought 500 shares of the business’s stock in a transaction on Thursday, July 21st. The stock was bought at an average price of $82.44 per share, with a total value of $41,220.00. Following the transaction, the director now owns 1,100 shares in the company, valued at $90,684. The disclosure for this purchase can be found here. 0.57% of the stock is currently owned by corporate insiders.

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

Receive News & Stock Ratings for PNC Financial Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc. and related stocks with our FREE daily email newsletter.