Cooke & Bieler LP boosted its stake in PNC Financial Services Group Inc. (NYSE:PNC) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 819,948 shares of the company’s stock after buying an additional 59,212 shares during the period. Cooke & Bieler LP owned approximately 0.17% of PNC Financial Services Group worth $66,736,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of PNC Financial Services Group by 1.7% in the second quarter. Nordea Investment Management AB now owns 23,196 shares of the company’s stock valued at $1,888,000 after buying an additional 388 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of 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 valued at $146,000 after buying an additional 99 shares during the period. Bridge Creek Capital Management LLC boosted its stake in shares of PNC Financial Services Group by 20.7% in the second quarter. Bridge Creek Capital Management LLC now owns 20,105 shares of the company’s stock valued at $1,636,000 after buying an additional 3,445 shares during the period. Concert Wealth Management Inc. boosted its stake in shares of PNC Financial Services Group by 1.5% in the second quarter. Concert Wealth Management Inc. now owns 3,660 shares of the company’s stock valued at $295,000 after buying an additional 53 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at about $963,000. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.20% on Monday, hitting $88.21. The stock had a trading volume of 3,046,838 shares. The firm has a market cap of $43.35 billion, a PE ratio of 12.17 and a beta of 0.91. PNC Financial Services Group Inc. has a 52-week low of $77.40 and a 52-week high of $97.50. The firm’s 50-day moving average price is $89.80 and its 200 day moving average price is $86.19.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 14th. The company reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.06. PNC Financial Services Group had a return on equity of 8.92% and a net margin of 23.77%. The firm earned $3.83 billion during the quarter. During the same period in the previous year, the firm earned $1.90 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts predict that PNC Financial Services Group Inc. will post $7.10 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 17th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, October 13th. This represents a $2.20 annualized dividend and a yield of 2.49%. PNC Financial Services Group’s payout ratio is 30.51%.

Several research firms have recently weighed in on PNC. Wells Fargo & Co. reissued a “hold” rating on shares of PNC Financial Services Group in a research report on Saturday, July 9th. Argus began coverage on PNC Financial Services Group in a research report on Monday, July 18th. They set a “hold” rating on the stock. Piper Jaffray Cos. reissued an “overweight” rating and set a $97.00 target price (up previously from $96.00) on shares of PNC Financial Services Group in a research report on Monday, July 18th. Vetr downgraded PNC Financial Services Group from a “strong-buy” rating to a “buy” rating and set a $89.00 target price on the stock. in a research report on Thursday, July 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $94.00 target price on shares of PNC Financial Services Group in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $96.71.

In other PNC Financial Services Group news, Director Daniel Hesse acquired 500 shares of the stock in a transaction dated Thursday, July 21st. The stock was acquired at an average cost 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 approximately $90,684. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael J. Hannon sold 33,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $86.49, for a total value of $2,854,170.00. Following the transaction, the insider now directly owns 87,573 shares of the company’s stock, valued at $7,574,188.77. The disclosure for this sale can be found here. Corporate 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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