Chevy Chase Trust Holdings Inc. lowered its stake in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 457,564 shares of the company’s stock after selling 18,375 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of PNC Financial Services Group worth $41,221,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Wright Investors Service Inc. boosted its stake in shares of PNC Financial Services Group by 3.6% in the second quarter. Wright Investors Service Inc. now owns 9,907 shares of the company’s stock valued at $806,000 after buying an additional 346 shares during the last quarter. Cincinnati Financial Corp boosted its stake in shares of PNC Financial Services Group by 14.3% in the second quarter. Cincinnati Financial Corp now owns 473,000 shares of the company’s stock valued at $38,497,000 after buying an additional 59,000 shares during the last quarter. Huntington National Bank boosted its stake in shares of PNC Financial Services Group by 14.6% in the second quarter. Huntington National Bank now owns 275,683 shares of the company’s stock valued at $22,438,000 after buying an additional 35,206 shares during the last quarter. RNC Capital Management LLC boosted its stake in shares of PNC Financial Services Group by 0.5% in the second quarter. RNC Capital Management LLC now owns 222,243 shares of the company’s stock valued at $18,088,000 after buying an additional 1,150 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in shares of PNC Financial Services Group by 3.5% in the second quarter. Commonwealth Bank of Australia now owns 69,691 shares of the company’s stock valued at $5,671,000 after buying an additional 2,372 shares during the last quarter. 80.88% of the stock is 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) opened at 111.24 on Friday. The company has a 50-day moving average of $92.94 and a 200 day moving average of $87.69. PNC Financial Services Group Inc. has a 12 month low of $77.40 and a 12 month high of $111.39. The company has a market cap of $54.12 billion, a PE ratio of 15.47 and a beta of 0.82.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, topping the Thomson Reuters’ 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 had revenue of $3.83 billion for the quarter. During the same quarter last year, the company posted $1.90 EPS. PNC Financial Services Group’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that PNC Financial Services Group Inc. will post $7.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 7th. Investors of record on Monday, October 17th were issued a $0.55 dividend. The ex-dividend date was Thursday, October 13th. This represents a $2.20 annualized dividend and a yield of 1.98%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 30.51%.

Several equities research analysts have recently commented on PNC shares. Credit Agricole SA raised their target price on shares of PNC Financial Services Group from $86.00 to $92.00 and gave the stock an “underperform” rating in a research report on Friday, September 23rd. Bank of America Corp. set a $100.00 target price on shares of PNC Financial Services Group and gave the stock a “buy” rating in a research report on Wednesday, September 7th. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Tuesday. Argus raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $88.03 to $98.00 in a research report on Monday, October 17th. Finally, Vetr cut shares of PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 target price for the company. in a research report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $97.20.

In other PNC Financial Services Group news, insider Joseph E. Rockey sold 16,400 shares of the company’s stock in a transaction that occurred on Friday, October 21st. The stock was sold at an average price of $92.93, for a total value of $1,524,052.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William S. Demchak sold 179,809 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $107.61, for a total value of $19,349,246.49. Following the completion of the sale, the chief executive officer now owns 531,755 shares in the company, valued at approximately $57,222,155.55. The disclosure for this sale can be found here. 0.57% of the stock is owned by company 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

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