Dalton Greiner Hartman Maher & Co. increased its stake in PNC Financial Services Group Inc. (NYSE:PNC) by 4.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 129,208 shares of the company’s stock after buying an additional 5,103 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in PNC Financial Services Group were worth $11,640,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wright Investors Service Inc. boosted its stake in 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 in the last quarter. Cincinnati Financial Corp raised its position in 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 raised its position in 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 raised its position in 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 raised its position in 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. 80.90% 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 down 2.03% during midday trading on Monday, reaching $109.80. 2,165,300 shares of the company’s stock traded hands. The firm has a market capitalization of $53.42 billion, a P/E ratio of 15.27 and a beta of 0.82. PNC Financial Services Group Inc. has a 52-week low of $77.40 and a 52-week high of $112.07. The stock’s 50 day moving average price is $98.27 and its 200 day moving average price is $89.18.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, October 14th. The company reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.06. The business earned $3.83 billion during the quarter. PNC Financial Services Group had a return on equity of 9.04% and a net margin of 23.77%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.90 earnings per share. On average, equities research analysts anticipate that PNC Financial Services Group Inc. will post $7.16 EPS for the current fiscal year.

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

TRADEMARK VIOLATION WARNING: “PNC Financial Services Group Inc. (PNC) Shares Bought by Dalton Greiner Hartman Maher & Co.” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2016/11/28/pnc-financial-services-group-inc-pnc-shares-bought-by-dalton-greiner-hartman-maher-co.html.

PNC has been the topic of several research reports. Raymond James Financial Inc. upgraded shares of PNC Financial Services Group from an “underperform” rating to a “market perform” rating in a report on Thursday, October 6th. Argus upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and raised their price target for the company from $88.03 to $98.00 in a report on Monday, October 17th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, October 18th. Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a report on Thursday, August 4th. Finally, RBC Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of PNC Financial Services Group in a report on Thursday, November 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus 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 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert Q. Reilly sold 22,000 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $95.49, for a total value of $2,100,780.00. Following the completion of the sale, the insider now owns 104,803 shares in the company, valued at $10,007,638.47. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

About PNC Financial Services Group

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.