Heartland Advisors Inc. increased its stake in PNC Financial Services Group Inc. (NYSE:PNC) by 16.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 134,486 shares of the company’s stock after buying an additional 18,861 shares during the period. Heartland Advisors Inc.’s holdings in PNC Financial Services Group were worth $12,116,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of PNC Financial Services Group by 254.3% in the second quarter. BNP Paribas Arbitrage SA now owns 585,787 shares of the company’s stock worth $47,677,000 after buying an additional 420,457 shares in the last quarter. Iowa State Bank acquired a new position in shares of PNC Financial Services Group during the second quarter worth about $114,000. Kistler Tiffany Companies LLC boosted its position in shares of PNC Financial Services Group by 0.6% in the second quarter. Kistler Tiffany Companies LLC now owns 15,629 shares of the company’s stock worth $1,272,000 after buying an additional 89 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in shares of PNC Financial Services Group by 0.8% in the second quarter. Cardinal Capital Management Inc. now owns 131,464 shares of the company’s stock worth $10,700,000 after buying an additional 1,070 shares in the last quarter. Finally, CenturyLink Investment Management Co boosted its position in shares of PNC Financial Services Group by 19.2% in the second quarter. CenturyLink Investment Management Co now owns 23,505 shares of the company’s stock worth $1,913,000 after buying an additional 3,779 shares in 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)

PNC Financial Services Group Inc. (NYSE:PNC) traded down 0.19% during midday trading on Tuesday, hitting $109.59. 1,769,652 shares of the company traded hands. PNC Financial Services Group Inc. has a 12-month low of $77.40 and a 12-month high of $112.07. The firm has a market capitalization of $53.32 billion, a PE ratio of 15.24 and a beta of 0.82. The stock’s 50-day moving average is $98.79 and its 200-day moving average is $89.39.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, October 14th. The company reported $1.84 earnings per share for the quarter, beating 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 business had revenue of $3.83 billion for the quarter. During the same quarter in the prior year, the company earned $1.90 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts anticipate that PNC Financial Services Group Inc. will post $7.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 17th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, October 13th. PNC Financial Services Group’s payout ratio is presently 30.51%.

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A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut shares of PNC Financial Services Group from an “outperform” rating to a “market perform” rating in a report on Tuesday. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $121.00 price target on the stock in a report on Tuesday, November 15th. Vetr cut PNC Financial Services Group from a “sell” rating to a “strong sell” rating and set a $95.30 price target on the stock. in a report on Tuesday, November 15th. Stephens raised PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and set a $100.00 price target on the stock in a report on Monday, August 1st. Finally, lifted their price target on PNC Financial Services Group from $86.00 to $92.00 and gave the company an “underperform” rating in a report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $97.20.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $95.28, for a total value of $2,382,000.00. Following the completion of the sale, the insider now owns 79,573 shares of the company’s stock, valued at $7,581,715.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph E. Rockey sold 16,400 shares of the company’s stock in a transaction that occurred on 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. 0.57% of the stock is currently 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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