National Pension Service increased its stake in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,318 shares of the company’s stock after buying an additional 27,338 shares during the period. National Pension Service owned 0.07% of PNC Financial Services Group worth $30,930,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Private Trust Co. NA raised its position in PNC Financial Services Group by 1.4% in the third quarter. Private Trust Co. NA now owns 2,826 shares of the company’s stock worth $254,000 after buying an additional 38 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in PNC Financial Services Group by 4.1% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 129,208 shares of the company’s stock worth $11,640,000 after buying an additional 5,103 shares during the last quarter. Genesee Valley Trust Co. raised its position in PNC Financial Services Group by 25.6% in the third quarter. Genesee Valley Trust Co. now owns 9,964 shares of the company’s stock worth $898,000 after buying an additional 2,029 shares during the last quarter. Capstone Asset Management Co. raised its position in PNC Financial Services Group by 1.2% in the third quarter. Capstone Asset Management Co. now owns 42,485 shares of the company’s stock worth $3,827,000 after buying an additional 487 shares during the last quarter. Finally, Carl Domino Inc acquired a new position in PNC Financial Services Group during the third quarter worth $213,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

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

Shares of PNC Financial Services Group Inc. (NYSE:PNC) traded up 0.21% during midday trading on Tuesday, reaching $110.03. 366,148 shares of the company were exchanged. The firm’s 50 day moving average is $98.79 and its 200-day moving average is $89.39. The company has a market capitalization of $53.53 billion, a PE ratio of 15.30 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.

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

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

COPYRIGHT VIOLATION NOTICE: “PNC Financial Services Group Inc. (PNC) Shares Bought by National Pension Service” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/29/pnc-financial-services-group-inc-pnc-shares-bought-by-national-pension-service.html.

PNC has been the topic of a number of recent research reports. Stephens upgraded shares of 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 research report on Monday, August 1st. Robert W. Baird restated an “outperform” rating on shares of PNC Financial Services Group in a research report on Thursday, August 4th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $96.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, August 31st. Vetr lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Wednesday, August 31st. Finally, Bank of America Corp. set a $100.00 price target on shares of PNC Financial Services Group and gave the stock a “buy” rating in a research report on Wednesday, September 7th. 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 company. The stock presently has an average rating of “Hold” and a consensus price target of $97.20.

In other PNC Financial Services Group news, insider Joseph E. Rockey sold 16,400 shares of the business’s stock in a transaction dated Friday, October 21st. The stock was sold at an average price of $92.93, for a total transaction of $1,524,052.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 179,809 shares of the business’s stock in a transaction dated 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 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. Company 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

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.