QCI Asset Management Inc. NY raised its position in shares of PNC Financial Services Group Inc. (NYSE:PNC) by 2.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 141,892 shares of the company’s stock after buying an additional 3,190 shares during the period. PNC Financial Services Group comprises about 1.8% of QCI Asset Management Inc. NY’s portfolio, making the stock its 29th largest position. QCI Asset Management Inc. NY’s holdings in PNC Financial Services Group were worth $12,783,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Heartland Advisors Inc. boosted its stake in shares of PNC Financial Services Group by 16.3% in the third quarter. Heartland Advisors Inc. now owns 134,486 shares of the company’s stock worth $12,116,000 after buying an additional 18,861 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of PNC Financial Services Group by 5.2% in the third quarter. UBS Asset Management Americas Inc. now owns 1,585,651 shares of the company’s stock worth $142,852,000 after buying an additional 78,493 shares during the last quarter. Girard Partners LTD. acquired a new stake in shares of PNC Financial Services Group during the third quarter worth about $350,000. Delta Lloyd NV boosted its stake in shares of PNC Financial Services Group by 13.5% in the third quarter. Delta Lloyd NV now owns 37,043 shares of the company’s stock worth $3,337,000 after buying an additional 4,405 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its stake in shares of PNC Financial Services Group by 5.6% in the third quarter. Telos Capital Management Inc. now owns 21,198 shares of the company’s stock worth $1,910,000 after buying an additional 1,133 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 0.24% during midday trading on Tuesday, hitting $109.54. 1,643,137 shares of the company traded hands. PNC Financial Services Group Inc. has a 52 week low of $77.40 and a 52 week high of $112.07. The company has a 50-day moving average price of $98.79 and a 200-day moving average price of $89.39. The stock has a market capitalization of $53.29 billion, a P/E ratio of 15.23 and a beta of 0.82.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, October 14th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.06. The company earned $3.83 billion during the quarter. PNC Financial Services Group had a net margin of 23.77% and a return on equity of 9.04%. PNC Financial Services Group’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.90 earnings per share. Analysts anticipate 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 given a $0.55 dividend. The ex-dividend date was Thursday, October 13th. This represents a $2.20 annualized dividend and a yield of 1.99%. PNC Financial Services Group’s dividend payout ratio (DPR) is 30.51%.

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A number of brokerages have issued reports on PNC. 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 cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. Vetr cut shares of 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. RBC Capital Markets reaffirmed a “buy” rating and issued a $95.00 price target on shares of PNC Financial Services Group in a report on Thursday, November 3rd. Finally, Argus raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $88.03 to $98.00 in a report on Monday, October 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $97.20.

In other PNC Financial Services Group news, CEO William S. Demchak sold 179,809 shares of the business’s stock in a transaction dated Tuesday, November 15th. The shares were 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 directly owns 531,755 shares of the company’s stock, valued at approximately $57,222,155.55. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Joseph E. Rockey sold 16,400 shares of the business’s stock in a transaction dated 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.

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

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