Dean Investment Associates LLC held its stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,923 shares of the financial services provider’s stock at the end of the second quarter. Dean Investment Associates LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $2,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PNC. Proficio Capital Partners LLC raised its position in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 710 shares in the last quarter. First Interstate Bank raised its position in shares of PNC Financial Services Group, Inc. (The) by 34.0% in the 1st quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 243 shares in the last quarter. Ledyard National Bank raised its position in shares of PNC Financial Services Group, Inc. (The) by 6.3% in the 2nd quarter. Ledyard National Bank now owns 1,257 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 75 shares in the last quarter. Jacobus Wealth Management Inc. raised its position in shares of PNC Financial Services Group, Inc. (The) by 3.7% in the 1st quarter. Jacobus Wealth Management Inc. now owns 1,494 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 53 shares in the last quarter. Finally, Doyle Wealth Management acquired a new position in shares of PNC Financial Services Group, Inc. (The) in the 2nd quarter valued at approximately $203,000. 80.80% of the stock is currently owned by institutional investors.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) opened at 134.77 on Friday. PNC Financial Services Group, Inc. has a 52 week low of $87.04 and a 52 week high of $135.73. The company has a 50-day moving average price of $127.83 and a 200 day moving average price of $123.75. The stock has a market capitalization of $64.58 billion, a P/E ratio of 17.15 and a beta of 0.93.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. PNC Financial Services Group, Inc. (The) had a return on equity of 9.17% and a net margin of 24.50%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts forecast that PNC Financial Services Group, Inc. will post $8.41 earnings per share for the current fiscal year.

PNC Financial Services Group, Inc. (The) declared that its board has authorized a stock buyback program on Wednesday, June 28th that allows the company to buyback $2.70 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $128.31, for a total transaction of $641,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Michael J. Hannon sold 24,111 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $126.45, for a total value of $3,048,835.95. Following the transaction, the insider now owns 83,931 shares in the company, valued at $10,613,074.95. The disclosure for this sale can be found here. Insiders own 0.43% of the company’s stock.

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PNC has been the topic of a number of recent analyst reports. BidaskClub lowered PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Piper Jaffray Companies reissued a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research report on Sunday, August 27th. Zacks Investment Research lowered PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Deutsche Bank AG reissued a “hold” rating and set a $136.00 price target (up from $130.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Tuesday, September 26th. Finally, Credit Suisse Group reissued a “neutral” rating and set a $126.00 price target (up from $114.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $126.81.

PNC Financial Services Group, Inc. (The) Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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