Bank of Hawaii decreased its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,420 shares of the financial services provider’s stock after selling 11 shares during the quarter. Bank of Hawaii’s holdings in PNC Financial Services Group, Inc. (The) were worth $1,676,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PNC. BlackRock Inc. increased its stake in PNC Financial Services Group, Inc. (The) by 2,833.1% during the 1st quarter. BlackRock Inc. now owns 27,133,914 shares of the financial services provider’s stock valued at $3,262,582,000 after purchasing an additional 26,208,815 shares in the last quarter. FMR LLC increased its stake in PNC Financial Services Group, Inc. (The) by 19.4% during the 1st quarter. FMR LLC now owns 13,760,691 shares of the financial services provider’s stock valued at $1,654,586,000 after purchasing an additional 2,239,716 shares in the last quarter. Principal Financial Group Inc. increased its stake in PNC Financial Services Group, Inc. (The) by 240.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock valued at $298,281,000 after purchasing an additional 1,686,944 shares in the last quarter. JPMorgan Chase & Co. increased its stake in PNC Financial Services Group, Inc. (The) by 7.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after purchasing an additional 875,164 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in PNC Financial Services Group, Inc. (The) by 43,366.7% during the 2nd quarter. Harbour Capital Advisors LLC now owns 798,918 shares of the financial services provider’s stock valued at $6,398,000 after purchasing an additional 797,080 shares in the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.

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

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Shares of PNC Financial Services Group, Inc. (NYSE:PNC) opened at 135.69 on Friday. The stock has a market capitalization of $65.02 billion, a P/E ratio of 17.27 and a beta of 0.95. The company’s 50-day moving average is $129.24 and its 200-day moving average is $124.53. PNC Financial Services Group, Inc. has a one year low of $87.34 and a one year high of $136.92.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.08. The company had revenue of $4.06 billion for the quarter, compared to analysts’ expectations of $3.97 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.50% and a return on equity of 9.17%. PNC Financial Services Group, Inc. (The)’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, equities research analysts anticipate that PNC Financial Services Group, Inc. will post $8.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, October 16th. This represents a $3.00 annualized dividend and a yield of 2.21%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is currently 38.12%.

PNC Financial Services Group, Inc. (The) declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 28th that permits the company to repurchase $2.70 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 4.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

A number of research analysts have issued reports on the stock. J P Morgan Chase & Co restated an “overweight” rating and set a $139.50 price target (up previously from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a research note on Friday. Stephens lowered shares of PNC Financial Services Group, Inc. (The) from an “overweight” rating to an “equal weight” rating in a research note on Thursday. They noted that the move was a valuation call. Credit Suisse Group reaffirmed a “hold” rating and issued a $126.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Wednesday. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Wednesday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $127.75.

PNC Financial Services Group, Inc. (The) Company 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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