Jennison Associates LLC lessened its stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,869,771 shares of the financial services provider’s stock after selling 48,531 shares during the quarter. Jennison Associates LLC owned 0.39% of PNC Financial Services Group, Inc. (The) worth $251,989,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in PNC Financial Services Group, Inc. (The) by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 710 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in PNC Financial Services Group, Inc. (The) by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares during the last quarter. First Interstate Bank raised its position in PNC Financial Services Group, Inc. (The) by 34.0% during the first quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 243 shares in the last quarter. Atlantic Trust LLC bought a new stake in PNC Financial Services Group, Inc. (The) during the second quarter worth $129,000. Finally, Legacy Advisors LLC bought a new stake in PNC Financial Services Group, Inc. (The) during the third quarter worth $136,000. Institutional investors own 81.40% of the company’s stock.

PNC Financial Services Group, Inc. (PNC) traded up $0.36 on Friday, hitting $132.91. 671,289 shares of the stock were exchanged, compared to its average volume of 2,224,880. PNC Financial Services Group, Inc. has a one year low of $104.78 and a one year high of $139.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $63,419.52, a P/E ratio of 16.27, a P/E/G ratio of 1.78 and a beta of 0.91.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company posted $1.84 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. equities analysts predict that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were paid a $0.75 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.26%. PNC Financial Services Group, Inc. (The)’s payout ratio is currently 36.63%.

In related news, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,640 shares of company stock worth $1,729,952. 0.43% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on PNC shares. Zacks Investment Research raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Friday, July 28th. BidaskClub raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Rafferty Capital Markets raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Monday, July 17th. Deutsche Bank AG reissued a “buy” rating and issued a $130.00 price objective (up from $120.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Tuesday, July 25th. Finally, Robert W. Baird reissued a “buy” rating and issued a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, August 28th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. PNC Financial Services Group, Inc. (The) currently has a consensus rating of “Hold” and an average price target of $133.99.

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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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