Thompson Investment Management Inc. reduced its holdings in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,431 shares of the financial services provider’s stock after selling 578 shares during the quarter. Thompson Investment Management Inc.’s holdings in PNC Financial Services Group, Inc. (The) were worth $4,505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its holdings in shares of 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 valued at $100,000 after acquiring an additional 710 shares during the period. Tower Research Capital LLC TRC raised its stake in PNC Financial Services Group, Inc. (The) by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 91 shares during the last quarter. First Interstate Bank raised its stake in shares of PNC Financial Services Group, Inc. (The) by 2.6% in the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after buying an additional 25 shares in the last quarter. Atlantic Trust LLC bought a new stake in PNC Financial Services Group, Inc. (The) during the 2nd quarter worth about $129,000. Finally, Legacy Advisors LLC bought a new position in shares of PNC Financial Services Group, Inc. (The) in the 3rd quarter valued at about $136,000. Institutional investors and hedge funds own 81.19% of the company’s stock.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded up $0.90 during trading hours on Thursday, reaching $132.90. The company’s stock had a trading volume of 1,923,000 shares, compared to its average volume of 2,231,896. The company has a market cap of $63,460.00, a P/E ratio of 16.12, a PEG ratio of 1.76 and a beta of 0.91. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. PNC Financial Services Group, Inc. has a 52-week low of $106.97 and a 52-week high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.03. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 EPS. sell-side analysts forecast that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were paid a dividend of $0.75 per share. The ex-dividend date was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.26%. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.54%.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Tuesday, September 5th. Piper Jaffray Companies reissued a “buy” rating and set a $134.00 target price on shares of PNC Financial Services Group, Inc. (The) in a report on Sunday, August 27th. Robert W. Baird reaffirmed a “buy” rating and issued a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, August 28th. BidaskClub upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG restated a “buy” rating and set a $130.00 price target (up from $120.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Tuesday, July 25th. Sixteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. PNC Financial Services Group, Inc. (The) presently has a consensus rating of “Hold” and a consensus target price of $135.93.

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In other PNC Financial Services Group, Inc. (The) news, insider Orlando C. Esposito sold 4,505 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $138.85, for a total value of $625,519.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold a total of 12,640 shares of company stock valued at $1,729,952 in the last quarter. 0.43% of the stock is owned by corporate insiders.

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.

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

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