First Interstate Bank raised its position in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 63.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,604 shares of the financial services provider’s stock after purchasing an additional 622 shares during the period. First Interstate Bank’s holdings in PNC Financial Services Group, Inc. (The) were worth $216,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in shares of PNC Financial Services Group, Inc. (The) by 3.0% during the 1st quarter. Fifth Third Bancorp now owns 428,269 shares of the financial services provider’s stock worth $51,495,000 after acquiring an additional 12,324 shares during the period. Chartwell Investment Partners LLC lifted its holdings in shares of PNC Financial Services Group, Inc. (The) by 31.6% during the 1st quarter. Chartwell Investment Partners LLC now owns 81,055 shares of the financial services provider’s stock worth $9,746,000 after acquiring an additional 19,448 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,268,778 shares of the financial services provider’s stock worth $1,114,478,000 after acquiring an additional 59,832 shares during the period. Cleararc Capital Inc. lifted its holdings in shares of PNC Financial Services Group, Inc. (The) by 1.6% during the 1st quarter. Cleararc Capital Inc. now owns 12,122 shares of the financial services provider’s stock worth $1,458,000 after acquiring an additional 193 shares during the period. Finally, Banque Pictet & Cie SA lifted its holdings in shares of PNC Financial Services Group, Inc. (The) by 20.2% during the 1st quarter. Banque Pictet & Cie SA now owns 9,307 shares of the financial services provider’s stock worth $1,119,000 after acquiring an additional 1,564 shares during the period. Institutional investors own 80.22% of the company’s stock.

Several research analysts have recently weighed in on the stock. Nomura increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, August 11th. Robert W. Baird reiterated a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a report on Sunday, October 1st. Piper Jaffray Companies increased their price objective on shares of PNC Financial Services Group, Inc. (The) from $134.00 to $147.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 16th. Sixteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $135.93.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up $0.44 on Tuesday, reaching $133.29. The company had a trading volume of 1,402,700 shares, compared to its average volume of 2,218,986. PNC Financial Services Group, Inc. has a 52-week low of $109.16 and a 52-week high of $139.23. The company has a market capitalization of $63,210.00, a PE ratio of 16.22, a PEG ratio of 1.77 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. (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, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts predict that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.54%.

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

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About PNC Financial Services Group, Inc. (The)

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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