Pinebridge Investments L.P. increased its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 0.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 258,114 shares of the financial services provider’s stock after buying an additional 1,637 shares during the quarter. PNC Financial Services Group comprises 0.8% of Pinebridge Investments L.P.’s investment portfolio, making the stock its 19th biggest holding. Pinebridge Investments L.P. owned about 0.05% of PNC Financial Services Group worth $34,786,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in PNC Financial Services Group by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 4 shares during the period. Hudock Capital Group LLC lifted its position in PNC Financial Services Group by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,692 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 11 shares during the period. Telemus Capital LLC lifted its position in PNC Financial Services Group by 0.3% during the 2nd quarter. Telemus Capital LLC now owns 4,981 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 16 shares during the period. Green Square Capital LLC lifted its position in PNC Financial Services Group by 0.4% during the 1st quarter. Green Square Capital LLC now owns 4,129 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 18 shares during the period. Finally, Abner Herrman & Brock LLC lifted its position in PNC Financial Services Group by 0.7% during the 2nd quarter. Abner Herrman & Brock LLC now owns 2,899 shares of the financial services provider’s stock worth $362,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

PNC has been the subject of a number of recent research reports. Robert W. Baird reaffirmed a “buy” rating and set a $135.00 price objective on shares of PNC Financial Services Group in a research report on Monday, August 28th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $134.00 price objective on shares of PNC Financial Services Group in a research report on Sunday, August 27th. Nomura increased their price objective on PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Wells Fargo & Company set a $135.00 price objective on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Thursday, October 19th. Sixteen analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $135.93.

In related news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group 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 transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Insiders sold a total of 37,640 shares of company stock valued at $5,196,952 over the last three months. Insiders own 0.43% of the company’s stock.

PNC Financial Services Group, Inc. (NYSE PNC) traded up $0.49 on Friday, hitting $141.00. The stock had a trading volume of 2,580,000 shares, compared to its average volume of 1,615,569. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $67,087.94, a PE ratio of 17.22, a P/E/G ratio of 1.88 and a beta of 0.90. PNC Financial Services Group, Inc. has a 1-year low of $110.68 and a 1-year high of $143.16.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.84 EPS. sell-side analysts expect that PNC Financial Services Group, Inc. will post 8.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Stockholders of record on Tuesday, October 17th were issued a $0.75 dividend. The ex-dividend date was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.13%. PNC Financial Services Group’s dividend payout ratio is currently 36.63%.

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PNC Financial Services Group 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 (NYSE:PNC)

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