Chevy Chase Trust Holdings Inc. decreased its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 449,221 shares of the financial services provider’s stock after selling 646 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.09% of PNC Financial Services Group worth $60,541,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PNC. FMR LLC lifted its holdings in shares of PNC Financial Services Group by 13.9% in the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of PNC Financial Services Group by 240.4% in 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 acquiring an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of PNC Financial Services Group by 2,624.0% in the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock valued at $213,239,000 after acquiring an additional 1,645,007 shares during the last quarter. Koch Industries Inc. lifted its holdings in shares of PNC Financial Services Group by 78,828.1% in the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock valued at $1,340,000 after acquiring an additional 1,348,748 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PNC Financial Services Group by 7.4% in 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 acquiring an additional 875,164 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have issued reports on PNC. BidaskClub downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reissued a “buy” rating on shares of PNC Financial Services Group in a research note on Monday, October 16th. Credit Suisse Group raised their price objective on shares of PNC Financial Services Group from $135.00 to $137.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Tuesday, October 31st. Finally, Instinet reissued a “neutral” rating and issued a $132.00 price objective (up previously from $129.00) on shares of PNC Financial Services Group in a research note on Saturday, September 30th. Sixteen research 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. The company presently has an average rating of “Hold” and an average price target of $136.13.

Shares of PNC Financial Services Group Inc (NYSE:PNC) traded up $0.41 during mid-day trading on Friday, reaching $143.42. 1,420,700 shares of the company traded hands, compared to its average volume of 2,193,844. The stock has a market capitalization of $68,240.00, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. PNC Financial Services Group Inc has a 12 month low of $112.61 and a 12 month high of $145.66.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group had a net margin of 24.61% and a return on equity of 9.29%. PNC Financial Services Group’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.84 earnings per share. analysts anticipate that PNC Financial Services Group Inc will post 8.44 EPS for the current fiscal year.

In related news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the transaction, the insider now directly owns 20,449 shares in the company, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,640 shares of company stock worth $5,901,852. 0.43% of the stock is currently owned by corporate insiders.

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About PNC Financial Services Group

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 (NYSE:PNC)

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