Madison Investment Holdings Inc. reduced its stake in PNC Financial Services Group Inc (NYSE:PNC) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,140 shares of the financial services provider’s stock after selling 7,066 shares during the quarter. Madison Investment Holdings Inc.’s holdings in PNC Financial Services Group were worth $26,973,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in PNC Financial Services Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock valued at $4,065,151,000 after buying an additional 589,235 shares during the period. BlackRock Inc. lifted its stake in PNC Financial Services Group by 1.3% in the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after buying an additional 341,222 shares during the period. FMR LLC lifted its stake in PNC Financial Services Group by 13.9% in the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after buying an additional 1,915,923 shares during the period. JPMorgan Chase & Co. lifted its stake in PNC Financial Services Group by 7.4% in the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after buying an additional 875,164 shares during the period. Finally, Capital World Investors lifted its stake in PNC Financial Services Group by 6.9% in the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after buying an additional 654,997 shares during the period. 81.57% of the stock is currently owned by institutional investors.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the company’s 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider E William Parsley III sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The disclosure for this sale can be found here. Insiders have sold 42,640 shares of company stock worth $5,901,852 over the last ninety days. 0.43% of the stock is owned by insiders.

PNC has been the topic of several recent analyst reports. Robert W. Baird reissued a “buy” rating and issued a $135.00 price target on shares of PNC Financial Services Group in a research note 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 target on the stock in a research note on Tuesday, September 5th. Piper Jaffray Companies reissued a “buy” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a research note on Sunday, August 27th. Nomura boosted their price target on PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 23rd. Finally, Wells Fargo & Company set a $135.00 price target on PNC Financial Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Sixteen research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $136.13.

Shares of PNC Financial Services Group Inc (NYSE:PNC) traded up $0.38 during trading hours on Monday, hitting $143.80. The stock had a trading volume of 1,617,000 shares, compared to its average volume of 2,191,410. 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 one year low of $112.61 and a one year high of $145.66. The firm has a market capitalization of $68,420.00, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90.

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

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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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