Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,260,762 shares of the financial services provider’s stock after selling 43,412 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.48% of PNC Financial Services Group worth $304,683,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in shares of PNC Financial Services Group 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 purchasing an additional 710 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of PNC Financial Services Group by 12.5% during the second 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 lifted its holdings in shares of PNC Financial Services Group by 2.6% during the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 25 shares during the last quarter. Atlantic Trust LLC purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at $129,000. Finally, Legacy Advisors LLC purchased a new stake in shares of PNC Financial Services Group during the third quarter valued at $136,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on PNC. Royal Bank of Canada reaffirmed a “buy” rating on shares of PNC Financial Services Group in a report on Monday, October 16th. Credit Suisse Group upped their target price on PNC Financial Services Group from $135.00 to $137.00 and gave the company a “neutral” rating in a report on Monday, October 16th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research report on Tuesday, October 31st. Instinet reissued a “neutral” rating and set a $132.00 price target (up from $129.00) on shares of PNC Financial Services Group in a research report on Saturday, September 30th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, October 4th. Sixteen research 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. PNC Financial Services Group has an average rating of “Hold” and an average price target of $136.13.

In other news, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,947 shares of company stock worth $12,543,665. Insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group Inc (NYSE:PNC) traded down $0.86 during mid-day trading on Friday, reaching $142.97. The company’s stock had a trading volume of 1,568,400 shares, compared to its average volume of 2,187,960. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. PNC Financial Services Group Inc has a 12 month low of $113.66 and a 12 month high of $146.24. The firm has a market cap of $68,434.47, a price-to-earnings ratio of 17.56, a P/E/G 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 the consensus estimate 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 posted $1.84 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group Inc will post 8.44 earnings per share for the current fiscal 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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