Axa raised its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 337,039 shares of the financial services provider’s stock after purchasing an additional 6,903 shares during the quarter. Axa owned about 0.07% of PNC Financial Services Group worth $45,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of PNC Financial Services Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after acquiring an additional 589,235 shares in the last quarter. BlackRock Inc. boosted its stake in shares of PNC Financial Services Group by 1.3% during the 2nd quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock worth $3,430,820,000 after acquiring an additional 341,222 shares in the last quarter. FMR LLC boosted its stake in shares of PNC Financial Services Group by 13.9% during the 2nd quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after acquiring an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 875,164 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of 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 purchasing an additional 654,997 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Shares of PNC Financial Services Group Inc (PNC) traded up $1.98 during trading hours on Friday, hitting $144.95. The company had a trading volume of 3,397,460 shares, compared to its average volume of 1,639,671. 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 twelve month low of $113.66 and a twelve month high of $146.24. The stock has a market capitalization of $68,025.28, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90.

PNC Financial Services Group (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 had a return on equity of 9.29% and a net margin of 24.61%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the company earned $1.84 earnings per share. PNC Financial Services Group’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that PNC Financial Services Group Inc will post 8.44 earnings per share for the current fiscal year.

In related news, insider E William Parsley III sold 25,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total transaction of $3,467,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen L. Larrimer sold 3,135 shares of the 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 owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,947 shares of company stock valued at $12,543,665. 0.43% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the company. Piper Jaffray Companies restated a “buy” rating and issued a $151.00 target price on shares of PNC Financial Services Group in a report on Monday, December 4th. J P Morgan Chase & Co increased their target price on PNC Financial Services Group from $139.50 to $140.50 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a report on Tuesday, October 31st. Nomura increased their target price on PNC Financial Services Group from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Finally, Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a report on Thursday, October 19th. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $136.13.

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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.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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