Vontobel Asset Management Inc. increased its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 0.1% during the fourth quarter, Holdings Channel reports. The fund owned 749,533 shares of the financial services provider’s stock after acquiring an additional 749 shares during the quarter. Vontobel Asset Management Inc.’s holdings in PNC Financial Services Group were worth $110,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of PNC. Tower Research Capital LLC TRC grew its holdings in PNC Financial Services Group by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares in the last quarter. Atlantic Trust LLC acquired a new position in PNC Financial Services Group in the 2nd quarter valued at $129,000. Legacy Advisors LLC acquired a new position in PNC Financial Services Group in the 3rd quarter valued at $136,000. Quadrant Capital Group LLC grew its holdings in PNC Financial Services Group by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after buying an additional 4 shares in the last quarter. Finally, Capital Guardian Trust Co. acquired a new position in PNC Financial Services Group in the 3rd quarter valued at $154,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

PNC Financial Services Group Inc (NYSE:PNC) traded up $0.35 during trading hours on Tuesday, hitting $151.84. The stock had a trading volume of 3,275,200 shares, compared to its average volume of 2,583,978. The company has a market cap of $72,530.00, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24. PNC Financial Services Group Inc has a 1 year low of $113.66 and a 1 year high of $153.50.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company earned $1.97 EPS. PNC Financial Services Group’s revenue for the quarter was up 10.0% on a year-over-year basis. analysts expect that PNC Financial Services Group Inc will post 9.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.98%. PNC Financial Services Group’s dividend payout ratio is currently 17.74%.

In related news, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $138.85, for a total transaction of $625,519.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Karen L. Larrimer sold 3,135 shares of the company’s 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 90 days, insiders have sold 108,523 shares of company stock valued at $15,392,168. 0.43% of the stock is owned by corporate insiders.

A number of research analysts have commented on the company. Wells Fargo & Co set a $157.00 price objective on PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday. Oppenheimer reaffirmed a “hold” rating on shares of PNC Financial Services Group in a report on Tuesday. 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 price objective 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. Finally, 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 research report on Tuesday, October 31st. Eighteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group currently has an average rating of “Hold” and an average target price of $142.73.

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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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