Barings LLC trimmed its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 80,406 shares of the financial services provider’s stock after selling 1,733 shares during the quarter. Barings LLC’s holdings in PNC Financial Services Group were worth $11,602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PNC. Gotham Asset Management LLC bought a new stake in PNC Financial Services Group in the 2nd quarter worth about $690,000. Scotia Capital Inc. purchased a new position in PNC Financial Services Group in the second quarter worth about $224,000. Ameritas Investment Partners Inc. boosted its position in PNC Financial Services Group by 8.2% in the second quarter. Ameritas Investment Partners Inc. now owns 44,610 shares of the financial services provider’s stock worth $5,570,000 after purchasing an additional 3,367 shares during the last quarter. BB&T Investment Services Inc. purchased a new position in PNC Financial Services Group in the second quarter worth about $478,000. Finally, Sterling Capital Management LLC boosted its position in PNC Financial Services Group by 1.3% in the second quarter. Sterling Capital Management LLC now owns 118,774 shares of the financial services provider’s stock worth $14,831,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

PNC Financial Services Group Inc (PNC) opened at $153.29 on Wednesday. PNC Financial Services Group Inc has a 12-month low of $115.25 and a 12-month high of $160.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market capitalization of $72,940.00, a PE ratio of 14.70, a PEG ratio of 1.42 and a beta of 0.93.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping the Zacks’ 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 company had revenue of $4.26 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm earned $1.97 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. sell-side analysts predict that PNC Financial Services Group Inc will post 10.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Wednesday, January 17th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.96%. PNC Financial Services Group’s dividend payout ratio is presently 28.76%.

In related news, insider Robert Q. Reilly sold 19,576 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $145.51, for a total value of $2,848,503.76. Following the transaction, the insider now directly owns 103,299 shares of the company’s stock, valued at approximately $15,031,037.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Hannon sold 8,011 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares in the company, valued at $9,070,044. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,894 shares of company stock worth $14,897,513. 0.43% of the stock is owned by insiders.

PNC has been the topic of several research reports. Royal Bank of Canada raised their target price on PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research report on Friday, January 12th. Piper Jaffray Companies reissued a “buy” rating and issued a $151.00 target price on shares of PNC Financial Services Group in a research report on Monday, December 4th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Tuesday, October 31st. Goldman Sachs Group cut PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Argus raised their target price on PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $145.98.

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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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