Boenning & Scattergood Inc. boosted its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 5.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,790 shares of the financial services provider’s stock after buying an additional 791 shares during the quarter. Boenning & Scattergood Inc.’s holdings in PNC Financial Services Group were worth $1,846,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in PNC Financial Services Group by 4.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,498,991 shares of the financial services provider’s stock worth $340,336,000 after purchasing an additional 97,625 shares in the last quarter. Capital International Investors raised its holdings in PNC Financial Services Group by 105.5% in the 3rd quarter. Capital International Investors now owns 2,332,232 shares of the financial services provider’s stock worth $317,627,000 after purchasing an additional 1,197,093 shares in the last quarter. Legal & General Group Plc raised its holdings in PNC Financial Services Group by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 2,193,219 shares of the financial services provider’s stock worth $298,726,000 after purchasing an additional 44,727 shares in the last quarter. Clearbridge Investments LLC raised its holdings in PNC Financial Services Group by 38.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,915,660 shares of the financial services provider’s stock worth $260,894,000 after purchasing an additional 527,145 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in PNC Financial Services Group by 11.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,680,920 shares of the financial services provider’s stock worth $228,924,000 after purchasing an additional 175,225 shares in the last quarter. Institutional investors own 79.33% of the company’s stock.

Shares of PNC Financial Services Group stock traded down $0.67 during trading on Tuesday, hitting $124.58. The company’s stock had a trading volume of 2,611,124 shares, compared to its average volume of 3,350,780. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $57.79 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 1.48 and a beta of 1.03. PNC Financial Services Group Inc has a 52 week low of $108.45 and a 52 week high of $163.59.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.04). The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.37 billion. PNC Financial Services Group had a return on equity of 11.23% and a net margin of 26.51%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share. On average, equities analysts anticipate that PNC Financial Services Group Inc will post 11.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 5th. Investors of record on Thursday, January 17th will be paid a $0.95 dividend. The ex-dividend date is Wednesday, January 16th. This represents a $3.80 annualized dividend and a dividend yield of 3.05%. PNC Financial Services Group’s payout ratio is 35.48%.

PNC Financial Services Group declared that its Board of Directors has initiated a stock buyback program on Thursday, November 8th that allows the company to repurchase $900.00 million in shares. This repurchase authorization allows the financial services provider to repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Several research analysts have commented on the stock. Credit Suisse Group restated a “hold” rating and issued a $146.00 price objective on shares of PNC Financial Services Group in a report on Thursday, January 17th. Royal Bank of Canada decreased their price objective on shares of PNC Financial Services Group to $150.00 and set an “average” rating for the company in a report on Thursday, January 17th. Bank of America lowered shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Morgan Stanley decreased their price objective on shares of PNC Financial Services Group from $147.00 to $135.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. Finally, Goldman Sachs Group lowered shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $154.00 to $144.00 in a report on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and an average target price of $147.25.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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