Heritage Investors Management Corp reduced its position in PNC Financial Services Group Inc (NYSE:PNC) by 14.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,413 shares of the financial services provider’s stock after selling 404 shares during the quarter. Heritage Investors Management Corp’s holdings in PNC Financial Services Group were worth $385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of PNC Financial Services Group by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 33,790,607 shares of the financial services provider’s stock worth $4,638,776,000 after purchasing an additional 209,303 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of PNC Financial Services Group by 39,296.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,683,480 shares of the financial services provider’s stock worth $642,948,000 after purchasing an additional 4,671,592 shares in the last quarter. Provident Trust Co. boosted its holdings in shares of PNC Financial Services Group by 4.6% in the 3rd quarter. Provident Trust Co. now owns 1,708,966 shares of the financial services provider’s stock worth $239,529,000 after purchasing an additional 74,487 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in shares of PNC Financial Services Group by 2.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,632,192 shares of the financial services provider’s stock worth $228,768,000 after purchasing an additional 38,426 shares in the last quarter. Finally, Prudential PLC boosted its holdings in shares of PNC Financial Services Group by 5.8% in the 2nd quarter. Prudential PLC now owns 1,312,101 shares of the financial services provider’s stock worth $180,062,000 after purchasing an additional 71,900 shares in the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

In other news, EVP Joseph E. Rockey sold 10,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the transaction, the executive vice president now owns 18,453 shares of the company’s stock, valued at approximately $2,675,685. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP E William Parsley III sold 20,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $152.20, for a total value of $3,044,000.00. Insiders sold a total of 184,623 shares of company stock valued at $28,044,817 in the last three months. Corporate insiders own 0.37% of the company’s stock.

Shares of NYSE:PNC opened at $159.88 on Wednesday. PNC Financial Services Group Inc has a 52-week low of $117.17 and a 52-week high of $161.79. The firm has a market capitalization of $70.60 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.62 and a beta of 1.15. The stock has a 50 day moving average price of $157.48 and a 200-day moving average price of $144.13. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.88.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.14. PNC Financial Services Group had a return on equity of 10.94% and a net margin of 24.96%. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the company earned $2.82 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that PNC Financial Services Group Inc will post 11.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th will be given a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, January 16th. PNC Financial Services Group’s dividend payout ratio is currently 42.95%.

PNC has been the subject of several analyst reports. Bank of America upgraded PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $144.00 to $178.00 in a report on Thursday, January 9th. Barclays restated a “hold” rating and set a $181.00 target price on shares of PNC Financial Services Group in a report on Tuesday, January 7th. Wells Fargo & Co upped their price target on PNC Financial Services Group from $134.00 to $147.00 and gave the company a “market perform” rating in a research report on Thursday, October 17th. ValuEngine lowered PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada lowered PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price target for the company. in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $153.91.

PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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.

Recommended Story: Profit Margin

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group Inc (NYSE:PNC).

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

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.