2 weeks Ago By ABMN Staff
Marathon Capital Management grew its position in shares of The PNC Financial Services Group, Inc. ( NYSE:PNC – Free Report ) by 5.8% in the 2nd quarter, HoldingsChannel reports.
The fund owned 3,491 shares of the financial services provider’s stock after buying an additional 190 shares during the period. Marathon Capital Management’s holdings in The PNC Financial Services Group were worth $543,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of PNC.
Capital International Investors increased its holdings in shares of The PNC Financial Services Group by 14.4% during the fourth quarter. Capital International Investors now owns 15,739,631 shares of the financial services provider’s stock valued at $2,437,361,000 after acquiring an additional 1,978,854 shares in the last quarter.
Capital Research Global Investors increased its holdings in shares of The PNC Financial Services Group by 19.5% during the fourth quarter. Capital Research Global Investors now owns 4,766,157 shares of the financial services provider’s stock valued at $738,039,000 after acquiring an additional 778,264 shares in the last quarter.
Public Employees Retirement Association of Colorado increased its holdings in shares of The PNC Financial Services Group by 4,040.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 406,058 shares of the financial services provider’s stock valued at $62,878,000 after acquiring an additional 396,252 shares in the last quarter.
Jennison Associates LLC increased its holdings in shares of The PNC Financial Services Group by 38.4% during the first quarter. Jennison Associates LLC now owns 1,051,307 shares of the financial services provider’s stock valued at $169,891,000 after acquiring an additional 291,769 shares in the last quarter.
Finally, Hsbc Holdings PLC increased its holdings in shares of The PNC Financial Services Group by 24.1% during the second quarter. Hsbc Holdings PLC now owns 1,351,548 shares of the financial services provider’s stock valued at $209,962,000 after acquiring an additional 262,654 shares in the last quarter.
Institutional investors own 83.53% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts recently issued reports on the company.
Royal Bank of Canada upped their price target on The PNC Financial Services Group from $155.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th.
Compass Point downgraded The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price target on The PNC Financial Services Group from $162.00 to $164.
00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. UBS Group upped their price target on The PNC Financial Services Group from $179.00 to $198.
00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Morgan Stanley upped their price target on The PNC Financial Services Group from $165.00 to $177.
00 and gave the stock an “underweight” rating in a report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $176.
90. The PNC Financial Services Group Stock Up 0.9 % PNC stock opened at $183.
33 on Friday. The stock’s fifty day simple moving average is $177.77 and its two-hundred day simple moving average is $163.
79. The company has a current ratio of 0.83, a quick ratio of 0.
82 and a debt-to-equity ratio of 1.36. The PNC Financial Services Group, Inc.
has a 1-year low of $109.40 and a 1-year high of $187.78.
The stock has a market cap of $72.95 billion, a P/E ratio of 15.39, a P/E/G ratio of 2.
03 and a beta of 1.14. The PNC Financial Services Group ( NYSE:PNC – Get Free Report ) last issued its quarterly earnings results on Tuesday, July 16th.
The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.
30. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.
53%. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.
40 billion. During the same quarter in the prior year, the firm earned $3.36 EPS.
The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts expect that The PNC Financial Services Group, Inc.
will post 13.14 EPS for the current year. The PNC Financial Services Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, August 5th.
Investors of record on Monday, July 15th were issued a dividend of $1.60 per share. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.
55. The ex-dividend date was Monday, July 15th. This represents a $6.
40 dividend on an annualized basis and a yield of 3.49%. The PNC Financial Services Group’s dividend payout ratio is 53.
74%. Insider Buying and Selling In related news, CEO William S. Demchak sold 641 shares of the stock in a transaction dated Friday, July 5th.
The stock was sold at an average price of $158.10, for a total transaction of $101,342.10.
Following the sale, the chief executive officer now owns 567,041 shares of the company’s stock, valued at approximately $89,649,182.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
In related news, CEO William S. Demchak sold 641 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $158.
10, for a total transaction of $101,342.10. Following the sale, the chief executive officer now owns 567,041 shares of the company’s stock, valued at approximately $89,649,182.
10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO William S.
Demchak sold 1,242 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $186.45, for a total value of $231,570.
90. Following the sale, the chief executive officer now directly owns 550,975 shares in the company, valued at approximately $102,729,288.75.
The disclosure for this sale can be found here . In the last quarter, insiders have sold 25,223 shares of company stock valued at $4,453,360. Corporate insiders own 0.
42% of the company’s stock. The PNC Financial Services Group Company Profile ( Free Report ) The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments.
The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. See Also Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc.
( NYSE:PNC – Free Report ). Receive News & Ratings for The PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter .
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