Rehmann Capital Advisory Group cut its holdings in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,629 shares of the financial services provider’s stock after selling 409 shares during the period. Rehmann Capital Advisory Group’s holdings in PNC Financial Services Group, Inc. (The) were worth $220,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Midwest Bank Trust Division raised its holdings in PNC Financial Services Group, Inc. (The) by 8.3% in the 3rd quarter. First Midwest Bank Trust Division now owns 22,865 shares of the financial services provider’s stock valued at $3,082,000 after acquiring an additional 1,758 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 145,889 shares of the financial services provider’s stock valued at $19,661,000 after buying an additional 371 shares during the period. Korea Investment CORP grew its stake in shares of PNC Financial Services Group, Inc. (The) by 6.6% during the 3rd quarter. Korea Investment CORP now owns 501,720 shares of the financial services provider’s stock valued at $67,617,000 after buying an additional 30,950 shares during the period. Aperio Group LLC grew its stake in shares of PNC Financial Services Group, Inc. (The) by 7.1% during the 3rd quarter. Aperio Group LLC now owns 278,168 shares of the financial services provider’s stock valued at $37,489,000 after buying an additional 18,518 shares during the period. Finally, TIAA FSB grew its stake in shares of PNC Financial Services Group, Inc. (The) by 5.4% during the 3rd quarter. TIAA FSB now owns 28,374 shares of the financial services provider’s stock valued at $3,824,000 after buying an additional 1,464 shares during the period. Institutional investors own 80.79% of the company’s stock.

PNC has been the subject of several research reports. Zacks Investment Research cut shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. UBS AG upped their price target on shares of PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, October 16th. Wells Fargo & Company set a $135.00 price target on shares of PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research report on Thursday, October 19th. Royal Bank Of Canada upped their price target on shares of PNC Financial Services Group, Inc. (The) from $130.00 to $145.00 and gave the stock a “top pick” rating in a research report on Monday, October 16th. Finally, BidaskClub cut shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.85.

PNC Financial Services Group, Inc. (PNC) traded up 0.37% on Tuesday, hitting $137.67. 151,670 shares of the stock traded hands. The stock has a market cap of $65.53 billion, a P/E ratio of 16.83 and a beta of 0.95. The stock has a 50-day moving average price of $133.81 and a 200 day moving average price of $126.62. PNC Financial Services Group, Inc. has a 12-month low of $94.30 and a 12-month high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that PNC Financial Services Group, Inc. will post $8.43 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is presently 36.63%.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.43% of the company’s stock.

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PNC Financial Services Group, Inc. (The) Company 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, Inc. (The) (NYSE:PNC)

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