Livforsakringsbolaget Skandia Omsesidigt increased its stake in PNC Financial Services Group Inc (NYSE:PNC) by 9.6% in the 1st quarter, HoldingsChannel reports. The fund owned 4,556 shares of the financial services provider’s stock after buying an additional 400 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PNC Financial Services Group were worth $559,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PNC Financial Services Group during the first quarter valued at about $25,000. Field & Main Bank purchased a new stake in PNC Financial Services Group during the first quarter valued at about $25,000. Penserra Capital Management LLC purchased a new stake in PNC Financial Services Group during the first quarter valued at about $25,000. Executive Wealth Management LLC purchased a new stake in PNC Financial Services Group during the fourth quarter valued at about $29,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in PNC Financial Services Group during the fourth quarter valued at about $36,000. Institutional investors own 80.75% of the company’s stock.

In related news, insider Joseph E. Rockey sold 6,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $135.00, for a total value of $810,000.00. Following the completion of the transaction, the insider now directly owns 24,747 shares of the company’s stock, valued at $3,340,845. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by corporate insiders.

Several analysts have issued reports on PNC shares. Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Morgan Stanley upped their price target on shares of PNC Financial Services Group from $138.00 to $142.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Deutsche Bank downgraded shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $123.89 price objective for the company. in a research note on Friday, January 25th. Macquarie raised shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 6th. Finally, Barclays upped their price objective on shares of PNC Financial Services Group from $156.00 to $157.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $143.63.

Shares of NYSE:PNC opened at $131.06 on Friday. The stock has a market cap of $59.63 billion, a PE ratio of 12.22, a PEG ratio of 1.54 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.23. PNC Financial Services Group Inc has a 12 month low of $108.45 and a 12 month high of $149.62.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 EPS for the quarter, meeting the consensus estimate of $2.61. The firm had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.24 billion. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. During the same period in the prior year, the firm posted $2.43 earnings per share. On average, equities analysts anticipate that PNC Financial Services Group Inc will post 11.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, May 5th. Stockholders of record on Tuesday, April 16th were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Monday, April 15th. PNC Financial Services Group’s dividend payout ratio (DPR) is 35.48%.

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PNC Financial Services Group Company 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.

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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)

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