Creative Planning increased its stake in PNC Financial Services Group Inc (NYSE:PNC) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,255 shares of the financial services provider’s stock after purchasing an additional 390 shares during the quarter. Creative Planning’s holdings in PNC Financial Services Group were worth $4,241,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PNC. Vanguard Group Inc. grew its stake in 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 valued at $4,638,776,000 after buying an additional 209,303 shares in the last quarter. Nuveen Asset Management LLC grew its position in shares of PNC Financial Services Group by 39,296.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,683,480 shares of the financial services provider’s stock valued at $642,948,000 after purchasing an additional 4,671,592 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PNC Financial Services Group by 2.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,073,877 shares of the financial services provider’s stock valued at $284,702,000 after purchasing an additional 43,908 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in shares of PNC Financial Services Group by 13,808.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,885,933 shares of the financial services provider’s stock valued at $188,593,000 after purchasing an additional 1,872,373 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in shares of PNC Financial Services Group by 6.0% during the 2nd quarter. APG Asset Management N.V. now owns 1,743,614 shares of the financial services provider’s stock valued at $210,189,000 after purchasing an additional 99,100 shares in the last quarter. 80.68% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on PNC. Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $147.00 price target for the company. in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of PNC Financial Services Group from $147.50 to $155.50 and gave the company an “overweight” rating in a research report on Monday. Morgan Stanley boosted their price target on shares of PNC Financial Services Group from $141.00 to $157.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group boosted their price target on shares of PNC Financial Services Group from $142.00 to $146.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Robert W. Baird set a $141.00 price target on shares of PNC Financial Services Group and gave the company a “buy” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $146.20.

NYSE:PNC traded down $0.38 during midday trading on Friday, hitting $152.69. The company had a trading volume of 310,128 shares, compared to its average volume of 1,544,125. PNC Financial Services Group Inc has a 52-week low of $108.45 and a 52-week high of $154.75. The stock’s fifty day moving average price is $143.15 and its 200-day moving average price is $136.38. The company has a market capitalization of $67.25 billion, a PE ratio of 14.26, a P/E/G ratio of 1.83 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.10.

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. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.41 billion. PNC Financial Services Group had a net margin of 24.96% and a return on equity of 10.94%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 earnings per share. As a group, research analysts forecast that PNC Financial Services Group Inc will post 11.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Thursday, October 17th were paid a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, October 16th. PNC Financial Services Group’s dividend payout ratio is presently 42.95%.

In other PNC Financial Services Group news, CEO William S. Demchak sold 17,132 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $135.11, for a total value of $2,314,704.52. Following the completion of the sale, the chief executive officer now directly owns 507,979 shares of the company’s stock, valued at $68,633,042.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles E. Bunch purchased 1,000 shares of the stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $124.38 per share, with a total value of $124,380.00. Following the completion of the purchase, the director now directly owns 3,781 shares of the company’s stock, valued at $470,280.78. The disclosure for this purchase can be found here. Insiders own 0.37% of the company’s stock.

About PNC Financial Services Group

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

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