Huntington National Bank reduced its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,560 shares of the financial services provider’s stock after selling 4,339 shares during the period. Huntington National Bank’s holdings in PNC Financial Services Group were worth $15,946,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC boosted its holdings in PNC Financial Services Group by 79.1% during the second quarter. Trustcore Financial Services LLC now owns 274 shares of the financial services provider’s stock worth $29,000 after buying an additional 121 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of PNC Financial Services Group in the first quarter valued at about $30,000. West Oak Capital LLC lifted its holdings in shares of PNC Financial Services Group by 198.0% in the second quarter. West Oak Capital LLC now owns 301 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Creative Financial Designs Inc. ADV purchased a new stake in shares of PNC Financial Services Group in the second quarter valued at about $38,000. Finally, Tarbox Family Office Inc. lifted its holdings in shares of PNC Financial Services Group by 73.5% in the second quarter. Tarbox Family Office Inc. now owns 366 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 155 shares in the last quarter. 80.49% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on PNC. Stephens raised shares of PNC Financial Services Group from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 12th. Nomura Securities raised shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.00 to $114.00 in a report on Thursday, April 16th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of PNC Financial Services Group in a report on Wednesday, April 8th. Wolfe Research began coverage on shares of PNC Financial Services Group in a report on Friday. They issued an “underperform” rating on the stock. Finally, UBS Group downgraded shares of PNC Financial Services Group from a “neutral” rating to a “sell” rating and set a $88.00 price target on the stock. in a report on Monday, May 4th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $124.21.

PNC stock traded up $0.40 on Friday, hitting $106.67. 2,082,383 shares of the company were exchanged, compared to its average volume of 2,607,720. PNC Financial Services Group Inc has a twelve month low of $79.41 and a twelve month high of $161.79. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.88 and a quick ratio of 0.87. The business’s fifty day moving average is $105.18 and its two-hundred day moving average is $116.06. The stock has a market capitalization of $45.09 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 4.14 and a beta of 1.29.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported ($1.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($2.78). PNC Financial Services Group had a return on equity of 5.78% and a net margin of 35.52%. The business had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $2.88 EPS. PNC Financial Services Group’s revenue was down 3.3% on a year-over-year basis. Equities research analysts expect that PNC Financial Services Group Inc will post 3.67 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Friday, July 17th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $4.60 annualized dividend and a dividend yield of 4.31%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 40.39%.

In other news, Director Richard J. Harshman bought 1,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $97.55 per share, for a total transaction of $97,550.00. Following the completion of the purchase, the director now owns 1,150 shares of the company’s stock, valued at $112,182.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

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

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