PNC Financial Services Group, Inc. (The) (PNC) Stake Boosted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY raised its holdings in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 54.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,210 shares of the company’s stock after purchasing an additional 1,840 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in PNC Financial Services Group, Inc. (The) were worth $702,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PNC. BlackRock Inc. increased its position in shares of PNC Financial Services Group, Inc. (The) by 2,833.1% during the first quarter. BlackRock Inc. now owns 27,133,914 shares of the company’s stock worth $3,262,582,000 after purchasing an additional 26,208,815 shares in the last quarter. FMR LLC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 19.4% during the first quarter. FMR LLC now owns 13,760,691 shares of the company’s stock valued at $1,654,586,000 after buying an additional 2,239,716 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 240.4% during the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the company’s stock valued at $298,281,000 after buying an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 2,624.0% during the second quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the company’s stock valued at $213,239,000 after buying an additional 1,645,007 shares during the last quarter. Finally, Koch Industries Inc. grew its holdings in shares of PNC Financial Services Group, Inc. (The) by 78,828.1% during the second quarter. Koch Industries Inc. now owns 1,350,459 shares of the company’s stock valued at $1,340,000 after buying an additional 1,348,748 shares during the last quarter. 81.19% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on PNC. Zacks Investment Research lowered shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Nomura boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. J P Morgan Chase & Co boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $139.50 to $140.50 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Citigroup Inc. reissued a “neutral” rating and set a $144.00 price objective (up from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 9th. Finally, Instinet reissued a “neutral” rating and set a $132.00 price objective (up from $129.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) has a consensus rating of “Hold” and an average target price of C$133.99.

In related news, insider Karen L. Larrimer sold 3,135 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of C$136.98, for a total transaction of C$429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares in the company, valued at approximately C$2,801,104.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$138.85, for a total transaction of C$625,519.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,640 shares of company stock valued at $1,729,952. Insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group, Inc. (NYSE PNC) traded down C$0.07 during trading on Monday, hitting C$132.48. 1,925,400 shares of the company’s stock were exchanged, compared to its average volume of 2,233,387. The firm has a market capitalization of $63,034.13, a P/E ratio of 16.18, a P/E/G ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a 1-year low of C$104.78 and a 1-year high of C$139.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The company reported C$2.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$2.13 by C$0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of C$4.13 billion during the quarter, compared to the consensus estimate of C$4.09 billion. During the same quarter in the prior year, the firm posted $1.84 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts expect that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.26%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is presently 36.63%.

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About PNC Financial Services Group, Inc. (The)

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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