Fjarde AP Fonden Fourth Swedish National Pension Fund Has $15.52 Million Position in PNC Financial Services Group, Inc. (The) (PNC)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,164 shares of the financial services provider’s stock after selling 1,699 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in PNC Financial Services Group, Inc. (The) were worth $15,521,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after buying an additional 710 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 12.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after buying an additional 91 shares during the period. First Interstate Bank boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 2.6% during the 2nd quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock worth $123,000 after buying an additional 25 shares during the period. Atlantic Trust LLC bought a new stake in shares of PNC Financial Services Group, Inc. (The) during the 2nd quarter worth about $129,000. Finally, Legacy Advisors LLC bought a new stake in shares of PNC Financial Services Group, Inc. (The) during the 3rd quarter worth about $136,000. 81.19% of the stock is owned by institutional investors and hedge funds.

PNC Financial Services Group, Inc. (NYSE PNC) traded down $0.23 on Wednesday, reaching $132.00. 2,293,800 shares of the company traded hands, compared to its average volume of 2,233,301. The company has a market capitalization of $62,915.18, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.77 and a beta of 0.91. 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. has a one year low of $105.47 and a one year high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.13 by $0.03. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. equities analysts predict that PNC Financial Services Group, Inc. will post 8.43 EPS for the current 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 was Monday, October 16th. This represents a $3.00 annualized dividend and a yield of 2.27%. PNC Financial Services Group, Inc. (The)’s payout ratio is currently 36.63%.

In other PNC Financial Services Group, Inc. (The) news, insider Orlando C. Esposito sold 4,505 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Karen L. Larrimer sold 3,135 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares of the company’s stock, valued at $2,801,104.02. 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. 0.43% of the stock is owned by company insiders.

Several analysts have weighed in on the stock. 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 Monday, October 30th. Nomura lifted their price objective on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. J P Morgan Chase & Co lifted their price objective on shares of PNC Financial Services Group, Inc. (The) from $139.50 to $140.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Citigroup Inc. reiterated a “neutral” rating and issued a $144.00 price objective (up previously from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, October 9th. Finally, Instinet reiterated a “neutral” rating and issued a $132.00 price objective (up previously from $129.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. PNC Financial Services Group, Inc. (The) currently has an average rating of “Hold” and an average target price of $133.99.

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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.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

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