PNC Financial Services Group, Inc. (The) (PNC) Position Boosted by FDx Advisors Inc.

FDx Advisors Inc. boosted its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 10.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,372 shares of the financial services provider’s stock after acquiring an additional 1,218 shares during the period. FDx Advisors Inc.’s holdings in PNC Financial Services Group, Inc. (The) were worth $1,667,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in PNC Financial Services Group, Inc. (The) by 1.8% during the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock valued at $4,065,151,000 after acquiring an additional 589,235 shares in the last quarter. BlackRock Inc. grew its stake in PNC Financial Services Group, Inc. (The) by 1.3% during the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock valued at $3,430,820,000 after acquiring an additional 341,222 shares in the last quarter. FMR LLC grew its stake in PNC Financial Services Group, Inc. (The) by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock valued at $1,957,539,000 after acquiring an additional 1,915,923 shares in the last quarter. JPMorgan Chase & Co. grew its stake in PNC Financial Services Group, Inc. (The) by 7.4% during the second quarter. JPMorgan Chase & Co. now owns 12,752,413 shares of the financial services provider’s stock valued at $1,592,394,000 after acquiring an additional 875,164 shares in the last quarter. Finally, Capital World Investors grew its stake in PNC Financial Services Group, Inc. (The) by 6.9% during the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock valued at $1,262,761,000 after acquiring an additional 654,997 shares in the last quarter. 81.19% of the stock is owned by institutional investors.

In other PNC Financial Services Group, Inc. (The) news, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total transaction of $675,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,640 shares of company stock worth $1,729,952. 0.43% of the stock is owned by insiders.

PNC Financial Services Group, Inc. (PNC) opened at $132.23 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. PNC Financial Services Group, Inc. has a one year low of $105.47 and a one year high of $139.23. The company has a market cap of $63,034.13, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.77 and a beta of 0.91.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, topping the consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. analysts anticipate that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.63%.

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PNC has been the subject of several recent analyst reports. 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 Tuesday, September 12th. UBS AG boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Wells Fargo & Company set a $135.00 price objective on shares of PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, October 19th. Royal Bank Of Canada boosted their price objective on shares of PNC Financial Services Group, Inc. (The) from $130.00 to $145.00 and gave the company a “top pick” rating in a research note on Monday, October 16th. Finally, BidaskClub cut shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $133.99.

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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