PNC Financial Services Group Inc (PNC) Position Lifted by Andra AP fonden

Andra AP fonden raised its position in PNC Financial Services Group Inc (NYSE:PNC) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,500 shares of the financial services provider’s stock after purchasing an additional 800 shares during the quarter. Andra AP fonden’s holdings in PNC Financial Services Group were worth $5,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PNC. Thrivent Financial for Lutherans raised its position in PNC Financial Services Group by 2.3% in the first quarter. Thrivent Financial for Lutherans now owns 19,857 shares of the financial services provider’s stock valued at $3,003,000 after purchasing an additional 454 shares during the period. Oppenheimer Asset Management Inc. raised its position in PNC Financial Services Group by 65.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,856 shares of the financial services provider’s stock valued at $2,096,000 after purchasing an additional 5,475 shares during the period. Norinchukin Bank The raised its position in PNC Financial Services Group by 2.7% in the first quarter. Norinchukin Bank The now owns 29,150 shares of the financial services provider’s stock valued at $4,409,000 after purchasing an additional 765 shares during the period. IFM Investors Pty Ltd raised its position in PNC Financial Services Group by 10.2% in the first quarter. IFM Investors Pty Ltd now owns 14,897 shares of the financial services provider’s stock valued at $2,253,000 after purchasing an additional 1,383 shares during the period. Finally, Schroder Investment Management Group raised its position in PNC Financial Services Group by 1,052.5% in the first quarter. Schroder Investment Management Group now owns 1,283,845 shares of the financial services provider’s stock valued at $194,169,000 after purchasing an additional 1,172,445 shares during the period. 79.78% of the stock is currently owned by institutional investors.

In other news, EVP Robert Q. Reilly sold 24,710 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $140.49, for a total transaction of $3,471,507.90. Following the sale, the executive vice president now owns 131,020 shares of the company’s stock, valued at $18,406,999.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Wyk Steven C. Van sold 15,000 shares of the company’s stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $141.09, for a total value of $2,116,350.00. The disclosure for this sale can be found here. Insiders have sold 58,957 shares of company stock worth $8,301,859 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Shares of NYSE PNC opened at $141.26 on Tuesday. The company has a market capitalization of $66.86 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.90 and a current ratio of 0.91. PNC Financial Services Group Inc has a 52-week low of $130.46 and a 52-week high of $163.59.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, July 13th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. PNC Financial Services Group had a return on equity of 10.33% and a net margin of 30.40%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.23 billion. analysts predict that PNC Financial Services Group Inc will post 10.72 earnings per share for the current fiscal year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, 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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