Duncker Streett & Co. Inc. Has $107,000 Position in PNC Financial Services Group, Inc. (The) (PNC)

Duncker Streett & Co. Inc. held its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 855 shares of the financial services provider’s stock at the end of the second quarter. Duncker Streett & Co. Inc.’s holdings in PNC Financial Services Group, Inc. (The) were worth $107,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Gierl Augustine Investment Management Inc increased its stake in shares of PNC Financial Services Group, Inc. (The) by 11.2% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,569 shares of the financial services provider’s stock valued at $309,000 after buying an additional 259 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in shares of PNC Financial Services Group, Inc. (The) by 6.5% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 3,100 shares of the financial services provider’s stock valued at $373,000 after buying an additional 188 shares in the last quarter. VNBTrust National Association increased its stake in shares of PNC Financial Services Group, Inc. (The) by 0.6% in the first quarter. VNBTrust National Association now owns 2,486 shares of the financial services provider’s stock valued at $299,000 after buying an additional 15 shares in the last quarter. Laurel Grove Capital LLC increased its stake in shares of PNC Financial Services Group, Inc. (The) by 46.8% in the first quarter. Laurel Grove Capital LLC now owns 15,050 shares of the financial services provider’s stock valued at $1,810,000 after buying an additional 4,800 shares in the last quarter. Finally, Pennsylvania Trust Co increased its stake in shares of PNC Financial Services Group, Inc. (The) by 4.2% in the first quarter. Pennsylvania Trust Co now owns 34,750 shares of the financial services provider’s stock valued at $4,178,000 after buying an additional 1,400 shares in the last quarter. 81.64% of the stock is owned by hedge funds and other institutional investors.

Shares of PNC Financial Services Group, Inc. (PNC) traded up 1.27% on Friday, hitting $132.17. The stock had a trading volume of 2,399,614 shares. PNC Financial Services Group, Inc. has a 12-month low of $82.17 and a 12-month high of $132.67. The company’s 50-day moving average price is $125.42 and its 200 day moving average price is $122.60. The firm has a market cap of $63.44 billion, a P/E ratio of 16.82 and a beta of 0.93.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, July 14th. The financial services provider reported $2.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The business had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.97 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.17% and a net margin of 24.50%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that PNC Financial Services Group, Inc. will post $8.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 7th. Stockholders of record on Monday, July 17th will be issued a $0.75 dividend. This is a positive change from PNC Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, July 13th. This represents a $3.00 annualized dividend and a dividend yield of 2.27%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is 38.12%.

PNC Financial Services Group, Inc. (The) announced that its Board of Directors has authorized a stock buyback plan on Wednesday, June 28th that permits the company to repurchase $2.70 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

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Several brokerages recently weighed in on PNC. Zacks Investment Research downgraded PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday. Deutsche Bank AG reaffirmed a “buy” rating and set a $130.00 price target (up from $120.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Tuesday, July 25th. Instinet reaffirmed a “neutral” rating and set a $126.00 price target on shares of PNC Financial Services Group, Inc. (The) in a report on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $127.00 price target (up from $121.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $122.75.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $128.31, for a total value of $641,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Hannon sold 24,111 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $126.45, for a total value of $3,048,835.95. Following the completion of the sale, the insider now owns 83,931 shares of the company’s stock, valued at approximately $10,613,074.95. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

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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