PNC Financial Services Group, Inc. (The) (PNC) Position Reduced by Vaughan David Investments Inc. IL

Vaughan David Investments Inc. IL decreased its position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,046 shares of the financial services provider’s stock after selling 3,326 shares during the period. Vaughan David Investments Inc. IL’s holdings in PNC Financial Services Group, Inc. (The) were worth $21,520,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% in the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after buying an additional 710 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 12.5% in the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares in the last quarter. First Interstate Bank increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 2.6% in the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after buying an additional 25 shares in the last quarter. Atlantic Trust LLC bought a new position in shares of PNC Financial Services Group, Inc. (The) in the second quarter valued at $129,000. Finally, Legacy Advisors LLC bought a new position in shares of PNC Financial Services Group, Inc. (The) in the third quarter valued at $136,000. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

PNC Financial Services Group, Inc. (NYSE:PNC) traded down $0.41 during trading on Friday, reaching $132.49. 1,292,200 shares of the company’s stock were exchanged, compared to its average volume of 2,227,664. The firm has a market cap of $63,233.96, a price-to-earnings ratio of 16.23, a price-to-earnings-growth 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 52-week low of $107.46 and a 52-week high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.13 by $0.03. The firm 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 business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS. analysts forecast that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current year.

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

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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 completion of the transaction, the insider now owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of the company’s 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 disclosure for this sale can be found here. In the last three months, insiders have sold 12,640 shares of company stock valued at $1,729,952. Company insiders own 0.43% of the company’s stock.

Several research analysts have issued reports on the company. J P Morgan Chase & Co upped their price target on 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. Zacks Investment Research raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a report on Tuesday, October 31st. Nomura upped their price target on 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. Wells Fargo & Company set a $135.00 price target on PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, UBS AG upped their price target on PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, October 16th. Sixteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $135.93.

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.

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

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