PNC Financial Services Group Inc (PNC) Holdings Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,818 shares of the financial services provider’s stock after selling 5,307 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of PNC Financial Services Group worth $36,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in PNC Financial Services Group by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 710 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of PNC Financial Services Group 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 purchasing an additional 91 shares in the last quarter. First Interstate Bank lifted its holdings in shares of PNC Financial Services Group 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 purchasing an additional 25 shares in the last quarter. Atlantic Trust LLC bought a new stake in shares of PNC Financial Services Group in the second quarter valued at about $129,000. Finally, Legacy Advisors LLC bought a new stake in shares of PNC Financial Services Group in the third quarter valued at about $136,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

A number of analysts have recently commented on PNC shares. Wells Fargo & Company set a $135.00 price target on PNC Financial Services Group and gave the company a “hold” rating in a report on Thursday, October 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $134.00 price target on shares of PNC Financial Services Group in a report on Tuesday, October 3rd. Citigroup restated a “neutral” rating and issued a $144.00 price target (up from $125.00) on shares of PNC Financial Services Group in a report on Monday, October 9th. Stephens lowered PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a report on Thursday, October 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a $139.50 price target (up from $138.50) on shares of PNC Financial Services Group in a report on Friday, October 6th. Sixteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $136.13.

PNC Financial Services Group Inc (NYSE:PNC) traded down $1.41 on Wednesday, reaching $142.43. The company had a trading volume of 1,604,300 shares, compared to its average volume of 2,199,879. PNC Financial Services Group Inc has a fifty-two week low of $110.84 and a fifty-two week high of $145.66. The company has a market capitalization of $68,439.23, a price-to-earnings ratio of 17.56, a PEG ratio of 1.92 and a beta of 0.90. 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 (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.03. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the prior year, the company posted $1.84 earnings per share. PNC Financial Services Group’s revenue was up 7.7% on a year-over-year basis. equities research analysts anticipate that PNC Financial Services Group Inc will post 8.44 earnings per share for the current year.

In other PNC Financial Services Group news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $140.98, for a total transaction of $704,900.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the transaction, the insider now directly owns 20,449 shares in the company, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. Insiders have sold 42,640 shares of company stock worth $5,901,852 in the last quarter. 0.43% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “PNC Financial Services Group Inc (PNC) Holdings Trimmed by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://stocknewstimes.com/2017/12/06/pnc-financial-services-group-inc-pnc-holdings-trimmed-by-british-columbia-investment-management-corp.html.

PNC Financial Services Group 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 (NYSE:PNC)

Receive News & Ratings for PNC Financial Services Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply