41,770 Shares in PNC Financial Services Group, Inc. (The) (PNC) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new position in PNC Financial Services Group, Inc. (The) (NYSE:PNC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 41,770 shares of the financial services provider’s stock, valued at approximately $5,629,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 1,365.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 710 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares during the period. First Interstate Bank lifted its position in shares of PNC Financial Services Group, Inc. (The) by 34.0% in the 1st quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 243 shares during the period. Atlantic Trust LLC purchased a new stake in shares of PNC Financial Services Group, Inc. (The) in the 2nd quarter worth approximately $129,000. Finally, Ledyard National Bank lifted its position in shares of PNC Financial Services Group, Inc. (The) by 6.3% in the 2nd quarter. Ledyard National Bank now owns 1,257 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 75 shares during the period. 80.79% of the stock is owned by hedge funds and other institutional investors.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion during the quarter, compared to the consensus estimate 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 company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.84 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, November 5th. Investors of record on Tuesday, October 17th will be given a $0.75 dividend. The ex-dividend date is Monday, October 16th. This represents a $3.00 annualized dividend and a yield of 2.19%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is 36.63%.

Several brokerages have recently weighed in on PNC. Zacks Investment Research cut shares of PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Monday. Nomura increased their target price on shares of PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, October 23rd. J P Morgan Chase & Co increased their target price on shares of PNC Financial Services Group, Inc. (The) from $139.50 to $140.50 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup Inc. reissued a “neutral” rating and set a $144.00 target price (up previously from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, October 9th. Finally, Instinet reissued a “neutral” rating and set a $132.00 target price (up previously from $129.00) on shares of PNC Financial Services Group, Inc. (The) in a research report on Saturday, September 30th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $133.99.

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In related news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of the company’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 sale, the insider now owns 20,449 shares of the company’s stock, valued at approximately $2,801,104.02. The disclosure for this sale can be found here. 0.43% of the stock is owned by corporate insiders.

PNC Financial Services Group, Inc. (The) 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.

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

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