1,097 Shares in PNC Financial Services Group, Inc. (The) (PNC) Acquired by Legacy Advisors LLC

Legacy Advisors LLC purchased a new position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,097 shares of the financial services provider’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNC. BlackRock Inc. raised its holdings in PNC Financial Services Group, Inc. (The) by 2,833.1% during the 1st quarter. BlackRock Inc. now owns 27,133,914 shares of the financial services provider’s stock worth $3,262,582,000 after purchasing an additional 26,208,815 shares during the last quarter. FMR LLC raised its holdings in PNC Financial Services Group, Inc. (The) by 19.4% during the 1st quarter. FMR LLC now owns 13,760,691 shares of the financial services provider’s stock worth $1,654,586,000 after purchasing an additional 2,239,716 shares during the last quarter. Principal Financial Group Inc. raised its holdings in PNC Financial Services Group, Inc. (The) by 240.4% during the 2nd quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock worth $298,281,000 after purchasing an additional 1,686,944 shares during the last quarter. Janus Henderson Group PLC raised its holdings in PNC Financial Services Group, Inc. (The) by 2,624.0% during the 2nd quarter. Janus Henderson Group PLC now owns 1,707,697 shares of the financial services provider’s stock worth $213,239,000 after purchasing an additional 1,645,007 shares during the last quarter. Finally, Koch Industries Inc. raised its holdings in PNC Financial Services Group, Inc. (The) by 78,828.1% during the 2nd quarter. Koch Industries Inc. now owns 1,350,459 shares of the financial services provider’s stock worth $1,340,000 after purchasing an additional 1,348,748 shares during the last quarter. Institutional investors and hedge funds own 81.40% of the company’s stock.

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In other PNC Financial Services Group, Inc. (The) news, insider Karen L. Larrimer sold 3,135 shares of the company’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 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total value of $675,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.43% of the company’s stock.

Several analysts have weighed in on PNC shares. Zacks Investment Research cut PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. UBS AG boosted their price objective on PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Wells Fargo & Company set a $135.00 price objective on PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, October 19th. Royal Bank Of Canada boosted their price objective on PNC Financial Services Group, Inc. (The) from $130.00 to $145.00 and gave the stock a “top pick” rating in a report on Monday, October 16th. Finally, BidaskClub cut PNC Financial Services Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $133.99.

PNC Financial Services Group, Inc. (NYSE PNC) traded down $0.04 during trading hours on Monday, reaching $138.60. The company’s stock had a trading volume of 120,056 shares, compared to its average volume of 1,540,618. PNC Financial Services Group, Inc. has a 52-week low of $94.30 and a 52-week high of $139.23. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $65,960.30, a P/E ratio of 16.93, a P/E/G ratio of 1.85 and a beta of 0.91.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $1.84 EPS. The business’s revenue was up 7.7% on a year-over-year basis. research analysts forecast that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The company also recently declared 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 2.16%. The ex-dividend date was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 36.63%.

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.

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

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