PNC Financial Services Group, Inc. (The) (PNC) Shares Sold by Rational Advisors LLC

Rational Advisors LLC trimmed its position in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 24.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,800 shares of the financial services provider’s stock after selling 2,200 shares during the quarter. Rational Advisors LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% in the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 4 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 1,876 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 8 shares during the last quarter. Hudock Capital Group LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% in the second quarter. Hudock Capital Group LLC now owns 2,692 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 11 shares during the last quarter. Telemus Capital LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% in the second quarter. Telemus Capital LLC now owns 4,981 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 16 shares during the last quarter. Finally, Green Square Capital LLC increased its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.4% in the first quarter. Green Square Capital LLC now owns 4,129 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 18 shares during the last quarter. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total value 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. Insiders sold 12,640 shares of company stock valued at $1,729,952 in the last quarter. 0.43% of the stock is owned by company insiders.

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Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up $0.36 during midday trading on Monday, hitting $132.85. The company had a trading volume of 1,108,800 shares, compared to its average volume of 2,222,646. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $63,210.00, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a 12-month low of $109.16 and a 12-month high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings results on Friday, October 13th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 9.29% and a net margin of 24.61%. PNC Financial Services Group, Inc. (The)’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 earnings per share. equities research analysts anticipate that PNC Financial Services Group, Inc. will post 8.43 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were issued a $0.75 dividend. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.26%. PNC Financial Services Group, Inc. (The)’s payout ratio is 36.54%.

PNC has been the topic of several research reports. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, October 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $134.00 target price on shares of PNC Financial Services Group, Inc. (The) in a report on Tuesday, October 3rd. Citigroup Inc. reaffirmed a “neutral” rating and issued a $144.00 target price (up from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, October 9th. Stephens cut PNC Financial Services Group, Inc. (The) 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 reaffirmed an “overweight” rating and issued a $139.50 target price (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, October 6th. Sixteen analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price 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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