Global X MANAGEMENT CO LLC Has $1.29 Million Position in PNC Financial Services Group, Inc. (The) (PNC)

Global X MANAGEMENT CO LLC increased its stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,577 shares of the financial services provider’s stock after buying an additional 887 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in PNC Financial Services Group, Inc. (The) were worth $1,291,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PNC. Advantus Capital Management Inc lifted its position in PNC Financial Services Group, Inc. (The) by 0.6% in the first quarter. Advantus Capital Management Inc now owns 48,833 shares of the financial services provider’s stock worth $5,872,000 after buying an additional 282 shares during the last quarter. Teachers Advisors LLC lifted its position in PNC Financial Services Group, Inc. (The) by 8.5% in the first quarter. Teachers Advisors LLC now owns 986,397 shares of the financial services provider’s stock worth $118,604,000 after buying an additional 77,043 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of PNC Financial Services Group, Inc. (The) by 2.9% during the first quarter. TIAA CREF Investment Management LLC now owns 2,844,116 shares of the financial services provider’s stock worth $341,977,000 after purchasing an additional 78,909 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of PNC Financial Services Group, Inc. (The) by 3.8% during the first quarter. California Public Employees Retirement System now owns 1,431,157 shares of the financial services provider’s stock worth $172,082,000 after purchasing an additional 52,100 shares during the last quarter. Finally, W.G. Shaheen & Associates DBA Whitney & Co lifted its position in shares of PNC Financial Services Group, Inc. (The) by 0.8% during the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 33,185 shares of the financial services provider’s stock worth $3,990,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 81.19% of the company’s stock.

In related news, insider Orlando C. Esposito sold 4,505 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group, Inc. (The) stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total value of $429,432.30. Following the sale, the insider now directly 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. In the last three months, insiders sold 12,640 shares of company stock valued at $1,729,952. Corporate insiders own 0.43% of the company’s stock.

Several analysts have recently weighed in on PNC shares. Robert W. Baird reiterated a “buy” rating and set a $135.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, August 28th. Zacks Investment Research upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Tuesday, September 5th. Piper Jaffray Companies restated a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group, Inc. (The) in a research note on Sunday, August 27th. Deutsche Bank AG restated a “buy” rating and set a $130.00 price target (up previously from $120.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Tuesday, July 25th. Finally, Nomura raised 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 research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $133.99.

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Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded down $0.23 during midday trading on Wednesday, reaching $132.00. The company’s stock had a trading volume of 2,293,800 shares, compared to its average volume of 2,233,301. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $62,915.18, a P/E ratio of 16.15, a PEG ratio of 1.77 and a beta of 0.91. PNC Financial Services Group, Inc. has a fifty-two week low of $105.47 and a fifty-two week high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings results 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 return on equity of 9.29% and a net margin of 24.61%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. analysts expect that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio is presently 36.63%.

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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