NEXT Financial Group Inc Buys 782 Shares of PNC Financial Services Group, Inc. (The) (PNC)

NEXT Financial Group Inc increased its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 27.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,635 shares of the financial services provider’s stock after purchasing an additional 782 shares during the quarter. NEXT Financial Group Inc’s holdings in PNC Financial Services Group, Inc. (The) were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Honeywell International Inc. increased its position in PNC Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Honeywell International Inc. now owns 156,400 shares of the financial services provider’s stock worth $19,530,000 after purchasing an additional 400 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in PNC Financial Services Group, Inc. (The) by 20.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 1,235 shares in the last quarter. Daiwa Securities Group Inc. increased its position in PNC Financial Services Group, Inc. (The) by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock worth $1,916,000 after purchasing an additional 500 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in PNC Financial Services Group, Inc. (The) by 12.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider’s stock worth $77,485,000 after buying an additional 70,962 shares during the last quarter. Finally, Davis Selected Advisers boosted its stake in PNC Financial Services Group, Inc. (The) by 1.7% in the 2nd quarter. Davis Selected Advisers now owns 307,362 shares of the financial services provider’s stock worth $38,380,000 after buying an additional 5,262 shares during the last quarter. Hedge funds and other institutional investors own 80.22% of the company’s stock.

In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group, Inc. (The) stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group, Inc. (The) 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 sale, the insider now owns 20,449 shares in the company, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,640 shares of company stock worth $1,729,952. Company insiders own 0.43% of the company’s stock.

A number of brokerages have issued reports on PNC. J P Morgan Chase & Co raised their price target on PNC Financial Services Group, Inc. (The) from $139.50 to $140.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Tuesday, October 31st. Nomura raised their price target on PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Wells Fargo & Company set a $135.00 price target on PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a research note on Thursday, October 19th. Finally, UBS AG raised their price target on PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Sixteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $135.93.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up $0.44 during trading hours on Tuesday, hitting $133.29. The company had a trading volume of 1,402,700 shares, compared to its average volume of 2,218,986. The stock has a market cap of $63,210.00, a P/E ratio of 16.22, a P/E/G ratio of 1.77 and a beta of 0.91. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. PNC Financial Services Group, Inc. has a 1-year low of $109.16 and a 1-year high of $139.23.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $2.13 by $0.03. The business had revenue of $4.13 billion for 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 revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.84 EPS. equities research analysts expect that PNC Financial Services Group, Inc. will post 8.43 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, October 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.25%. PNC Financial Services Group, Inc. (The)’s payout ratio is currently 36.54%.

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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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