Securian Asset Management Inc Has $6.40 Million Holdings in PNC Financial Services Group Inc (PNC)

Securian Asset Management Inc lowered its stake in PNC Financial Services Group Inc (NYSE:PNC) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,957 shares of the financial services provider’s stock after selling 560 shares during the quarter. Securian Asset Management Inc’s holdings in PNC Financial Services Group were worth $6,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PNC. TRUE Private Wealth Advisors bought a new position in PNC Financial Services Group in the 3rd quarter worth about $127,000. Moneta Group Investment Advisors LLC bought a new position in PNC Financial Services Group in the 2nd quarter worth about $143,000. Landaas & Co. WI ADV bought a new position in PNC Financial Services Group in the 2nd quarter worth about $147,000. Archford Capital Strategies LLC boosted its stake in PNC Financial Services Group by 197.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 723 shares during the period. Finally, Kaizen Advisory LLC boosted its stake in PNC Financial Services Group by 147.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,150 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 686 shares during the period. Institutional investors and hedge funds own 79.94% of the company’s stock.

Several research analysts have commented on the company. Morgan Stanley cut their target price on PNC Financial Services Group from $168.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, October 15th. Vining Sparks restated a “buy” rating and issued a $160.00 target price on shares of PNC Financial Services Group in a research note on Tuesday, October 9th. Deutsche Bank upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating in a research note on Monday, October 15th. UBS Group set a $137.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a research note on Monday, October 15th. Finally, Nomura cut their target price on PNC Financial Services Group from $162.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $154.62.



Shares of PNC opened at $119.45 on Friday. The stock has a market cap of $55.54 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.18 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.23. PNC Financial Services Group Inc has a 12-month low of $116.55 and a 12-month high of $163.59.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, October 12th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.09. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.32 billion. PNC Financial Services Group had a return on equity of 10.88% and a net margin of 30.97%. During the same quarter last year, the company posted $2.16 EPS. On average, equities analysts forecast that PNC Financial Services Group Inc will post 10.76 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Wednesday, October 17th will be issued a dividend of $0.95 per share. The ex-dividend date is Tuesday, October 16th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.18%. PNC Financial Services Group’s dividend payout ratio is 44.71%.

In related news, EVP Robert Q. Reilly sold 24,710 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $140.49, for a total transaction of $3,471,507.90. Following the transaction, the executive vice president now directly owns 131,020 shares of the company’s stock, valued at approximately $18,406,999.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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