PNC Financial Services Group Inc (NYSE:PNC) Shares Purchased by Capital International Investors

Capital International Investors lifted its position in PNC Financial Services Group Inc (NYSE:PNC) by 11.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,495,158 shares of the financial services provider’s stock after acquiring an additional 1,270,949 shares during the quarter. Capital International Investors’ holdings in PNC Financial Services Group were worth $1,994,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Equitable Holdings Inc. acquired a new position in PNC Financial Services Group in the fourth quarter valued at about $2,416,000. Brinker Capital Inc. grew its position in shares of PNC Financial Services Group by 3.6% during the fourth quarter. Brinker Capital Inc. now owns 13,411 shares of the financial services provider’s stock worth $2,141,000 after acquiring an additional 463 shares during the last quarter. Wealthquest Corp acquired a new stake in shares of PNC Financial Services Group during the fourth quarter worth $219,000. Fort Pitt Capital Group LLC lifted its holdings in PNC Financial Services Group by 0.8% in the fourth quarter. Fort Pitt Capital Group LLC now owns 393,558 shares of the financial services provider’s stock valued at $62,824,000 after acquiring an additional 2,982 shares during the period. Finally, Great Lakes Retirement Inc. acquired a new position in shares of PNC Financial Services Group during the 4th quarter worth $614,000. Hedge funds and other institutional investors own 82.60% of the company’s stock.

In other news, EVP Robert Q. Reilly sold 10,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $154.50, for a total value of $1,545,000.00. Following the completion of the transaction, the executive vice president now owns 114,767 shares of the company’s stock, valued at $17,731,501.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Charles E. Bunch purchased 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was acquired at an average cost of $153.11 per share, with a total value of $153,110.00. Following the purchase, the director now owns 4,781 shares of the company’s stock, valued at approximately $732,018.91. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 21,302 shares of company stock valued at $2,153,135. 0.30% of the stock is owned by company insiders.

Several analysts have commented on PNC shares. UBS Group lowered their price target on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Bank of America raised PNC Financial Services Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $144.00 to $178.00 in a research note on Thursday, January 9th. Citigroup lifted their price objective on PNC Financial Services Group from $139.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Barclays reissued a “hold” rating and set a $181.00 price target on shares of PNC Financial Services Group in a research report on Tuesday, January 7th. Finally, Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $146.00 target price on the stock in a research report on Thursday, February 27th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $149.73.

Shares of NYSE PNC traded up $5.34 during trading on Thursday, reaching $97.39. The stock had a trading volume of 1,375,790 shares, compared to its average volume of 4,286,080. PNC Financial Services Group Inc has a one year low of $79.41 and a one year high of $161.79. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market cap of $38.66 billion, a PE ratio of 8.54, a P/E/G ratio of 1.00 and a beta of 1.19. The firm’s 50 day moving average price is $127.85 and its two-hundred day moving average price is $144.00.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.05. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. PNC Financial Services Group had a return on equity of 10.91% and a net margin of 24.83%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.75 EPS. On average, research analysts expect that PNC Financial Services Group Inc will post 11.47 earnings per share for the current year.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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.

Further Reading: What is the float in trading stocks?

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group Inc (NYSE:PNC).

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

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.