PNC Financial Services Group Inc (NYSE:PNC) Shares Bought by Zevin Asset Management LLC

Zevin Asset Management LLC increased its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,603 shares of the financial services provider’s stock after purchasing an additional 785 shares during the quarter. PNC Financial Services Group accounts for about 1.6% of Zevin Asset Management LLC’s holdings, making the stock its 24th largest holding. Zevin Asset Management LLC’s holdings in PNC Financial Services Group were worth $4,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Institute for Wealth Management LLC. lifted its position in PNC Financial Services Group by 3.6% in the second quarter. Institute for Wealth Management LLC. now owns 2,902 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 101 shares during the period. Moors & Cabot Inc. lifted its holdings in PNC Financial Services Group by 2.9% in the 2nd quarter. Moors & Cabot Inc. now owns 11,036 shares of the financial services provider’s stock worth $1,510,000 after buying an additional 311 shares in the last quarter. Joel Isaacson & Co. LLC lifted its holdings in PNC Financial Services Group by 31.8% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,166 shares of the financial services provider’s stock worth $572,000 after buying an additional 1,006 shares in the last quarter. Park National Corp OH lifted its holdings in PNC Financial Services Group by 9.6% in the 2nd quarter. Park National Corp OH now owns 74,862 shares of the financial services provider’s stock worth $10,277,000 after buying an additional 6,529 shares in the last quarter. Finally, Tiverton Asset Management LLC lifted its holdings in PNC Financial Services Group by 21.4% in the 2nd quarter. Tiverton Asset Management LLC now owns 20,769 shares of the financial services provider’s stock worth $2,851,000 after buying an additional 3,665 shares in the last quarter. 80.68% of the stock is owned by institutional investors.

In other PNC Financial Services Group news, CEO William S. Demchak sold 17,132 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $135.11, for a total value of $2,314,704.52. Following the completion of the transaction, the chief executive officer now owns 507,979 shares in the company, valued at approximately $68,633,042.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles E. Bunch bought 1,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $124.38 per share, with a total value of $124,380.00. Following the transaction, the director now owns 3,781 shares in the company, valued at approximately $470,280.78. The disclosure for this purchase can be found here. 0.37% of the stock is owned by corporate insiders.

Shares of PNC Financial Services Group stock traded down $0.87 during trading on Friday, reaching $152.20. The company had a trading volume of 1,573,036 shares, compared to its average volume of 2,010,443. The company has a market cap of $67.25 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.83 and a beta of 1.14. The firm’s fifty day moving average is $143.35 and its 200-day moving average is $136.47. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.88. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $154.75.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.14. PNC Financial Services Group had a net margin of 24.96% and a return on equity of 10.94%. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the prior year, the business posted $2.82 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts anticipate that PNC Financial Services Group Inc will post 11.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Thursday, October 17th were given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, October 16th. PNC Financial Services Group’s dividend payout ratio is presently 42.95%.

A number of brokerages have commented on PNC. Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $147.00 price objective on the stock. in a report on Tuesday, October 1st. Barclays set a $158.00 price objective on shares of PNC Financial Services Group and gave the stock a “hold” rating in a report on Thursday, October 17th. Wells Fargo & Co boosted their price objective on shares of PNC Financial Services Group from $134.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, October 17th. UBS Group boosted their price objective on shares of PNC Financial Services Group from $142.00 to $146.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Robert W. Baird set a $141.00 price objective on shares of PNC Financial Services Group and gave the stock a “buy” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. PNC Financial Services Group currently has a consensus rating of “Hold” and an average price target of $146.20.

About PNC Financial Services Group

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.

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

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