The PNC Financial Services Group, Inc $PNC Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 52.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,900 shares of the financial services provider’s stock after purchasing an additional 29,119 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in The PNC Financial Services Group were worth $18,870,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trust Asset Management LLC grew its stake in The PNC Financial Services Group by 1.0% during the second quarter. Trust Asset Management LLC now owns 4,457 shares of the financial services provider’s stock worth $1,097,000 after buying an additional 43 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of The PNC Financial Services Group by 34.2% during the first quarter. SJS Investment Consulting Inc. now owns 196 shares of the financial services provider’s stock worth $41,000 after buying an additional 50 shares in the last quarter. United Community Bank raised its stake in shares of The PNC Financial Services Group by 0.8% in the second quarter. United Community Bank now owns 6,523 shares of the financial services provider’s stock valued at $1,606,000 after acquiring an additional 50 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of The PNC Financial Services Group by 3.2% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 1,647 shares of the financial services provider’s stock valued at $343,000 after acquiring an additional 51 shares during the last quarter. Finally, Klingman & Associates LLC raised its stake in shares of The PNC Financial Services Group by 4.9% in the first quarter. Klingman & Associates LLC now owns 1,085 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 51 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Down 0.5%

Shares of PNC opened at $224.49 on Friday. The firm has a market capitalization of $89.56 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.83 and a current ratio of 0.84. The business’s fifty day moving average price is $232.07 and its two-hundred day moving average price is $233.54. The PNC Financial Services Group, Inc has a 52 week low of $177.08 and a 52 week high of $258.96.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, beating the consensus estimate of $4.91 by $0.18. The company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $4.35 EPS. On average, analysts predict that The PNC Financial Services Group, Inc will post 19.22 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Wednesday, October 14th will be issued a $2.00 dividend. The ex-dividend date is Wednesday, October 14th. This represents a $8.00 annualized dividend and a yield of 3.6%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 42.58%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PNC. Robert W. Baird boosted their target price on The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Argus raised their price target on The PNC Financial Services Group from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. DA Davidson lifted their price objective on The PNC Financial Services Group from $247.00 to $281.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group reduced their price objective on The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Keefe, Bruyette & Woods decreased their target price on The PNC Financial Services Group from $260.00 to $250.00 and set a “market perform” rating on the stock in a report on Friday, October 16th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $266.13.

Insider Buying and Selling

In related news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the completion of the sale, the executive vice president directly owned 18,800 shares in the company, valued at $4,809,792. This trade represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.