The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC grew its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 26.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,215 shares of the financial services provider’s stock after purchasing an additional 1,514 shares during the period. Curi RMB Capital LLC’s holdings in The PNC Financial Services Group were worth $1,334,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd boosted its position in shares of The PNC Financial Services Group by 6.8% in the third quarter. Plato Investment Management Ltd now owns 8,559 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 543 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of The PNC Financial Services Group by 6.9% in the third quarter. D Orazio & Associates Inc. now owns 1,495 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 96 shares during the last quarter. Parthenon LLC boosted its position in shares of The PNC Financial Services Group by 1.4% in the third quarter. Parthenon LLC now owns 33,525 shares of the financial services provider’s stock worth $6,197,000 after acquiring an additional 450 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of The PNC Financial Services Group by 5.1% in the third quarter. Oppenheimer & Co. Inc. now owns 12,736 shares of the financial services provider’s stock worth $2,354,000 after acquiring an additional 613 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of The PNC Financial Services Group by 0.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 24,277 shares of the financial services provider’s stock worth $4,488,000 after acquiring an additional 131 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Bank of America raised shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and lifted their price target for the company from $185.00 to $200.00 in a research report on Thursday, August 15th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, The PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $186.96.

The PNC Financial Services Group Stock Down 0.1 %

Shares of NYSE:PNC opened at $207.68 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The PNC Financial Services Group, Inc. has a 12-month low of $127.08 and a 12-month high of $214.19. The company has a fifty day simple moving average of $187.63 and a 200 day simple moving average of $172.44. The firm has a market cap of $82.40 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the company posted $3.60 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 13.46 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 54.10%.

Insiders Place Their Bets

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $176.15, for a total transaction of $218,778.30. Following the sale, the chief executive officer now owns 555,943 shares in the company, valued at approximately $97,929,359.45. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the completion of the transaction, the director now directly owns 38,649 shares in the company, valued at approximately $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,546 shares of company stock worth $5,277,493. 0.42% of the stock is owned by corporate insiders.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.