2,600 Shares in PNC Financial Services Group, Inc. (The) (PNC) Acquired by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC purchased a new position in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,600 shares of the financial services provider’s stock, valued at approximately $313,000.

A number of other hedge funds also recently modified their holdings of PNC. AMP Capital Investors Ltd increased its position in PNC Financial Services Group, Inc. (The) by 6.0% in the third quarter. AMP Capital Investors Ltd now owns 454,174 shares of the financial services provider’s stock worth $40,418,000 after buying an additional 25,819 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in PNC Financial Services Group, Inc. (The) by 225.2% in the third quarter. Johnson Investment Counsel Inc. now owns 379,037 shares of the financial services provider’s stock worth $34,147,000 after buying an additional 262,487 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in PNC Financial Services Group, Inc. (The) by 77.0% in the third quarter. Candriam Luxembourg S.C.A. now owns 38,563 shares of the financial services provider’s stock worth $3,474,000 after buying an additional 16,773 shares during the last quarter. HighPoint Advisor Group LLC acquired a new position in PNC Financial Services Group, Inc. (The) during the third quarter worth approximately $904,000. Finally, Russell Investments Group Ltd. acquired a new position in PNC Financial Services Group, Inc. (The) during the fourth quarter worth approximately $88,014,000. 81.33% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

PNC Financial Services Group, Inc. (PNC) traded down 0.37% on Friday, reaching $122.51. 2,254,987 shares of the company traded hands. The firm has a 50 day moving average of $121.07 and a 200-day moving average of $120.34. The stock has a market capitalization of $59.28 billion, a PE ratio of 16.16 and a beta of 0.91. PNC Financial Services Group, Inc. has a one year low of $77.40 and a one year high of $131.83.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its quarterly earnings results on Thursday, April 13th. The financial services provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.79 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.05% and a net margin of 24.31%. PNC Financial Services Group, Inc. (The)’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 EPS. On average, analysts anticipate that PNC Financial Services Group, Inc. will post $8.22 EPS for the current year.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Tuesday, May 30th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of PNC Financial Services Group, Inc. (The) in a research report on Monday, April 17th. BidaskClub upgraded shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Wednesday. Hilliard Lyons upgraded shares of PNC Financial Services Group, Inc. (The) from an “underperform” rating to a “hold” rating and dropped their target price for the stock from $127.00 to $123.00 in a research report on Monday, April 17th. Finally, Barclays PLC increased their target price on shares of PNC Financial Services Group, Inc. (The) from $125.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. PNC Financial Services Group, Inc. (The) currently has a consensus rating of “Hold” and an average price target of $114.74.

PNC Financial Services Group, Inc. (The) Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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