American National Registered Investment Advisor Inc. Sells 300 Shares of PNC Financial Services Group, Inc. (The) (PNC)

American National Registered Investment Advisor Inc. cut its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,299 shares of the financial services provider’s stock after selling 300 shares during the period. PNC Financial Services Group, Inc. (The) makes up approximately 0.9% of American National Registered Investment Advisor Inc.’s investment portfolio, making the stock its 23rd largest position. American National Registered Investment Advisor Inc.’s holdings in PNC Financial Services Group, Inc. (The) were worth $2,080,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PNC. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in PNC Financial Services Group, Inc. (The) during the fourth quarter valued at $117,000. Sunbelt Securities Inc. purchased a new stake in PNC Financial Services Group, Inc. (The) during the fourth quarter valued at $142,000. Ledyard National Bank increased its stake in shares of PNC Financial Services Group, Inc. (The) by 532.1% in the first quarter. Ledyard National Bank now owns 1,182 shares of the financial services provider’s stock valued at $142,000 after buying an additional 995 shares in the last quarter. Pinnacle Bank bought a new stake in shares of PNC Financial Services Group, Inc. (The) during the first quarter valued at about $157,000. Finally, Quadrant Capital Group LLC increased its stake in shares of PNC Financial Services Group, Inc. (The) by 2.8% in the first quarter. Quadrant Capital Group LLC now owns 1,413 shares of the financial services provider’s stock valued at $162,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

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

Shares of PNC Financial Services Group, Inc. (PNC) opened at 122.51 on Friday. PNC Financial Services Group, Inc. has a 12-month low of $77.40 and a 12-month high of $131.83. The company has a market capitalization of $59.28 billion, a price-to-earnings ratio of 16.16 and a beta of 0.91. The firm’s 50-day moving average is $121.07 and its 200-day moving average is $120.34.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last announced its quarterly earnings data on Thursday, April 13th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.13. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate 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%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. On average, equities analysts predict that PNC Financial Services Group, Inc. will post $8.22 EPS for the current year.

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Several brokerages have recently issued reports on PNC. Zacks Investment Research raised shares of PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, February 28th. Hilliard Lyons downgraded shares of PNC Financial Services Group, Inc. (The) from a “neutral” rating to an “underperform” rating and set a $127.00 target price for the company. in a research report on Thursday, March 2nd. Keefe, Bruyette & Woods set a $125.00 target price on shares of PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research report on Wednesday, April 5th. Finally, Piper Jaffray Companies decreased their target price on shares of PNC Financial Services Group, Inc. (The) from $136.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price 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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