PNC Financial Services Group Inc (NYSE:PNC) Shares Bought by Argyle Capital Management Inc.

Argyle Capital Management Inc. grew its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 1.9% during the 3rd quarter, Holdings Channel reports. The firm owned 35,700 shares of the financial services provider’s stock after purchasing an additional 667 shares during the period. PNC Financial Services Group comprises 1.6% of Argyle Capital Management Inc.’s investment portfolio, making the stock its 19th largest position. Argyle Capital Management Inc.’s holdings in PNC Financial Services Group were worth $3,924,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. AXA grew its holdings in shares of PNC Financial Services Group by 7.5% in the 1st quarter. AXA now owns 306,517 shares of the financial services provider’s stock worth $29,339,000 after acquiring an additional 21,438 shares during the last quarter. Park National Corp OH grew its holdings in shares of PNC Financial Services Group by 0.8% in the 2nd quarter. Park National Corp OH now owns 149,206 shares of the financial services provider’s stock worth $15,698,000 after acquiring an additional 1,253 shares during the last quarter. Ellevest Inc. grew its holdings in shares of PNC Financial Services Group by 144.3% in the 2nd quarter. Ellevest Inc. now owns 750 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 443 shares during the last quarter. West Oak Capital LLC grew its holdings in shares of PNC Financial Services Group by 198.0% in the 2nd quarter. West Oak Capital LLC now owns 301 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 200 shares during the last quarter. Finally, Anderson Hoagland & Co. grew its holdings in shares of PNC Financial Services Group by 0.9% in the 2nd quarter. Anderson Hoagland & Co. now owns 11,475 shares of the financial services provider’s stock worth $1,207,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 79.48% of the company’s stock.

PNC opened at $108.72 on Thursday. PNC Financial Services Group Inc has a 1 year low of $79.41 and a 1 year high of $161.79. The stock has a fifty day moving average price of $111.09 and a 200 day moving average price of $107.91. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.79. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 3.17 and a beta of 1.24.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Monday, October 19th. The financial services provider reported $3.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $1.27. PNC Financial Services Group had a return on equity of 5.97% and a net margin of 38.16%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.01 billion. During the same period last year, the company earned $2.94 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts forecast that PNC Financial Services Group Inc will post 5.41 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Friday, October 16th will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $4.60 annualized dividend and a yield of 4.23%. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 40.39%.

Several brokerages have recently commented on PNC. Credit Suisse Group raised their target price on PNC Financial Services Group from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Zacks Investment Research cut PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $118.00 target price for the company. in a research report on Monday, October 5th. Oppenheimer reaffirmed a “hold” rating on shares of PNC Financial Services Group in a research report on Wednesday, July 15th. TheStreet raised PNC Financial Services Group from a “c” rating to a “b-” rating in a research report on Wednesday, October 14th. Finally, JPMorgan Chase & Co. raised their target price on PNC Financial Services Group from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 6th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $121.47.

PNC Financial Services Group Company Profile

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.

Recommended Story: How to track put option volume

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group Inc (NYSE:PNC).

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

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.