The PNC Financial Services Group, Inc. (NYSE:PNC) Position Trimmed by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,404 shares of the financial services provider's stock after selling 4,260 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in The PNC Financial Services Group were worth $8,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PNC. ORG Partners LLC grew its stake in The PNC Financial Services Group by 203.7% during the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock worth $26,000 after buying an additional 110 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of The PNC Financial Services Group in the second quarter valued at approximately $26,000. LRI Investments LLC purchased a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $28,000. Y.D. More Investments Ltd acquired a new position in The PNC Financial Services Group in the second quarter valued at approximately $33,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in The PNC Financial Services Group during the second quarter worth $38,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the sale, the director now owns 915 shares in the company, valued at approximately $170,299.80. This trade represents a 0.00 % 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 this link. In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the sale, the director now owns 915 shares in the company, valued at approximately $170,299.80. This trade represents a 0.00 % 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 this link. Also, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $171.80, for a total transaction of $213,375.60. Following the transaction, the chief executive officer now owns 557,185 shares in the company, valued at $95,724,383. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,279 shares of company stock worth $2,442,673. 0.42% of the stock is owned by company insiders.

The PNC Financial Services Group Stock Performance

PNC traded up $5.74 on Monday, hitting $209.71. 2,328,277 shares of the company's stock were exchanged, compared to its average volume of 1,873,023. The firm has a market cap of $83.21 billion, a PE ratio of 17.24, a P/E/G ratio of 2.16 and a beta of 1.13. The PNC Financial Services Group, Inc. has a twelve month low of $118.89 and a twelve month high of $210.43. The stock has a fifty day moving average of $185.53 and a two-hundred day moving average of $171.17. 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 (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.19. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The PNC Financial Services Group's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.60 earnings per share. On average, research analysts anticipate that The PNC Financial Services Group, Inc. will post 13.41 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th were paid a dividend of $1.60 per share. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 annualized dividend and a yield of 3.05%. The PNC Financial Services Group's dividend payout ratio (DPR) is 54.10%.

Analysts Set New Price Targets

Several research firms recently commented on PNC. Keefe, Bruyette & Woods increased their target price on The PNC Financial Services Group from $180.00 to $182.00 and gave the company an "underperform" rating in a report on Wednesday, October 16th. Barclays boosted their price target on The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. UBS Group upped their target price on The PNC Financial Services Group from $179.00 to $198.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Bank of America raised The PNC Financial Services Group from a "neutral" rating to a "buy" rating and upped their target price for the company from $185.00 to $200.00 in a research note on Thursday, August 15th. Finally, Citigroup boosted their price target on The PNC Financial Services Group from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $185.71.

The PNC Financial Services Group Company Profile

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.