The PNC Financial Services Group, Inc. (NYSE:PNC) Holdings Boosted by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 484.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,830 shares of the financial services provider's stock after buying an additional 11,462 shares during the quarter. iA Global Asset Management Inc.'s holdings in The PNC Financial Services Group were worth $2,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC raised its holdings in shares of The PNC Financial Services Group by 203.7% in the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider's stock valued at $26,000 after buying an additional 110 shares during the period. Valley Wealth Managers Inc. boosted its position in shares of The PNC Financial Services Group by 20,000.0% during the 3rd quarter. Valley Wealth Managers Inc. now owns 201 shares of the financial services provider's stock worth $37,000 after acquiring an additional 200 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth about $33,000. GPS Wealth Strategies Group LLC acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth about $38,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth about $51,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

Insider Buying and Selling at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $186.45, for a total value of $231,570.90. Following the completion of the transaction, the chief executive officer now directly owns 550,975 shares in the company, valued at approximately $102,729,288.75. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares of the company's stock, valued at approximately $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,030 shares of company stock worth $5,873,691. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PNC has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday. Barclays upped their target price on The PNC Financial Services Group from $209.00 to $229.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Compass Point cut The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, Citigroup upped their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, The PNC Financial Services Group has an average rating of "Hold" and an average target price of $195.84.

The PNC Financial Services Group Stock Performance

Shares of PNC stock traded down $4.14 during trading hours on Monday, reaching $204.49. 1,598,836 shares of the company's stock were exchanged, compared to its average volume of 1,867,152. The company has a market cap of $81.14 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15. The company's 50 day moving average is $197.02 and its two-hundred day moving average is $178.93. The PNC Financial Services Group, Inc. has a 1 year low of $139.69 and a 1 year high of $216.26. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81.

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, beating the consensus estimate of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The PNC Financial Services Group's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the business posted $3.60 EPS. Equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Wednesday, October 16th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 54.10%.

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.