Quantinno Capital Management LP Grows Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Quantinno Capital Management LP boosted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 45.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,760 shares of the financial services provider's stock after buying an additional 7,428 shares during the period. Quantinno Capital Management LP's holdings in The PNC Financial Services Group were worth $4,392,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. ORG Partners LLC boosted its stake in 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 worth $26,000 after purchasing an additional 110 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of The PNC Financial Services Group during the second quarter valued at approximately $33,000. Valley Wealth Managers Inc. raised its holdings in The PNC Financial Services Group by 20,000.0% in 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 during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in The PNC Financial Services Group in the 2nd quarter worth approximately $38,000. Finally, Quarry LP lifted its position in The PNC Financial Services Group by 141.7% in the 2nd quarter. Quarry LP now owns 290 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 170 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of PNC traded down $0.20 during midday trading on Friday, hitting $208.63. 1,485,962 shares of the company traded hands, compared to its average volume of 1,874,343. The stock has a market cap of $82.78 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.18 and a beta of 1.15. The firm has a 50 day moving average of $196.62 and a 200-day moving average of $178.41. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group, Inc. has a 52 week low of $139.19 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $5.43 billion during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.60 EPS. On average, analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were paid a $1.60 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.07%. The PNC Financial Services Group's payout ratio is currently 54.10%.

Wall Street Analysts Forecast Growth

PNC has been the topic of a number of research analyst reports. Bank of America raised The PNC Financial Services Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their target price on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an "underperform" rating in a research note on Wednesday, October 16th. Evercore ISI increased their price objective on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Compass Point downgraded The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 22nd. Finally, Barclays increased their target price on The PNC Financial Services Group from $209.00 to $229.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of "Hold" and an average target price of $195.84.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $216.01, for a total transaction of $268,284.42. Following the sale, the chief executive officer now owns 533,765 shares in the company, valued at approximately $115,298,577.65. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the transaction, the director now directly owns 38,649 shares of the company's stock, valued at $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. Insiders have sold a total of 27,788 shares of company stock worth $5,613,814 in the last three months. Insiders own 0.42% of the company's stock.

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.