KBC Group NV Has $15.97 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

KBC Group NV decreased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 86,378 shares of the financial services provider's stock after selling 14,758 shares during the quarter. KBC Group NV's holdings in The PNC Financial Services Group were worth $15,967,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Plato Investment Management Ltd boosted its stake in The PNC Financial Services Group by 6.8% during the 3rd quarter. Plato Investment Management Ltd now owns 8,559 shares of the financial services provider's stock valued at $1,581,000 after acquiring an additional 543 shares during the last quarter. D Orazio & Associates Inc. boosted its position in The PNC Financial Services Group by 6.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 1,495 shares of the financial services provider's stock worth $276,000 after acquiring an additional 96 shares during the period. Parthenon LLC lifted its holdings in shares of The PNC Financial Services Group by 1.4% during the 3rd quarter. Parthenon LLC now owns 33,525 shares of the financial services provider's stock valued at $6,197,000 after buying an additional 450 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in The PNC Financial Services Group by 5.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 12,736 shares of the financial services provider's stock worth $2,354,000 after purchasing an additional 613 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of The PNC Financial Services Group by 0.5% during the third quarter. Oppenheimer Asset Management Inc. now owns 24,277 shares of the financial services provider's stock worth $4,488,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Down 0.1 %

Shares of The PNC Financial Services Group stock traded down $0.28 during trading hours on Friday, hitting $207.68. The company's stock had a trading volume of 2,511,633 shares, compared to its average volume of 1,874,656. The stock has a market cap of $82.40 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.21 and a beta of 1.13. 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 twelve month low of $127.08 and a twelve month high of $214.19. The firm has a fifty day moving average of $188.25 and a 200-day moving average of $172.80.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, topping analysts' consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the previous year, the company posted $3.60 earnings per share. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Research analysts forecast that The PNC Financial Services Group, Inc. will post 13.46 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business 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. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group's payout ratio is currently 54.10%.

Analyst Ratings Changes

Several equities analysts recently issued reports on PNC shares. Bank of America raised shares of The PNC Financial Services Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Evercore ISI raised their price target on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Compass Point lowered The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price target 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. Finally, Keefe, Bruyette & Woods raised their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the company an "underperform" rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $186.96.

Insiders Place Their Bets

In other news, Director Andrew T. Feldstein sold 14,509 shares of the business's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $176.15, for a total transaction of $218,778.30. Following the sale, the chief executive officer now owns 555,943 shares in the company, valued at $97,929,359.45. This trade represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,546 shares of company stock valued at $5,277,493. Company insiders own 0.42% of the company's stock.

The PNC Financial Services Group 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.