Natixis Advisors LLC Has $34.56 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Natixis Advisors LLC lowered its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 34.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,945 shares of the financial services provider's stock after selling 96,672 shares during the period. Natixis Advisors LLC's holdings in The PNC Financial Services Group were worth $34,557,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in The PNC Financial Services Group during the 1st quarter valued at $292,000. UniSuper Management Pty Ltd lifted its position in The PNC Financial Services Group by 1,142.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,865 shares of the financial services provider's stock valued at $948,000 after purchasing an additional 5,393 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of The PNC Financial Services Group during the 1st quarter worth about $4,299,000. Bessemer Group Inc. raised its position in shares of The PNC Financial Services Group by 35.0% during the 1st quarter. Bessemer Group Inc. now owns 65,541 shares of the financial services provider's stock worth $10,591,000 after buying an additional 17,008 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its position in shares of The PNC Financial Services Group by 11.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 11,126 shares of the financial services provider's stock worth $1,798,000 after buying an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

Shares of PNC traded down $0.85 during trading hours on Monday, hitting $206.83. The stock had a trading volume of 1,652,343 shares, compared to its average volume of 1,873,661. The company's fifty day moving average is $188.25 and its two-hundred day moving average is $173.07. 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, Inc. has a 52 week low of $127.08 and a 52 week high of $214.19. The stock has a market capitalization of $82.07 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.17 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results 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 PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The business had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $6.40 annualized dividend and a yield of 3.09%. The PNC Financial Services Group's dividend payout ratio (DPR) is 54.10%.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $176.15, for a total transaction of $218,778.30. Following the transaction, the chief executive officer now directly owns 555,943 shares in the company, valued at approximately $97,929,359.45. This represents a 0.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total transaction of $159,877.08. Following the transaction, the director now owns 915 shares in the company, valued at approximately $170,299.80. The trade was a 48.42 % 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 $5,535,978 in the last 90 days. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

PNC has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 16th. Barclays boosted their price objective on shares of 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 shares of The PNC Financial Services Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, The Goldman Sachs Group reduced their price objective on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a "neutral" rating for the company in a research note on Wednesday, September 11th. 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's stock. Based on data from MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and a consensus target price of $186.96.

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.