Dynamic Technology Lab Private Ltd Takes Position in PNC Financial Services Group, Inc. (The) (PNC) – Dispatch Tribunal


Dynamic Technology Lab Private Ltd purchased a new stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,406 shares of the financial services provider’s stock, valued at approximately $675,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC grew its position in PNC Financial Services Group, Inc. (The) by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 710 shares during the last quarter. Tower Research Capital LLC TRC grew its position in PNC Financial Services Group, Inc. (The) by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 91 shares during the last quarter. First Interstate Bank grew its position in PNC Financial Services Group, Inc. (The) by 34.0% during the first quarter. First Interstate Bank now owns 957 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 243 shares during the last quarter. Ledyard National Bank grew its position in PNC Financial Services Group, Inc. (The) by 6.3% during the second quarter. Ledyard National Bank now owns 1,257 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 75 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

In related news, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.43% of the company’s stock.

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A number of analysts have recently weighed in on PNC shares. Sanford C. Bernstein reissued a “market perform” rating and set a $134.00 price objective on shares of PNC Financial Services Group, Inc. (The) in a research note on Tuesday, October 3rd. Wells Fargo & Company set a $135.00 price objective on PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, October 19th. Citigroup Inc. reissued a “neutral” rating and set a $144.00 price objective (up previously from $125.00) on shares of PNC Financial Services Group, Inc. (The) in a research note on Monday, October 9th. Stephens lowered PNC Financial Services Group, Inc. (The) from an “overweight” rating to an “equal weight” rating in a research note on Thursday, October 5th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $139.50 price objective (up previously from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $133.85.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) traded up 0.23% during trading on Friday, reaching $138.17. The company’s stock had a trading volume of 1,198,528 shares. The company has a 50-day moving average price of $133.38 and a 200-day moving average price of $126.33. PNC Financial Services Group, Inc. has a one year low of $94.30 and a one year high of $139.23. The stock has a market cap of $65.77 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last issued its quarterly earnings data on Friday, October 13th. The financial services provider reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.03. The firm had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. PNC Financial Services Group, Inc. (The) had a return on equity of 9.29% and a net margin of 24.61%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 EPS. On average, equities research analysts forecast that PNC Financial Services Group, Inc. will post $8.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, November 5th. Investors of record on Tuesday, October 17th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Monday, October 16th. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 36.63%.

PNC Financial Services Group, Inc. (The) Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)




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