Fox Run Management LLC Sells 2900 Shares of PNC Financial Services Group, Inc. (The) (PNC) – Dispatch Tribunal


Fox Run Management L.L.C. cut its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 37.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,900 shares of the financial services provider’s stock after selling 2,900 shares during the quarter. Fox Run Management L.L.C.’s holdings in PNC Financial Services Group, Inc. (The) were worth $660,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after buying an additional 4 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in PNC Financial Services Group, Inc. (The) by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,876 shares of the financial services provider’s stock worth $226,000 after buying an additional 8 shares during the period. Hudock Capital Group LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 2,692 shares of the financial services provider’s stock worth $336,000 after buying an additional 11 shares during the period. Telemus Capital LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Telemus Capital LLC now owns 4,981 shares of the financial services provider’s stock worth $622,000 after buying an additional 16 shares during the period. Finally, Green Square Capital LLC lifted its holdings in PNC Financial Services Group, Inc. (The) by 0.4% during the 1st quarter. Green Square Capital LLC now owns 4,129 shares of the financial services provider’s stock worth $496,000 after buying an additional 18 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have commented on PNC. Nomura lifted their target price on PNC Financial Services Group, Inc. (The) from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Wells Fargo & Company set a $135.00 target price on PNC Financial Services Group, Inc. (The) and gave the stock a “hold” rating in a report on Thursday, October 19th. UBS AG lifted their target price on PNC Financial Services Group, Inc. (The) from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Barclays PLC lifted their target price on PNC Financial Services Group, Inc. (The) from $132.00 to $139.00 and gave the stock an “equal weight” rating in a report on Monday, October 16th. Finally, Credit Suisse Group lifted their target price on PNC Financial Services Group, Inc. (The) from $135.00 to $137.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $133.85.

Shares of PNC Financial Services Group, Inc. (NYSE:PNC) opened at 138.17 on Friday. The company has a market capitalization of $65.77 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. The firm’s 50-day moving average price is $133.38 and its 200-day moving average price is $126.33. PNC Financial Services Group, Inc. has a one year low of $94.30 and a one year high of $139.23.

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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.03. PNC Financial Services Group, Inc. (The) had a net margin of 24.61% and a return on equity of 9.29%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period last year, the business posted $1.84 earnings per share. PNC Financial Services Group, Inc. (The)’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that PNC Financial Services Group, Inc. will post $8.43 earnings per share for the current year.

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

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In other PNC Financial Services Group, Inc. (The) news, insider Wyk Steven C. Van sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $135.00, for a total value of $675,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.43% of the company’s stock.

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.

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




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