Koch Industries Inc. Has $1.34 Million Stake in PNC Financial Services Group, Inc. (The) (NYSE:PNC)

Koch Industries Inc. increased its position in PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 78,828.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,350,459 shares of the financial services provider’s stock after buying an additional 1,348,748 shares during the quarter. PNC Financial Services Group, Inc. (The) accounts for approximately 0.4% of Koch Industries Inc.’s investment portfolio, making the stock its 18th largest position. Koch Industries Inc. owned approximately 0.28% of PNC Financial Services Group, Inc. (The) worth $1,340,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Honeywell International Inc. boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 0.3% during the 2nd quarter. Honeywell International Inc. now owns 156,400 shares of the financial services provider’s stock worth $19,530,000 after buying an additional 400 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 20.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,253 shares of the financial services provider’s stock worth $906,000 after buying an additional 1,235 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 3.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,346 shares of the financial services provider’s stock worth $1,916,000 after buying an additional 500 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 12.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider’s stock worth $77,485,000 after buying an additional 70,962 shares in the last quarter. Finally, Davis Selected Advisers boosted its holdings in shares of PNC Financial Services Group, Inc. (The) by 1.7% during the 2nd quarter. Davis Selected Advisers now owns 307,362 shares of the financial services provider’s stock worth $38,380,000 after buying an additional 5,262 shares in the last quarter. 80.74% of the stock is owned by institutional investors.

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

PNC Financial Services Group, Inc. (NYSE PNC) traded up 0.34% during mid-day trading on Friday, reaching $138.32. The company had a trading volume of 519,630 shares. PNC Financial Services Group, Inc. has a 1-year low of $94.30 and a 1-year high of $139.23. The firm has a 50-day moving average of $132.50 and a 200 day moving average of $126.11. The company has a market capitalization of $65.84 billion, a PE ratio of 16.91 and a beta of 0.95.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted 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 return on equity of 9.29% and a net margin of 24.61%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the business earned $1.84 EPS. PNC Financial Services Group, Inc. (The)’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that PNC Financial Services Group, Inc. will post $8.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, November 5th. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, October 16th. This represents a $3.00 annualized dividend and a yield of 2.18%. PNC Financial Services Group, Inc. (The)’s dividend payout ratio (DPR) is currently 36.63%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a report on Friday, July 28th. Nomura increased 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. BidaskClub upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $135.00 target price on shares of PNC Financial Services Group, Inc. (The) in a report on Monday, August 28th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $139.50 target price (up from $138.50) on shares of PNC Financial Services Group, Inc. (The) in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $133.85.

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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