Park National Corp OH Has $2.36 Million Stake in PNC Financial Services Group Inc (PNC)

Park National Corp OH reduced its position in PNC Financial Services Group Inc (NYSE:PNC) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,474 shares of the financial services provider’s stock after selling 744 shares during the period. Park National Corp OH’s holdings in PNC Financial Services Group were worth $2,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. First Commonwealth Financial Corp PA raised its holdings in PNC Financial Services Group by 2.2% in the 4th quarter. First Commonwealth Financial Corp PA now owns 15,417 shares of the financial services provider’s stock worth $2,225,000 after acquiring an additional 330 shares during the last quarter. NEXT Financial Group Inc raised its holdings in PNC Financial Services Group by 12.8% in the 1st quarter. NEXT Financial Group Inc now owns 3,086 shares of the financial services provider’s stock worth $467,000 after acquiring an additional 350 shares during the last quarter. Delpha Capital Management LLC raised its holdings in PNC Financial Services Group by 34.5% in the 1st quarter. Delpha Capital Management LLC now owns 1,669 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 428 shares during the last quarter. Mission Wealth Management LP raised its holdings in PNC Financial Services Group by 6.6% in the 1st quarter. Mission Wealth Management LP now owns 7,059 shares of the financial services provider’s stock worth $1,068,000 after acquiring an additional 434 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in PNC Financial Services Group by 2.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 19,857 shares of the financial services provider’s stock worth $3,003,000 after acquiring an additional 454 shares during the last quarter. Institutional investors own 81.06% of the company’s stock.

Shares of PNC opened at $135.92 on Tuesday. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.27 and a beta of 0.92. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.14. PNC Financial Services Group Inc has a 1-year low of $119.77 and a 1-year high of $163.59.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, April 13th. The financial services provider reported $2.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.01. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.14 billion. PNC Financial Services Group had a net margin of 29.85% and a return on equity of 9.82%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.96 EPS. sell-side analysts expect that PNC Financial Services Group Inc will post 10.52 earnings per share for the current year.

A number of equities analysts recently weighed in on PNC shares. Bank of America boosted their price objective on shares of PNC Financial Services Group from $160.00 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, March 13th. Susquehanna Bancshares set a $147.00 price objective on shares of PNC Financial Services Group and gave the stock a “hold” rating in a report on Tuesday, April 10th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $150.13.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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