Meadow Creek Investment Management LLC decreased its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 22.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,400 shares of the financial services provider’s stock after selling 7,590 shares during the period. Meadow Creek Investment Management LLC’s holdings in PNC Financial Services Group were worth $3,566,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. NEXT Financial Group Inc lifted its stake in shares of PNC Financial Services Group by 12.8% during the first quarter. NEXT Financial Group Inc now owns 3,086 shares of the financial services provider’s stock worth $467,000 after buying an additional 350 shares during the period. Putnam FL Investment Management Co. lifted its stake in shares of PNC Financial Services Group by 0.6% during the second quarter. Putnam FL Investment Management Co. now owns 62,570 shares of the financial services provider’s stock worth $8,453,000 after buying an additional 364 shares during the period. Coastline Trust Co lifted its position in PNC Financial Services Group by 9.6% during the second quarter. Coastline Trust Co now owns 4,225 shares of the financial services provider’s stock valued at $571,000 after purchasing an additional 370 shares during the period. Windsor Group LTD lifted its position in PNC Financial Services Group by 11.9% during the second quarter. Windsor Group LTD now owns 3,537 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 375 shares during the period. Finally, Parallel Advisors LLC lifted its position in PNC Financial Services Group by 16.1% during the second quarter. Parallel Advisors LLC now owns 2,735 shares of the financial services provider’s stock valued at $369,000 after purchasing an additional 380 shares during the period. Hedge funds and other institutional investors own 79.86% of the company’s stock.

NYSE PNC traded up $0.14 on Friday, reaching $140.40. 1,918,254 shares of the company’s stock traded hands, compared to its average volume of 1,535,575. The company has a market capitalization of $65.61 billion, a PE ratio of 14.72, a P/E/G ratio of 1.28 and a beta of 0.90. PNC Financial Services Group Inc has a fifty-two week low of $126.45 and a fifty-two week high of $163.59. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.91 and a quick ratio of 0.90.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, July 13th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.23 billion. PNC Financial Services Group had a net margin of 30.40% and a return on equity of 10.33%. research analysts expect that PNC Financial Services Group Inc will post 10.72 earnings per share for the current year.

In other PNC Financial Services Group news, Director Martin Pfinsgraff acquired 700 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The stock was bought at an average price of $142.15 per share, with a total value of $99,505.00. Following the purchase, the director now owns 1,050 shares in the company, valued at $149,257.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael P. Lyons sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 19th. The shares were sold at an average price of $140.87, for a total transaction of $1,972,180.00. Following the sale, the insider now directly owns 124,841 shares of the company’s stock, valued at approximately $17,586,351.67. The disclosure for this sale can be found here. Insiders have sold 34,247 shares of company stock valued at $4,830,351 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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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