Voya Investment Management LLC Buys 176,101 Shares of PNC Financial Services Group Inc (NYSE:PNC)
Voya Investment Management LLC boosted its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 32.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 713,656 shares of the financial services provider’s stock after purchasing an additional 176,101 shares during the quarter. Voya Investment Management LLC owned approximately 0.15% of PNC Financial Services Group worth $96,415,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Stelac Advisory Services LLC purchased a new stake in PNC Financial Services Group during the 1st quarter worth about $102,000. Braun Bostich & Associates Inc. purchased a new stake in PNC Financial Services Group during the 1st quarter worth about $105,000. Landaas & Co. WI ADV purchased a new stake in PNC Financial Services Group during the 2nd quarter worth about $147,000. Archford Capital Strategies LLC increased its holdings in PNC Financial Services Group by 197.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 723 shares during the period. Finally, McKinley Carter Wealth Services Inc. purchased a new stake in PNC Financial Services Group during the 1st quarter worth about $150,000. Institutional investors own 79.86% of the company’s stock.
NYSE PNC traded up $0.14 during trading hours on Friday, hitting $140.40. 1,918,254 shares of the company were exchanged, compared to its average volume of 1,535,575. 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 Inc has a 52-week low of $126.45 and a 52-week high of $163.59. The company has a market cap of $65.61 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 1.28 and a beta of 0.90.
In other news, insider Michael J. Hannon sold 5,247 shares of the company’s stock in a transaction dated Tuesday, July 17th. The stock was sold at an average price of $141.38, for a total transaction of $741,820.86. Following the completion of the transaction, the insider now directly owns 58,239 shares of the company’s stock, valued at approximately $8,233,829.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Martin Pfinsgraff acquired 700 shares of the stock in a transaction dated Wednesday, July 18th. The shares were acquired at an average cost of $142.15 per share, with a total value of $99,505.00. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $149,257.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 34,247 shares of company stock valued at $4,830,351. Insiders own 0.38% of the company’s stock.
About PNC Financial Services Group
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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