B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund trimmed its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 55.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,432 shares of the financial services provider’s stock after selling 8,084 shares during the quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in PNC Financial Services Group were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Stelac Advisory Services LLC bought a new position in PNC Financial Services Group in the 1st quarter worth approximately $102,000. Braun Bostich & Associates Inc. bought a new position in PNC Financial Services Group in the 1st quarter worth approximately $105,000. Moneta Group Investment Advisors LLC bought a new position in PNC Financial Services Group in the 2nd quarter worth approximately $143,000. Landaas & Co. WI ADV bought a new position in PNC Financial Services Group in the 2nd quarter worth approximately $147,000. Finally, Archford Capital Strategies LLC increased its position in PNC Financial Services Group by 197.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock worth $147,000 after buying an additional 723 shares during the period. Institutional investors and hedge funds own 79.83% of the company’s stock.

Shares of NYSE PNC opened at $138.52 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $63.23 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.24 and a beta of 0.92. PNC Financial Services Group Inc has a 12 month low of $130.46 and a 12 month high of $163.59.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.14. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.23 billion. PNC Financial Services Group had a return on equity of 10.33% and a net margin of 30.40%. On average, research analysts forecast that PNC Financial Services Group Inc will post 10.71 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 5th. Shareholders of record on Wednesday, October 17th will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.74%. PNC Financial Services Group’s dividend payout ratio is currently 44.71%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 5,247 shares of PNC Financial Services Group stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $141.38, for a total value of $741,820.86. Following the transaction, the insider now directly owns 58,239 shares of the company’s stock, valued at approximately $8,233,829.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Q. Reilly sold 24,710 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $140.49, for a total value of $3,471,507.90. Following the completion of the transaction, the executive vice president now directly owns 131,020 shares in the company, valued at $18,406,999.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,957 shares of company stock worth $8,301,859. Company insiders own 0.38% of the company’s stock.

PNC Financial Services Group 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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