Telos Capital Management Inc. Sells 3,748 Shares of PNC Financial Services Group, Inc. (The) (PNC)

Telos Capital Management Inc. reduced its stake in shares of PNC Financial Services Group, Inc. (The) (NYSE:PNC) by 18.0% during the first quarter, Holdings Channel reports. The fund owned 17,088 shares of the financial services provider’s stock after selling 3,748 shares during the period. Telos Capital Management Inc.’s holdings in PNC Financial Services Group, Inc. (The) were worth $2,055,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in PNC Financial Services Group, Inc. (The) during the fourth quarter valued at approximately $117,000. Sunbelt Securities Inc. acquired a new position in PNC Financial Services Group, Inc. (The) during the fourth quarter valued at approximately $142,000. Ledyard National Bank raised its position in PNC Financial Services Group, Inc. (The) by 532.1% in the first quarter. Ledyard National Bank now owns 1,182 shares of the financial services provider’s stock valued at $142,000 after buying an additional 995 shares during the last quarter. Pinnacle Bank acquired a new position in PNC Financial Services Group, Inc. (The) during the first quarter valued at approximately $157,000. Finally, Quadrant Capital Group LLC raised its position in PNC Financial Services Group, Inc. (The) by 2.8% in the first quarter. Quadrant Capital Group LLC now owns 1,413 shares of the financial services provider’s stock valued at $162,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 81.33% of the company’s stock.

Institutional Ownership by Quarter for PNC Financial Services Group, Inc. (The) (NYSE:PNC)

Shares of PNC Financial Services Group, Inc. (PNC) opened at 123.79 on Tuesday. PNC Financial Services Group, Inc. has a 12 month low of $77.40 and a 12 month high of $131.83. The stock has a 50 day moving average price of $121.18 and a 200 day moving average price of $120.57. The stock has a market cap of $59.90 billion, a P/E ratio of 16.32 and a beta of 0.91.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last posted its earnings results on Thursday, April 13th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.13. PNC Financial Services Group, Inc. (The) had a return on equity of 9.05% and a net margin of 24.31%. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period last year, the company earned $1.68 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PNC Financial Services Group, Inc. will post $8.22 EPS for the current fiscal year.

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Several research firms recently commented on PNC. Zacks Investment Research upgraded PNC Financial Services Group, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, February 28th. Hilliard Lyons lowered PNC Financial Services Group, Inc. (The) from a “neutral” rating to an “underperform” rating and set a $127.00 target price for the company. in a research note on Thursday, March 2nd. Keefe, Bruyette & Woods set a $125.00 target price on PNC Financial Services Group, Inc. (The) and gave the company a “hold” rating in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 target price on shares of PNC Financial Services Group, Inc. (The) in a research note on Wednesday, April 5th. Finally, Piper Jaffray Companies dropped their target price on PNC Financial Services Group, Inc. (The) from $136.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. PNC Financial Services Group, Inc. (The) has an average rating of “Hold” and a consensus target price of $114.74.

About PNC Financial Services Group, Inc. (The)

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PNC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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