Standard Life Aberdeen plc Has $34.34 Million Stock Holdings in PNC Financial Services Group Inc (NYSE:PNC)

Standard Life Aberdeen plc trimmed its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 3.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 215,110 shares of the financial services provider’s stock after selling 8,693 shares during the quarter. Standard Life Aberdeen plc’s holdings in PNC Financial Services Group were worth $34,338,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Cypress Capital Group increased its position in PNC Financial Services Group by 0.8% during the fourth quarter. Cypress Capital Group now owns 8,069 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 66 shares during the last quarter. Wedbush Securities Inc. lifted its position in shares of PNC Financial Services Group by 3.7% in the fourth quarter. Wedbush Securities Inc. now owns 1,976 shares of the financial services provider’s stock worth $315,000 after buying an additional 71 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its position in shares of PNC Financial Services Group by 2.7% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,743 shares of the financial services provider’s stock worth $438,000 after buying an additional 71 shares during the last quarter. Quest Capital Management Inc. ADV boosted its stake in shares of PNC Financial Services Group by 2.0% during the 4th quarter. Quest Capital Management Inc. ADV now owns 3,599 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 71 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in shares of PNC Financial Services Group by 0.7% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 10,870 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 82.60% of the company’s stock.

In related news, Director Charles E. Bunch bought 1,000 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $153.11 per share, for a total transaction of $153,110.00. Following the completion of the purchase, the director now owns 4,781 shares in the company, valued at $732,018.91. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew T. Feldstein bought 10,535 shares of PNC Financial Services Group stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $94.92 per share, with a total value of $999,982.20. Following the purchase, the director now owns 53,158 shares of the company’s stock, valued at approximately $5,045,757.36. The disclosure for this purchase can be found here. Insiders bought 21,302 shares of company stock valued at $2,153,135 over the last three months. 0.30% of the stock is owned by company insiders.

NYSE:PNC traded up $10.87 during mid-day trading on Thursday, hitting $102.92. 3,735,554 shares of the company’s stock traded hands, compared to its average volume of 2,845,113. The firm has a 50 day moving average of $127.85 and a two-hundred day moving average of $144.00. PNC Financial Services Group Inc has a 12 month low of $79.41 and a 12 month high of $161.79. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.92 by $0.05. PNC Financial Services Group had a return on equity of 10.91% and a net margin of 24.83%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the business posted $2.75 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts expect that PNC Financial Services Group Inc will post 11.47 earnings per share for the current year.

A number of research analysts recently weighed in on PNC shares. ValuEngine raised PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. UBS Group decreased their target price on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Thursday, February 27th. Royal Bank of Canada lowered shares of PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price target on the stock. in a research report on Monday, December 9th. Finally, Nomura restated a “hold” rating and issued a $155.00 price objective on shares of PNC Financial Services Group in a research note on Monday, January 27th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $149.73.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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.

Read More: Closed-End Mutual Funds (CEFs)

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

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