Maple Capital Management Inc. Buys 2,836 Shares of PNC Financial Services Group Inc (PNC)

Maple Capital Management Inc. lifted its stake in PNC Financial Services Group Inc (NYSE:PNC) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,428 shares of the financial services provider’s stock after buying an additional 2,836 shares during the period. PNC Financial Services Group comprises approximately 2.6% of Maple Capital Management Inc.’s holdings, making the stock its 12th largest holding. Maple Capital Management Inc.’s holdings in PNC Financial Services Group were worth $10,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oakworth Capital Inc. increased its stake in shares of PNC Financial Services Group by 15.5% in the 4th quarter. Oakworth Capital Inc. now owns 640 shares of the financial services provider’s stock valued at $75,000 after buying an additional 86 shares during the period. Adviser Investments LLC increased its stake in shares of PNC Financial Services Group by 2.7% in the 4th quarter. Adviser Investments LLC now owns 3,509 shares of the financial services provider’s stock valued at $410,000 after buying an additional 91 shares during the period. Cohen & Steers Inc. increased its stake in shares of PNC Financial Services Group by 0.6% in the 3rd quarter. Cohen & Steers Inc. now owns 16,001 shares of the financial services provider’s stock valued at $2,179,000 after buying an additional 96 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of PNC Financial Services Group by 31.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 409 shares of the financial services provider’s stock valued at $48,000 after buying an additional 97 shares during the period. Finally, Indiana Trust & Investment Management CO increased its stake in shares of PNC Financial Services Group by 3.8% in the 4th quarter. Indiana Trust & Investment Management CO now owns 2,735 shares of the financial services provider’s stock valued at $320,000 after buying an additional 100 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

NYSE:PNC opened at $129.86 on Friday. PNC Financial Services Group Inc has a 12-month low of $108.45 and a 12-month high of $160.96. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.88 and a current ratio of 0.87. The firm has a market capitalization of $58.91 billion, a PE ratio of 12.13, a P/E/G ratio of 1.51 and a beta of 1.05.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.04). PNC Financial Services Group had a return on equity of 11.23% and a net margin of 26.51%. The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts forecast that PNC Financial Services Group Inc will post 11.32 EPS for the current fiscal year.

Several research firms have recently commented on PNC. Goldman Sachs Group cut PNC Financial Services Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $154.00 to $144.00 in a research note on Monday, January 7th. Macquarie raised PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 6th. Deutsche Bank cut PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $123.89 target price for the company. in a research note on Friday, January 25th. Credit Suisse Group reduced their price target on PNC Financial Services Group from $150.00 to $146.00 and set a “neutral” rating on the stock in a research report on Friday, December 7th. Finally, Royal Bank of Canada reduced their price target on PNC Financial Services Group to $150.00 and set an “average” rating on the stock in a research report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $145.45.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 5,000 shares of PNC Financial Services Group stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $124.82, for a total transaction of $624,100.00. Following the transaction, the insider now directly owns 53,239 shares in the company, valued at $6,645,291.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Pfinsgraff bought 500 shares of PNC Financial Services Group stock in a transaction on Thursday, February 21st. The shares were acquired at an average price of $125.69 per share, for a total transaction of $62,845.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company insiders.

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

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