Economy

Ex-Dividend Reminder: Graham Holdings, Saul Centers and PNC Financial Services Group

Harbour Capital Advisors LLC now owns 798,918 shares of the financial services provider's stock worth $6,398,000 after acquiring an additional 797,080 shares during the period. PNC Financial Services Group, Inc.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC.

The consensus recommendation - averaging the work of 29 analysts - of 2.4 for The PNC Financial Services Group, Inc. (The) by 1.8% during the second quarter. They expect this year's earnings to rise 14.79% year-over-year to $8.38, followed by 10.86% growth in the next year to $9.29.

Analyst Thoughts About The PNC Financial Services Group, Inc. (The) by 1.3% during the second quarter. Prescott Group Capital Management L.L.C., a Oklahoma-based fund reported 207,852 shares. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider's stock worth $298,281,000 after acquiring an additional 1,686,944 shares in the last quarter. The institutional investor held 33,135 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q2, valued at $238,000, down from 123,457 at the end of the previous reported quarter. (The) by 7.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 620,524 shares of the financial services provider's stock valued at $77,485,000 after buying an additional 70,962 shares in the last quarter. Princeton Port Strategies Group Ltd Liability has 16,738 shares. After a recent check, company stock has been trading near the $135.18 mark.

A number of equities research analysts have commented on PNC shares. PNC Financial Services has $144 highest and $86 lowest target. The stock has "Neutral" rating by Citigroup on Tuesday, September 20. Citigroup Inc. now has a $144.00 price target on the financial services provider's stock, up from their previous price target of $125.00. The rating was initiated by DA Davidson on Thursday, June 9 with "Neutral". Blue Rock Advisors LLC bought a new stake in shares of PNC Financial Services Group during the third quarter worth approximately $990,000. As per Wednesday, June 29, the company rating was maintained by Scotia Capital. Citadel reported 0.06% in PNC Financial Services Group Inc (NYSE:PNC). (The) in a research report on Friday, June 23rd. Keefe Bruyette & Woods initiated PNC Financial Services Group Inc (NYSE:PNC) on Wednesday, August 31 with "Outperform" rating. (The) in a research report on Wednesday, August 9th. They set a "market perform" rating and a $119.00 target price on the stock.

Among 3 analysts covering Continental Gold Limited (TSE:CNL), 3 have Buy rating, 0 Sell and 0 Hold. The correct version of this story can be viewed at https://www.truebluetribune.com/2017/10/12/pnc-financial-services-group-inc-the-pnc-holdings-trimmed-by-boston-common-asset-management-llc.html. (The) presently has an average rating of "Hold" and a consensus price target of $129.26.

TRADEMARK VIOLATION NOTICE: This article was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and global trademark and copyright laws. Community Bank Na reported 3,413 shares. (NYSE:PNC) opened at 136.49 on Thursday. The company has a 50 day moving average price of $130.03 and a 200-day moving average price of $124.94. PNC Financial Services Group Inc (NYSE:PNC) has risen 35.14% since October 12, 2016 and is uptrending. 15 were reported by Point72 Asia (Hong Kong) Ltd. Pinnacle Financial Prns has invested 0.05% in PNC Financial Services Group Inc (NYSE:PNC).

Analysts had expected the company to earn $2.13 per share, according figures compiled by Thomson Reuters. The business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.79 billion. After having $2.10 EPS previously, PNC Financial Services Group Inc's analysts see 0.95% EPS growth.

Net income rose 12% from a year earlier to $1.1 billion as the Pittsburgh company overcame lower noninterest income and higher loan-loss provisions. This is assuming the current $2.12 EPS is accurate. This buyback authorization permits the financial services provider to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued. Shareholders of record on Tuesday, October 17th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, October 16th. (The)'s dividend payout ratio is now 38.12%. Dundee Securities maintained the shares of CNL in report on Thursday, August 18 with " rating. Charter Equity downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) on Wednesday, July 20 to "Mkt Underperform" rating. The stock was sold at an average price of $128.31, for a total value of $641,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. (The) stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $126.45, for a total transaction of $3,048,835.95. Following the completion of the transaction, the insider now owns 23,820 shares of the company's stock, valued at $3,058,488. The disclosure for this sale can be found here. Retail Bank Of Montreal Can holds 0% of its portfolio in Encore Capital Group, Inc. Pnc Finl Svcs Group Inc now has $65.23B valuation.



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