<div id="readability-page-1"><p>Exchange Traded Concepts LLC grew its holdings in  The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 289.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor  owned 11,754 shares of the financial services provider's stock after purchasing an additional 8,739 shares during the quarter. Exchange Traded Concepts LLC's holdings in The PNC Financial Services Group were worth $2,362,000 as of its most recent SEC filing.</p><ul><li>3 Regional Bank Stocks That Crushed Q3 Earnings</li></ul><p>Several other institutional investors and hedge funds have also made changes to their positions in PNC. IMG Wealth Management Inc. acquired a new stake in shares of  The PNC Financial Services Group in the second quarter valued at approximately $27,000.  Saudi Central Bank purchased a new stake in  The PNC Financial Services Group in the 1st quarter valued at $27,000.  Concord Wealth Partners increased its stake in shares of  The PNC Financial Services Group by 144.9% in the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock worth $32,000 after acquiring an additional 100 shares during the last quarter.  FNY Investment Advisers LLC acquired a new stake in shares of  The PNC Financial Services Group in the 2nd quarter worth $37,000.  Finally, WPG Advisers LLC purchased a new position in shares of  The PNC Financial Services Group during the 1st quarter worth $36,000. 83.53% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several research firms recently issued reports on PNC. Citigroup raised their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, September 23rd. Truist Financial raised their price target on shares of The PNC Financial Services Group from $210.00 to $229.00 and gave the stock a &#34;hold&#34; rating in a report on Thursday, December 18th. Weiss Ratings  reaffirmed a &#34;buy (b)&#34; rating on shares of The PNC Financial Services Group in a research report on Monday. UBS Group increased their price objective on The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, October 7th. Finally, Evercore ISI raised their target price on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an &#34;outperform&#34; rating in a research note on Tuesday, September 30th. One research analyst  has rated the stock with a Strong Buy rating, fifteen have issued  a Buy rating, five have given a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $219.11.</p><ul><li>MarketBeat Week in Review – 09/22 - 09/26</li></ul><p><b>Read Our Latest Stock Report on The PNC Financial Services Group</b></p><h2>The PNC Financial Services Group Stock Up 0.7%</h2><p>The PNC Financial Services Group stock opened at $213.48 on Friday. The company has a market capitalization of $83.72 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $214.59. The firm has a 50 day moving average price of $192.54 and a 200 day moving average price of $193.35. </p><ul><li>After the Fed's Rate Cut, PNC Could See a Mortgage Refinance Boom</li></ul><p>The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $4.35 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.30. The PNC Financial Services Group had a return on equity of 11.47% and a net margin of 19.30%.The company had revenue of $5.92 billion for the quarter, compared to analysts' expectations of $5.82 billion. During the same period in the prior year, the firm earned $3.49 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year.  Research analysts expect that  The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year. </p><h2>The PNC Financial Services Group Dividend Announcement</h2><p>The company also recently announced a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.2%. The PNC Financial Services Group's dividend payout ratio  is presently 43.93%. </p><h2>Insider Transactions at The PNC Financial Services Group</h2><p>In other news, EVP Michael Duane Thomas sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total value of $183,570.00. Following the completion of the transaction, the executive vice president owned 5,802 shares of the company's stock, valued at approximately $1,065,073.14. This trade represents a 14.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Guild Deborah sold 1,080 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $186.97, for a total transaction of $201,927.60. Following the completion of the transaction, the executive vice president owned 27,335 shares of the company's stock, valued at $5,110,824.95. This trade represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own  0.41% of the company's stock. </p><h2>About The PNC Financial Services Group</h2> (Free Report)<p>The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.  </p><p>PNC's core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than The PNC Financial Services Group</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Strange Crystal Metal Outperforms Silicon Up to 100X</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><strong>Want to see what other hedge funds are holding PNC?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc (NYSE:PNC - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVBOQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in The PNC Financial Services Group Right Now?</h2><p>Before you consider The PNC Financial Services Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The PNC Financial Services Group wasn't on the list.</p><p>While The PNC Financial Services Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Exchange Traded Concepts LLC increased its holdings in The PNC Financial Services Group, Inc by 289.9% in Q3. Analysts have issued various ratings, with Citigroup, Truist Financial, UBS Group, and Evercore ISI raising price targets. PNC's stock opened at $213.48, with a market cap of $83.72 billion. The company reported Q3 earnings of $4.35 per share, beating estimates. Analysts forecast PNC will post 15.37 EPS for the year.</p>

Exchange Traded Concepts LLC Increases Position in The PNC Financial Services Group, Inc $PNC