Osborn Williams & Donohoe LLC decreased its position in PNC Financial Services Group Inc (NYSE:PNC) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,049 shares of the financial services provider’s stock after selling 869 shares during the period. Osborn Williams & Donohoe LLC’s holdings in PNC Financial Services Group were worth $5,923,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of PNC Financial Services Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 32,555,070 shares of the financial services provider’s stock worth $4,065,151,000 after purchasing an additional 589,235 shares in the last quarter. BlackRock Inc. increased its stake in shares of PNC Financial Services Group by 1.3% during the second quarter. BlackRock Inc. now owns 27,475,136 shares of the financial services provider’s stock worth $3,430,820,000 after purchasing an additional 341,222 shares in the last quarter. FMR LLC increased its stake in shares of PNC Financial Services Group by 13.9% during the second quarter. FMR LLC now owns 15,676,614 shares of the financial services provider’s stock worth $1,957,539,000 after purchasing an additional 1,915,923 shares in the last quarter. Capital World Investors increased its stake in shares of PNC Financial Services Group by 6.9% during the second quarter. Capital World Investors now owns 10,112,603 shares of the financial services provider’s stock worth $1,262,761,000 after purchasing an additional 654,997 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of PNC Financial Services Group by 5.2% during the second quarter. Capital Research Global Investors now owns 9,765,274 shares of the financial services provider’s stock worth $1,219,390,000 after purchasing an additional 479,861 shares in the last quarter. 82.06% of the stock is owned by institutional investors.

PNC Financial Services Group Inc (NYSE:PNC) traded up $1.54 during trading hours on Monday, reaching $155.25. 2,735,600 shares of the company’s stock traded hands, compared to its average volume of 2,622,931. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm has a market cap of $73,620.00, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. PNC Financial Services Group Inc has a 12 month low of $115.25 and a 12 month high of $156.15.

PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. PNC Financial Services Group’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 EPS. sell-side analysts anticipate that PNC Financial Services Group Inc will post 10.21 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 annualized dividend and a yield of 1.93%. PNC Financial Services Group’s payout ratio is 28.76%.

In other news, insider Michael J. Hannon sold 8,011 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the transaction, the insider now directly owns 58,820 shares in the company, valued at approximately $9,070,044. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Orlando C. Esposito sold 4,505 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $138.85, for a total transaction of $625,519.25. The disclosure for this sale can be found here. Insiders sold a total of 111,534 shares of company stock worth $15,952,465 over the last quarter. 0.43% of the stock is currently owned by company insiders.

PNC has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $162.00 target price on shares of PNC Financial Services Group in a research note on Friday, December 29th. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price for the company in a research note on Tuesday, October 31st. Goldman Sachs Group cut shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group reissued a “hold” rating and set a $150.00 target price on shares of PNC Financial Services Group in a research note on Friday, January 5th. Finally, UBS Group boosted their target price on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, October 16th. Eighteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $144.02.

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About PNC Financial Services Group

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.

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

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