Cooke & Bieler LP decreased its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 352,124 shares of the financial services provider’s stock after selling 9,066 shares during the period. Cooke & Bieler LP’s holdings in PNC Financial Services Group were worth $50,808,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in shares of PNC Financial Services Group by 12.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 91 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of PNC Financial Services Group in the 2nd quarter worth $129,000. Legacy Advisors LLC acquired a new stake in shares of PNC Financial Services Group in the 3rd quarter worth $136,000. Quadrant Capital Group LLC boosted its position in shares of PNC Financial Services Group by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 4 shares in the last quarter. Finally, Resources Investment Advisors Inc. boosted its position in shares of PNC Financial Services Group by 130.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,059 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 600 shares in the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.

PNC Financial Services Group Inc (NYSE PNC) opened at $151.71 on Friday. The stock has a market capitalization of $73,310.00, a PE ratio of 14.55, a PEG ratio of 1.40 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. PNC Financial Services Group Inc has a fifty-two week low of $115.25 and a fifty-two week high of $160.07.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.97 EPS. sell-side analysts expect that PNC Financial Services Group Inc will post 10.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, January 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.98%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 28.76%.

In other news, insider Wyk Steven C. Van sold 5,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $140.98, for a total value of $704,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider E William Parsley III sold 46,307 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $143.43, for a total value of $6,641,813.01. Following the completion of the transaction, the insider now directly owns 132,544 shares of the company’s stock, valued at approximately $19,010,785.92. The disclosure for this sale can be found here. In the last three months, insiders sold 103,894 shares of company stock valued at $14,897,513. Insiders own 0.43% of the company’s stock.

A number of analysts have recently weighed in on PNC shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $162.00 price objective on shares of PNC Financial Services Group in a research report on Friday, December 29th. Morgan Stanley lifted their price target on PNC Financial Services Group from $165.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Tuesday, October 31st. Goldman Sachs Group cut PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $150.00 price target on shares of PNC Financial Services Group in a research report on Friday, January 5th. Eighteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $145.98.

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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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