ACG Wealth boosted its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 2.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 34,930 shares of the financial services provider’s stock after buying an additional 902 shares during the period. ACG Wealth’s holdings in PNC Financial Services Group were worth $5,040,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Atlantic Trust LLC acquired a new stake in PNC Financial Services Group during the 2nd quarter worth approximately $129,000. Legacy Advisors LLC acquired a new stake in PNC Financial Services Group during the 3rd quarter worth approximately $136,000. Resources Investment Advisors Inc. raised its holdings in PNC Financial Services Group by 130.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 1,059 shares of the financial services provider’s stock worth $153,000 after buying an additional 600 shares during the period. Capital Guardian Trust Co. bought a new position in shares of PNC Financial Services Group during the 3rd quarter worth approximately $154,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of PNC Financial Services Group during the 4th quarter worth approximately $157,000. Hedge funds and other institutional investors own 81.98% of the company’s stock.

PNC Financial Services Group Inc (NYSE PNC) opened at $153.29 on Wednesday. PNC Financial Services Group Inc has a 52 week low of $115.25 and a 52 week high of $160.07. 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 $72,940.00, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.42 and a beta of 0.93.

PNC Financial Services Group (NYSE:PNC) last released 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. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business earned $1.97 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. research analysts anticipate that PNC Financial Services Group Inc will post 10.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Wednesday, January 17th were paid 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 1.96%. PNC Financial Services Group’s dividend payout ratio is presently 28.76%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of PNC Financial Services Group stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total transaction of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares of the company’s stock, valued at $9,070,044. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wyk Steven C. Van sold 5,000 shares of PNC Financial Services Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $140.98, for a total transaction of $704,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,894 shares of company stock valued at $14,897,513. Company insiders own 0.43% of the company’s stock.

Several brokerages have recently weighed in on PNC. Morgan Stanley raised their price target on shares of PNC Financial Services Group from $165.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. raised their price target on shares of PNC Financial Services Group from $139.50 to $140.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. BMO Capital Markets reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. Wells Fargo & Co set a $157.00 price target on shares of PNC Financial Services Group and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of PNC Financial Services Group in a research note on Tuesday, January 16th. Eighteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $145.98.

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PNC Financial Services Group Profile

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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