Donald L. Hagan LLC lifted its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 20.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,789 shares of the financial services provider’s stock after acquiring an additional 1,309 shares during the quarter. Donald L. Hagan LLC’s holdings in PNC Financial Services Group were worth $1,181,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cypress Capital Group boosted its holdings in shares of PNC Financial Services Group by 0.8% in the fourth quarter. Cypress Capital Group now owns 8,069 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 66 shares during the period. Wedbush Securities Inc. boosted its holdings in shares of PNC Financial Services Group by 3.7% in the fourth quarter. Wedbush Securities Inc. now owns 1,976 shares of the financial services provider’s stock worth $315,000 after buying an additional 71 shares during the period. City Holding Co. boosted its holdings in shares of PNC Financial Services Group by 1.7% in the third quarter. City Holding Co. now owns 4,273 shares of the financial services provider’s stock worth $599,000 after buying an additional 72 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in shares of PNC Financial Services Group by 0.7% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 10,870 shares of the financial services provider’s stock worth $1,736,000 after buying an additional 72 shares during the period. Finally, Canal Capital Management LLC boosted its holdings in shares of PNC Financial Services Group by 0.8% in the third quarter. Canal Capital Management LLC now owns 9,278 shares of the financial services provider’s stock worth $1,300,000 after buying an additional 73 shares during the period. 79.40% of the stock is currently owned by institutional investors.

In related news, CAO Gregory B. Jordan sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $152.50, for a total transaction of $1,448,750.00. Following the transaction, the chief accounting officer now owns 48,725 shares of the company’s stock, valued at $7,430,562.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William S. Demchak sold 129,400 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $152.10, for a total transaction of $19,681,740.00. Following the transaction, the chief executive officer now directly owns 370,790 shares in the company, valued at approximately $56,397,159. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 174,623 shares of company stock worth $26,594,817. Insiders own 0.37% of the company’s stock.

Several research analysts have commented on PNC shares. UBS Group decreased their target price on shares of PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Wednesday, January 8th. Bank of America upgraded shares of PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $144.00 to $178.00 in a report on Thursday, January 9th. Citigroup raised their target price on shares of PNC Financial Services Group from $139.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, Wells Fargo & Co raised their target price on shares of PNC Financial Services Group from $134.00 to $147.00 and gave the stock a “market perform” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $155.35.

Shares of PNC stock traded down $1.63 during trading on Friday, hitting $151.08. 354,093 shares of the company were exchanged, compared to its average volume of 1,894,896. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.91. The firm has a market capitalization of $67.79 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.64 and a beta of 1.15. The business’s 50-day simple moving average is $157.57 and its 200 day simple moving average is $144.78. PNC Financial Services Group Inc has a twelve month low of $118.70 and a twelve month high of $161.79.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.92 by $0.05. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.48 billion. PNC Financial Services Group had a net margin of 24.83% and a return on equity of 10.92%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company posted $2.75 earnings per share. On average, equities analysts forecast that PNC Financial Services Group Inc will post 11.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Friday, January 17th will be given a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, January 16th. PNC Financial Services Group’s payout ratio is presently 40.39%.

PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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