Donaldson Capital Management LLC Cuts Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Donaldson Capital Management LLC lowered its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,413 shares of the financial services provider’s stock after selling 436 shares during the period. Donaldson Capital Management LLC’s holdings in The PNC Financial Services Group were worth $1,148,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC purchased a new stake in shares of The PNC Financial Services Group in the 4th quarter worth approximately $26,000. Tennessee Valley Asset Management Partners bought a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC lifted its position in The PNC Financial Services Group by 350.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Fortitude Family Office LLC bought a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $28,000. Finally, OFI Invest Asset Management bought a new position in The PNC Financial Services Group in the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PNC. Morgan Stanley upped their price objective on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods increased their price target on The PNC Financial Services Group from $145.00 to $152.00 and gave the company an “underperform” rating in a report on Friday, April 5th. Evercore ISI increased their price target on The PNC Financial Services Group from $180.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. HSBC raised The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their price target for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Finally, Jefferies Financial Group increased their price target on The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus target price of $157.10.

The PNC Financial Services Group Price Performance

PNC stock traded down $4.15 during trading on Tuesday, reaching $145.41. The company’s stock had a trading volume of 781,460 shares, compared to its average volume of 2,121,435. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $162.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $57.85 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The company’s fifty day moving average is $151.88 and its 200-day moving average is $141.47.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.05 by $0.05. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the business posted $3.98 EPS. The PNC Financial Services Group’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, research analysts expect that The PNC Financial Services Group, Inc. will post 12.42 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a yield of 4.26%. The PNC Financial Services Group’s payout ratio is presently 48.48%.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the transaction, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.