Capital Analysts LLC Decreases Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Capital Analysts LLC lowered its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,929 shares of the financial services provider’s stock after selling 170 shares during the quarter. Capital Analysts LLC’s holdings in The PNC Financial Services Group were worth $454,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PNC. OFI Invest Asset Management purchased a new stake in The PNC Financial Services Group in the 3rd quarter worth approximately $25,000. BKM Wealth Management LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at $26,000. Tennessee Valley Asset Management Partners purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $26,000. Fortitude Family Office LLC purchased a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in shares of The PNC Financial Services Group by 350.0% during 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 during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PNC shares. Jefferies Financial Group lifted their target price on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a research report on Monday, April 8th. The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Evercore ISI dropped their price target on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday. Wells Fargo & Company increased their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, UBS Group boosted their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Hold” and an average target price of $156.46.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Trading Up 0.5 %

NYSE PNC opened at $147.25 on Thursday. The firm has a market capitalization of $58.58 billion, a PE ratio of 12.36, a P/E/G ratio of 1.69 and a beta of 1.18. The stock’s 50 day moving average is $151.80 and its 200 day moving average is $141.68. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $162.24. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The company’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.98 EPS. Research analysts forecast that The PNC Financial Services Group, Inc. will post 12.42 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is 52.06%.

About The PNC Financial Services Group

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.