Yousif Capital Management LLC Sells 2,122 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Yousif Capital Management LLC lessened its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,824 shares of the financial services provider’s stock after selling 2,122 shares during the quarter. Yousif Capital Management LLC’s holdings in The PNC Financial Services Group were worth $9,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in The PNC Financial Services Group by 73.2% in the 3rd quarter. International Assets Investment Management LLC now owns 4,118 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 1,740 shares during the last quarter. IFP Advisors Inc increased its stake in shares of The PNC Financial Services Group by 35.8% during the third quarter. IFP Advisors Inc now owns 3,742 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 987 shares in the last quarter. Summit Global Investments lifted its holdings in shares of The PNC Financial Services Group by 89.3% during the third quarter. Summit Global Investments now owns 3,564 shares of the financial services provider’s stock valued at $438,000 after purchasing an additional 1,681 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of The PNC Financial Services Group by 5.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 32,582 shares of the financial services provider’s stock worth $4,000,000 after purchasing an additional 1,746 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in shares of The PNC Financial Services Group by 0.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 11,615 shares of the financial services provider’s stock worth $1,372,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PNC shares. Bank of America increased their target price on The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. The Goldman Sachs Group upped their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. StockNews.com upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and boosted their price objective for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Finally, Evercore ISI reduced their target price 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, April 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $156.63.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the business’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 transaction of $446,460.00. Following the completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Trading Up 0.3 %

The PNC Financial Services Group stock traded up $0.45 during mid-day trading on Wednesday, hitting $158.06. The company’s stock had a trading volume of 1,275,646 shares, compared to its average volume of 2,131,412. The stock’s fifty day moving average is $152.28 and its two-hundred day moving average is $142.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $62.88 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates 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 PNC Financial Services Group’s revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.98 earnings per share. On average, analysts anticipate that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be issued a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 3.92%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 52.06%.

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.