The PNC Financial Services Group, Inc $PNC Shares Acquired by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC increased its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,068 shares of the financial services provider’s stock after purchasing an additional 326 shares during the quarter. HBK Sorce Advisory LLC’s holdings in The PNC Financial Services Group were worth $3,928,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PNC. Brighton Jones LLC lifted its holdings in The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 984 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in The PNC Financial Services Group in the 1st quarter valued at about $204,000. Alta Advisers Ltd lifted its holdings in The PNC Financial Services Group by 47.2% in the 1st quarter. Alta Advisers Ltd now owns 1,870 shares of the financial services provider’s stock valued at $329,000 after acquiring an additional 600 shares during the last quarter. Mather Group LLC. lifted its holdings in The PNC Financial Services Group by 4.5% in the 1st quarter. Mather Group LLC. now owns 5,274 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 226 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in The PNC Financial Services Group by 1.1% in the 1st quarter. Vontobel Holding Ltd. now owns 28,355 shares of the financial services provider’s stock valued at $4,984,000 after acquiring an additional 312 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PNC shares. Evercore ISI upped their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Citigroup upped their price target on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group upped their price target on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Bank of America upped their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Oppenheimer restated an “outperform” rating and set a $240.00 price objective (up previously from $235.00) on shares of The PNC Financial Services Group in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, The PNC Financial Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $218.47.

Insider Buying and Selling at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 1,080 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $186.97, for a total value of $201,927.60. Following the transaction, the executive vice president owned 27,335 shares in the company, valued at $5,110,824.95. This represents a 3.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $181.05 on Thursday. The stock’s 50-day moving average price is $196.56 and its two-hundred day moving average price is $185.66. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.06. The company has a market cap of $71.30 billion, a PE ratio of 11.70, a PEG ratio of 1.27 and a beta of 1.10. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.30. The firm had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.82 billion. The PNC Financial Services Group had a return on equity of 11.47% and a net margin of 19.30%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.49 EPS. On average, analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.8%. The PNC Financial Services Group’s dividend payout ratio is currently 43.93%.

The PNC Financial Services Group 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.