Constant Guidance Financial LLC Lowers Stock Holdings in The PNC Financial Services Group, Inc $PNC

Constant Guidance Financial LLC lowered its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 91.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,481 shares of the financial services provider’s stock after selling 15,479 shares during the quarter. Constant Guidance Financial LLC’s holdings in The PNC Financial Services Group were worth $309,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in The PNC Financial Services Group in the third quarter valued at about $25,000. Beacon Financial Strategies CORP acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth approximately $35,000. Cornerstone Planning Group LLC raised its position in shares of The PNC Financial Services Group by 2,100.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 176 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 168 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $37,000. Finally, Financial Life Planners acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PNC shares. JPMorgan Chase & Co. lifted their target price on shares of The PNC Financial Services Group from $237.50 to $238.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $235.00 price objective on shares of The PNC Financial Services Group in a research note on Wednesday, April 15th. Morgan Stanley boosted their price objective on shares of The PNC Financial Services Group from $263.00 to $267.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Jefferies Financial Group started coverage on shares of The PNC Financial Services Group in a research note on Thursday, March 26th. They set a “buy” rating and a $250.00 price objective for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of The PNC Financial Services Group in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and a consensus price target of $243.11.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $220.86 on Thursday. The PNC Financial Services Group, Inc has a 12 month low of $170.49 and a 12 month high of $243.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $88.69 billion, a P/E ratio of 12.83, a P/E/G ratio of 0.92 and a beta of 0.94. The company’s fifty day moving average price is $215.54 and its two-hundred day moving average price is $212.73.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.92 by $0.40. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.21 billion. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.51 EPS. On average, research analysts anticipate that The PNC Financial Services Group, Inc will post 18.93 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 14th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, April 14th. The PNC Financial Services Group’s dividend payout ratio is 39.51%.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.