Valley Brook Capital Group Inc. Grows Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Valley Brook Capital Group Inc. grew its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,655 shares of the financial services provider’s stock after acquiring an additional 57 shares during the quarter. The PNC Financial Services Group comprises 1.4% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 18th largest holding. Valley Brook Capital Group Inc.’s holdings in The PNC Financial Services Group were worth $1,969,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC raised its holdings in The PNC Financial Services Group by 203.7% in the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 110 shares in the last quarter. Bank & Trust Co bought a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $26,000. LRI Investments LLC purchased a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $28,000. Y.D. More Investments Ltd bought a new stake in shares of The PNC Financial Services Group during the second quarter valued at approximately $33,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in The PNC Financial Services Group in the second quarter worth $38,000. Institutional investors own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PNC shares. Wells Fargo & Company boosted their target price on shares of The PNC Financial Services Group from $204.00 to $215.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup raised their target price on shares of The PNC Financial Services Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Stephens lifted their target price on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on The PNC Financial Services Group from $179.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods lifted their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $185.71.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $171.80, for a total transaction of $213,375.60. Following the completion of the sale, the chief executive officer now directly owns 557,185 shares in the company, valued at approximately $95,724,383. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Martin Pfinsgraff sold 859 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the transaction, the director now directly owns 915 shares of the company’s stock, valued at $170,299.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $171.80, for a total value of $213,375.60. Following the transaction, the chief executive officer now owns 557,185 shares of the company’s stock, valued at approximately $95,724,383. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,521 shares of company stock worth $2,653,950 in the last quarter. Company insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock traded down $2.97 during midday trading on Thursday, reaching $202.00. 124,668 shares of the company traded hands, compared to its average volume of 1,853,435. The PNC Financial Services Group, Inc. has a 12 month low of $118.56 and a 12 month high of $205.06. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day moving average of $184.75 and a two-hundred day moving average of $170.42. The firm has a market capitalization of $80.15 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.98 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the prior year, the firm earned $3.60 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts predict that The PNC Financial Services Group, Inc. will post 13.34 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group’s payout ratio is currently 54.10%.

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.