The PNC Financial Services Group, Inc. (NYSE:PNC) Position Increased by Financial Management Professionals Inc.

Financial Management Professionals Inc. boosted its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,780 shares of the financial services provider’s stock after acquiring an additional 337 shares during the quarter. Financial Management Professionals Inc.’s holdings in The PNC Financial Services Group were worth $536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of The PNC Financial Services Group by 9.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 29,510 shares of the financial services provider’s stock valued at $4,588,000 after acquiring an additional 2,670 shares during the period. Blair William & Co. IL boosted its holdings in The PNC Financial Services Group by 216.5% during the second quarter. Blair William & Co. IL now owns 45,739 shares of the financial services provider’s stock worth $7,112,000 after buying an additional 31,289 shares during the last quarter. XTX Topco Ltd acquired a new position in The PNC Financial Services Group during the second quarter valued at approximately $512,000. Intech Investment Management LLC raised its position in shares of The PNC Financial Services Group by 65.9% during the second quarter. Intech Investment Management LLC now owns 3,003 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,193 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of The PNC Financial Services Group by 22.0% in the second quarter. Ieq Capital LLC now owns 14,976 shares of the financial services provider’s stock valued at $2,328,000 after buying an additional 2,697 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Insiders Place Their Bets

In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the transaction, the director now owns 915 shares in the company, valued at $170,299.80. This represents a 48.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, November 1st. The shares were sold at an average price of $189.50, for a total transaction of $235,359.00. Following the completion of the transaction, the chief executive officer now owns 543,523 shares in the company, valued at approximately $102,997,608.50. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,030 shares of company stock valued at $5,928,202 over the last 90 days. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price objective on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Stephens reiterated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday. Citigroup raised their target price on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Morgan Stanley raised their price target on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the company an “underweight” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $205.00.

The PNC Financial Services Group Trading Up 0.9 %

Shares of NYSE PNC opened at $198.36 on Friday. The PNC Financial Services Group, Inc. has a 1-year low of $139.69 and a 1-year high of $216.26. The business has a fifty day moving average price of $201.40 and a 200 day moving average price of $187.03. 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 stock has a market capitalization of $78.71 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.16 earnings per share. Equities research analysts expect that The PNC Financial Services Group, Inc. will post 13.47 EPS 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 Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date is Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.23%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 54.10%.

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.