Fulton Breakefield Broenniman LLC Sells 370 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Fulton Breakefield Broenniman LLC lessened its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,463 shares of the financial services provider’s stock after selling 370 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in The PNC Financial Services Group were worth $1,010,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Integrated Advisors Network LLC grew its holdings in shares of The PNC Financial Services Group by 7.3% in the fourth quarter. Integrated Advisors Network LLC now owns 2,182 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 148 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of The PNC Financial Services Group by 16.0% in the fourth quarter. EP Wealth Advisors LLC now owns 3,293 shares of the financial services provider’s stock valued at $510,000 after acquiring an additional 453 shares during the period. Nomura Holdings Inc. bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $1,243,000. Los Angeles Capital Management LLC boosted its holdings in shares of The PNC Financial Services Group by 526.5% during the first quarter. Los Angeles Capital Management LLC now owns 12,888 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 10,831 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of The PNC Financial Services Group by 7.5% in the first quarter. GAMMA Investing LLC now owns 1,895 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $189.92 on Thursday. The stock has a market cap of $75.57 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 2.01 and a beta of 1.14. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $196.64. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s 50-day moving average is $180.07 and its 200 day moving average is $166.78.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.53%. The firm had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same period in the prior year, the company posted $3.60 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 13.18 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th will be paid a $1.60 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.37%. The PNC Financial Services Group’s dividend payout ratio is presently 53.74%.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, President Michael P. Lyons sold 11,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $181.58, for a total transaction of $1,997,380.00. Following the completion of the sale, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, President Michael P. Lyons sold 11,000 shares of The PNC Financial Services Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $181.58, for a total transaction of $1,997,380.00. Following the transaction, the president now directly owns 199,095 shares of the company’s stock, valued at $36,151,670.10. 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, July 19th. The shares were sold at an average price of $176.67, for a total value of $219,424.14. Following the transaction, the chief executive officer now owns 562,153 shares of the company’s stock, valued at approximately $99,315,570.51. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,662 shares of company stock worth $4,442,555 in the last three months. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PNC. Keefe, Bruyette & Woods increased their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a report on Wednesday. Barclays raised their price target on The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an “overweight” rating in a research note on Wednesday. Evercore ISI boosted their price objective on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup upped their price objective on shares of The PNC Financial Services Group from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, UBS Group lifted their target price on shares of The PNC Financial Services Group from $179.00 to $198.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $185.71.

About The PNC Financial Services Group

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.