The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by PFS Investments Inc.

PFS Investments Inc. lifted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,719 shares of the financial services provider’s stock after purchasing an additional 1,370 shares during the period. PFS Investments Inc.’s holdings in The PNC Financial Services Group were worth $4,006,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Williams Jones Wealth Management LLC. boosted its holdings in shares of The PNC Financial Services Group by 12.8% during the 1st quarter. Williams Jones Wealth Management LLC. now owns 40,917 shares of the financial services provider’s stock worth $7,547,000 after purchasing an additional 4,645 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $315,000. ING Groep NV lifted its holdings in The PNC Financial Services Group by 51.3% in the first quarter. ING Groep NV now owns 83,435 shares of the financial services provider’s stock valued at $15,390,000 after acquiring an additional 28,273 shares during the last quarter. Ancora Advisors LLC lifted its holdings in The PNC Financial Services Group by 21.7% in the first quarter. Ancora Advisors LLC now owns 7,393 shares of the financial services provider’s stock valued at $1,297,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in The PNC Financial Services Group by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,124,027 shares of the financial services provider’s stock valued at $391,778,000 after acquiring an additional 51,860 shares during the last quarter. 81.89% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Up 0.9 %

The PNC Financial Services Group stock opened at $164.34 on Monday. The PNC Financial Services Group, Inc. has a twelve month low of $146.39 and a twelve month high of $228.14. The stock’s fifty day simple moving average is $163.28 and its 200-day simple moving average is $170.22. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $67.40 billion, a P/E ratio of 12.86, a P/E/G ratio of 2.45 and a beta of 1.21.

The PNC Financial Services Group (NYSE:PNCGet Rating) last posted its earnings results on Friday, July 15th. The financial services provider reported $3.42 EPS for the quarter, beating the consensus estimate of $3.11 by $0.31. The firm had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.13 billion. The PNC Financial Services Group had a return on equity of 11.93% and a net margin of 27.32%. The PNC Financial Services Group’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.50 earnings per share. As a group, equities analysts expect that The PNC Financial Services Group, Inc. will post 14.49 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Wednesday, July 13th were issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.65%. The ex-dividend date was Tuesday, July 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael P. Lyons sold 3,500 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $166.96, for a total value of $584,360.00. Following the transaction, the executive vice president now owns 174,651 shares of the company’s stock, valued at $29,159,730.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on PNC shares. Barclays decreased their price objective on The PNC Financial Services Group from $250.00 to $222.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Wolfe Research decreased their price objective on The PNC Financial Services Group from $223.00 to $177.00 and set an “outperform” rating on the stock in a report on Thursday, May 26th. Morgan Stanley upped their price objective on The PNC Financial Services Group from $168.00 to $180.00 in a report on Monday, July 18th. Credit Suisse Group decreased their price target on The PNC Financial Services Group from $172.00 to $170.00 and set a “neutral” rating on the stock in a research note on Monday, July 18th. Finally, Evercore ISI set a $175.00 price target on The PNC Financial Services Group in a research note on Tuesday, July 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $197.63.

The PNC Financial Services Group Profile

(Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of 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.

Further Reading

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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