The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 17.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,993 shares of the financial services provider’s stock after acquiring an additional 2,068 shares during the period. Advisory Services Network LLC’s holdings in The PNC Financial Services Group were worth $2,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of The PNC Financial Services Group by 0.4% during the 4th quarter. Cetera Investment Advisers now owns 14,417 shares of the financial services provider’s stock worth $2,891,000 after buying an additional 53 shares during the last quarter. Hoylecohen LLC lifted its position in shares of The PNC Financial Services Group by 4.1% during the 4th quarter. Hoylecohen LLC now owns 1,458 shares of the financial services provider’s stock worth $292,000 after buying an additional 58 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of The PNC Financial Services Group by 5.4% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,176 shares of the financial services provider’s stock worth $236,000 after buying an additional 60 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in shares of The PNC Financial Services Group by 0.6% during the 4th quarter. Lake Street Advisors Group LLC now owns 10,492 shares of the financial services provider’s stock worth $2,104,000 after buying an additional 63 shares during the last quarter. Finally, Humankind Investments LLC lifted its position in shares of The PNC Financial Services Group by 4.5% during the 4th quarter. Humankind Investments LLC now owns 1,467 shares of the financial services provider’s stock worth $294,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 81.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays reduced their price target on shares of The PNC Financial Services Group from $250.00 to $222.00 and set an “overweight” rating for the company in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The PNC Financial Services Group from $215.00 to $200.00 and set a “hold” rating for the company in a research report on Monday, September 12th. Evercore ISI set a $175.00 price target on shares of The PNC Financial Services Group in a research report on Tuesday, July 19th. Wells Fargo & Company reduced their price target on shares of The PNC Financial Services Group from $227.00 to $202.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Finally, Raymond James downgraded shares of The PNC Financial Services Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $197.78.

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $163.83 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.75. The PNC Financial Services Group, Inc. has a fifty-two week low of $146.39 and a fifty-two week high of $228.14. The stock has a market cap of $67.19 billion, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.21. The firm’s fifty day simple moving average is $163.48 and its 200-day simple moving average is $169.61.

The PNC Financial Services Group (NYSE:PNCGet Rating) last issued its quarterly earnings data on Friday, July 15th. The financial services provider reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. The firm had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $5.13 billion. The PNC Financial Services Group had a net margin of 27.32% and a return on equity of 11.93%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.50 EPS. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Wednesday, July 13th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $6.00 dividend on an annualized basis and a yield of 3.66%. The PNC Financial Services Group’s payout ratio is 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 dated Tuesday, August 23rd. The shares were sold at an average price of $166.96, for a total value of $584,360.00. Following the sale, the executive vice president now directly owns 174,651 shares of the company’s stock, valued at approximately $29,159,730.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

The PNC Financial Services Group Company Profile

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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.

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

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