Good Life Advisors LLC Reduces Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Good Life Advisors LLC reduced its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,466 shares of the financial services provider’s stock after selling 786 shares during the quarter. Good Life Advisors LLC’s holdings in The PNC Financial Services Group were worth $227,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Well Done LLC purchased a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at $247,000. Planned Solutions Inc. purchased a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at $84,000. IFG Advisory LLC raised its position in shares of The PNC Financial Services Group by 32.5% during the 4th quarter. IFG Advisory LLC now owns 3,076 shares of the financial services provider’s stock valued at $476,000 after buying an additional 755 shares in the last quarter. Columbia Trust Co 01012016 raised its position in shares of The PNC Financial Services Group by 11.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,762 shares of the financial services provider’s stock valued at $1,512,000 after buying an additional 982 shares in the last quarter. Finally, Schechter Investment Advisors LLC grew its holdings in shares of The PNC Financial Services Group by 2.6% during the 4th quarter. Schechter Investment Advisors LLC now owns 5,361 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 134 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Up 1.0 %

NYSE:PNC opened at $161.60 on Friday. The company has a 50-day moving average price of $150.26 and a 200-day moving average price of $138.41. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock has a market cap of $64.29 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 1.86 and a beta of 1.17.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, topping the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the company posted $3.49 EPS. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities analysts predict that The PNC Financial Services Group, Inc. will post 12.41 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Tuesday, January 16th were given a dividend of $1.55 per share. The ex-dividend date was Friday, January 12th. This represents a $6.20 dividend on an annualized basis and a yield of 3.84%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 48.48%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PNC shares. Wells Fargo & Company increased their target price on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their target price for the company from $141.00 to $155.00 in a report on Thursday. Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. The Goldman Sachs Group increased their target price on shares of The PNC Financial Services Group from $128.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, December 19th. Finally, UBS Group raised their price target on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $152.87.

View Our Latest Report on PNC

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.

About The PNC Financial Services Group

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc. (NYSE:PNCFree Report).

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

Receive News & Ratings for The PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.