Blue Trust Inc. Sells 1,281 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Blue Trust Inc. lessened its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,767 shares of the financial services provider’s stock after selling 1,281 shares during the quarter. Blue Trust Inc.’s holdings in The PNC Financial Services Group were worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in The PNC Financial Services Group by 1.0% during the second quarter. State Street Corp now owns 17,127,040 shares of the financial services provider’s stock valued at $2,157,151,000 after acquiring an additional 170,387 shares in the last quarter. FMR LLC grew its holdings in The PNC Financial Services Group by 6.7% during the third quarter. FMR LLC now owns 14,326,630 shares of the financial services provider’s stock valued at $1,758,880,000 after purchasing an additional 893,808 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in The PNC Financial Services Group by 7.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,070,513 shares of the financial services provider’s stock valued at $2,064,357,000 after purchasing an additional 860,489 shares during the last quarter. Geode Capital Management LLC grew its holdings in The PNC Financial Services Group by 2.4% during the first quarter. Geode Capital Management LLC now owns 7,219,084 shares of the financial services provider’s stock valued at $915,146,000 after purchasing an additional 171,876 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in The PNC Financial Services Group by 10.4% during the third quarter. Invesco Ltd. now owns 5,164,321 shares of the financial services provider’s stock valued at $634,024,000 after purchasing an additional 484,475 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on PNC. Wells Fargo & Company increased their price target on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI increased their price target on The PNC Financial Services Group from $180.00 to $184.00 and gave the company an “outperform” rating in a report on Thursday. Stephens reiterated an “equal weight” rating and set a $138.00 price target on shares of The PNC Financial Services Group in a report on Tuesday, December 5th. The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a research note on Wednesday, January 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $152.87.

Get Our Latest Research Report on The PNC Financial Services Group

Insider Buying and Selling 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 on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Up 1.0 %

Shares of PNC stock opened at $161.60 on Friday. The stock has a market cap of $64.29 billion, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24. The stock has a fifty day moving average price of $150.48 and a 200 day moving average price of $138.71. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84.

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

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.84%. The PNC Financial Services Group’s payout ratio is presently 48.48%.

The PNC Financial Services Group Company Profile

(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.

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

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