The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC cut its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 15.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,456 shares of the financial services provider’s stock after selling 265 shares during the period. Strategic Blueprint LLC’s holdings in The PNC Financial Services Group were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Rockline Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter worth $1,825,000. KPP Advisory Services LLC purchased a new position in shares of The PNC Financial Services Group in the 3rd quarter worth $323,000. AQR Capital Management LLC raised its position in shares of The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock worth $14,032,000 after buying an additional 67,490 shares during the period. Trust Point Inc. purchased a new position in shares of The PNC Financial Services Group in the 4th quarter worth $459,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of The PNC Financial Services Group in the 4th quarter worth $295,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Down 2.2 %

NYSE:PNC opened at $150.64 on Friday. The company has a market capitalization of $59.93 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.77 and a beta of 1.18. 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 50-day simple moving average of $151.80 and a 200 day simple moving average of $141.01. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period last year, the firm earned $3.49 earnings per share. Sell-side analysts predict that The PNC Financial Services Group, Inc. will post 12.42 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a yield of 4.12%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 48.48%.

Insider Buying and Selling

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was 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 in the company, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

PNC has been the topic of several research reports. Morgan Stanley increased their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. Wells Fargo & Company increased their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. UBS Group raised their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Finally, Evercore ISI raised their price objective on The PNC Financial Services Group from $180.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus target price of $157.10.

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.