Sapient Capital LLC Buys New Shares in The PNC Financial Services Group, Inc. (NYSE:PNC)

Sapient Capital LLC bought a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,467 shares of the financial services provider’s stock, valued at approximately $227,000.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of The PNC Financial Services Group during the 3rd quarter valued at $25,000. BKM Wealth Management LLC purchased a new stake in The PNC Financial Services Group in the 4th quarter worth $26,000. Fortitude Family Office LLC purchased a new stake in The PNC Financial Services Group in the 4th quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in The PNC Financial Services Group by 350.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in The PNC Financial Services Group in the 3rd quarter worth $29,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC opened at $149.56 on Tuesday. The company has a market capitalization of $59.50 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.73 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The firm’s 50-day moving average is $151.88 and its 200 day moving average is $141.47. 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 PNC Financial Services Group (NYSE:PNC) last issued its 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 for the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.49 EPS. Research analysts predict that The PNC Financial Services Group, Inc. will post 12.42 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a yield of 4.15%. The PNC Financial Services Group’s dividend payout ratio is currently 48.48%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Jefferies Financial Group upped their target price on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a research report on Monday, April 8th. HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and upped their target price for the company from $141.00 to $155.00 in a research report on Thursday, March 28th. Morgan Stanley upped 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 research report on Tuesday, January 30th. Finally, Evercore ISI upped their target price on shares of 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 issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.10.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the company’s 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 transaction, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

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.