PNC Financial Services Group Inc (PNC) Stake Increased by National Pension Service

National Pension Service lifted its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,786 shares of the financial services provider’s stock after purchasing an additional 4,881 shares during the quarter. National Pension Service’s holdings in PNC Financial Services Group were worth $60,138,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in shares of PNC Financial Services Group by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 4 shares in the last quarter. Green Square Capital LLC boosted its position in shares of PNC Financial Services Group by 0.4% in the 2nd quarter. Green Square Capital LLC now owns 4,147 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 18 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of PNC Financial Services Group by 2.0% in the 2nd quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 46 shares in the last quarter. Moors & Cabot Inc. boosted its position in shares of PNC Financial Services Group by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 13,115 shares of the financial services provider’s stock worth $1,635,000 after purchasing an additional 56 shares in the last quarter. Finally, ARGI Investment Services LLC boosted its position in shares of PNC Financial Services Group by 0.7% in the 2nd quarter. ARGI Investment Services LLC now owns 9,318 shares of the financial services provider’s stock worth $1,164,000 after purchasing an additional 67 shares in the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.

In other PNC Financial Services Group news, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares in the company, valued at approximately $2,801,104.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider E William Parsley III sold 46,307 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $143.43, for a total value of $6,641,813.01. Following the sale, the insider now owns 132,544 shares in the company, valued at $19,010,785.92. The disclosure for this sale can be found here. Insiders have sold a total of 108,523 shares of company stock valued at $15,392,168 in the last quarter. Company insiders own 0.43% of the company’s stock.

PNC Financial Services Group Inc (NYSE:PNC) opened at $152.26 on Wednesday. The firm has a market capitalization of $72,245.63, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90. PNC Financial Services Group Inc has a 52 week low of $113.66 and a 52 week high of $154.90. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $1.97 EPS. equities research analysts expect that PNC Financial Services Group Inc will post 10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.97%. PNC Financial Services Group’s payout ratio is currently 17.79%.

A number of analysts have recently weighed in on the company. Oppenheimer reissued a “hold” rating on shares of PNC Financial Services Group in a research report on Tuesday. Argus raised their target price on PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada raised their target price on PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research note on Friday, January 12th. Wells Fargo & Co set a $157.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a research note on Tuesday. Finally, ValuEngine lowered PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Eighteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus price target of $144.02.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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