Anderson Hoagland & Co. Has $2.70 Million Holdings in PNC Financial Services Group Inc (PNC)

Anderson Hoagland & Co. lifted its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 5.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,720 shares of the financial services provider’s stock after buying an additional 1,040 shares during the quarter. PNC Financial Services Group accounts for about 1.6% of Anderson Hoagland & Co.’s holdings, making the stock its 14th biggest holding. Anderson Hoagland & Co.’s holdings in PNC Financial Services Group were worth $2,701,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PNC. BSW Wealth Partners bought a new position in shares of PNC Financial Services Group during the second quarter worth about $323,000. Principal Financial Group Inc. lifted its position in shares of PNC Financial Services Group by 240.4% during the second quarter. Principal Financial Group Inc. now owns 2,388,736 shares of the financial services provider’s stock worth $298,281,000 after purchasing an additional 1,686,944 shares during the last quarter. Atwood & Palmer Inc. lifted its position in shares of PNC Financial Services Group by 3.1% during the second quarter. Atwood & Palmer Inc. now owns 187,352 shares of the financial services provider’s stock worth $23,395,000 after purchasing an additional 5,613 shares during the last quarter. ARGA Investment Management LP bought a new position in PNC Financial Services Group in the second quarter worth about $212,000. Finally, ARGI Investment Services LLC lifted its holdings in PNC Financial Services Group by 0.7% in the second quarter. ARGI Investment Services LLC now owns 9,318 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 67 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Orlando C. Esposito sold 4,505 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $138.85, for a total transaction of $625,519.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Q. Reilly sold 19,576 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $145.51, for a total transaction of $2,848,503.76. Following the transaction, the insider now owns 103,299 shares in the company, valued at approximately $15,031,037.49. The disclosure for this sale can be found here. Insiders have sold 103,523 shares of company stock worth $14,717,168 in the last quarter. Company insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group Inc (NYSE:PNC) traded down $0.02 during trading hours on Thursday, hitting $154.21. 1,161,331 shares of the company’s stock traded hands, compared to its average volume of 2,607,500. PNC Financial Services Group Inc has a 12 month low of $113.66 and a 12 month high of $154.93. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $73,110.00, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.48 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The business had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business earned $1.97 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. sell-side analysts anticipate that PNC Financial Services Group Inc will post 10.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.95%. PNC Financial Services Group’s dividend payout ratio is presently 12.46%.

PNC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $162.00 target price on shares of PNC Financial Services Group in a report on Friday, December 29th. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a report on Tuesday, October 31st. Goldman Sachs Group cut shares of PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a report on Thursday, January 4th. Credit Suisse Group reissued a “hold” rating and issued a $150.00 target price on shares of PNC Financial Services Group in a report on Friday, January 5th. Finally, UBS Group raised their target price on shares of PNC Financial Services Group from $133.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. PNC Financial Services Group currently has an average rating of “Hold” and a consensus price target of $144.02.

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PNC Financial Services Group Company 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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