Dana Investment Advisors Inc. Has $1.99 Million Stake in PNC Financial Services Group Inc (PNC)

Dana Investment Advisors Inc. decreased its position in PNC Financial Services Group Inc (NYSE:PNC) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,985 shares of the financial services provider’s stock after selling 365 shares during the period. Dana Investment Advisors Inc.’s holdings in PNC Financial Services Group were worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. IMS Capital Management acquired a new position in shares of PNC Financial Services Group in the 3rd quarter worth approximately $28,000. Transamerica Financial Advisors Inc. acquired a new position in shares of PNC Financial Services Group in the 4th quarter worth approximately $36,000. Athena Capital Advisors LLC acquired a new position in shares of PNC Financial Services Group in the 4th quarter worth approximately $37,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of PNC Financial Services Group in the 4th quarter worth approximately $43,000. Finally, San Francisco Sentry Investment Group CA lifted its holdings in shares of PNC Financial Services Group by 35.9% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 394 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 104 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Monday, March 11th. ValuEngine lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 6th. Credit Suisse Group restated a “hold” rating and issued a $146.00 price objective on shares of PNC Financial Services Group in a report on Thursday, January 17th. Finally, BMO Capital Markets lowered shares of PNC Financial Services Group from an “outperform” rating to a “market perform” rating and set a $139.00 price objective on the stock. in a report on Monday, November 19th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $145.45.

In other PNC Financial Services Group news, Director Martin Pfinsgraff bought 500 shares of PNC Financial Services Group stock in a transaction on Thursday, February 21st. The shares were bought at an average cost of $125.69 per share, for a total transaction of $62,845.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Robert Q. Reilly sold 12,361 shares of the stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $122.50, for a total transaction of $1,514,222.50. Following the sale, the executive vice president now owns 118,671 shares in the company, valued at $14,537,197.50. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

PNC Financial Services Group stock opened at $129.86 on Friday. The company has a market cap of $58.91 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. PNC Financial Services Group Inc has a 52-week low of $108.45 and a 52-week high of $160.96. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 1.10.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by ($0.04). The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.37 billion. PNC Financial Services Group had a return on equity of 11.23% and a net margin of 26.51%. PNC Financial Services Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. Equities analysts expect that PNC Financial Services Group Inc will post 11.32 earnings per share for the current fiscal year.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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