The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC boosted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,212 shares of the financial services provider’s stock after purchasing an additional 135 shares during the quarter. Personal CFO Solutions LLC’s holdings in The PNC Financial Services Group were worth $405,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. 1832 Asset Management L.P. boosted its stake in The PNC Financial Services Group by 33.5% in the 1st quarter. 1832 Asset Management L.P. now owns 267 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 67 shares during the period. Nilsine Partners LLC lifted its holdings in shares of The PNC Financial Services Group by 1.7% during the second quarter. Nilsine Partners LLC now owns 4,701 shares of the financial services provider’s stock worth $592,000 after buying an additional 78 shares during the last quarter. KCM Investment Advisors LLC increased its stake in The PNC Financial Services Group by 7.1% during the first quarter. KCM Investment Advisors LLC now owns 1,194 shares of the financial services provider’s stock valued at $220,000 after acquiring an additional 79 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in The PNC Financial Services Group by 2.3% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,645 shares of the financial services provider’s stock worth $576,000 after purchasing an additional 82 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of The PNC Financial Services Group by 1.2% during the 2nd quarter. Private Trust Co. NA now owns 7,437 shares of the financial services provider’s stock valued at $937,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $130.26 on Monday. The company has a market cap of $51.89 billion, a P/E ratio of 9.04, a PEG ratio of 1.15 and a beta of 1.14. The company has a fifty day simple moving average of $120.25 and a 200 day simple moving average of $122.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.34. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $170.27.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Friday, October 13th. The financial services provider reported $3.60 EPS for the quarter, topping the consensus estimate of $3.10 by $0.50. The company had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.32 billion. The PNC Financial Services Group had a net margin of 20.39% and a return on equity of 12.91%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.78 earnings per share. Sell-side analysts predict that The PNC Financial Services Group, Inc. will post 13.86 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were given a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date was Monday, October 16th. The PNC Financial Services Group’s payout ratio is currently 43.03%.

Analysts Set New Price Targets

Several brokerages have weighed in on PNC. Jefferies Financial Group raised their price objective on shares of The PNC Financial Services Group from $112.00 to $127.00 in a report on Tuesday, October 10th. Morgan Stanley cut their target price on The PNC Financial Services Group from $144.00 to $142.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 3rd. Stephens reduced their price target on shares of The PNC Financial Services Group from $143.00 to $138.00 and set an “equal weight” rating on the stock in a research report on Monday, October 16th. HSBC assumed coverage on The PNC Financial Services Group in a research report on Thursday, September 7th. They issued a “reduce” rating and a $110.00 price objective for the company. Finally, StockNews.com lowered The PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Friday. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $150.99.

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 certificates of 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.