Russell Investments Group Ltd. Has $27.91 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Russell Investments Group Ltd. lessened its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 180,035 shares of the financial services provider’s stock after selling 12,237 shares during the period. Russell Investments Group Ltd.’s holdings in The PNC Financial Services Group were worth $27,910,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC. Brookstone Capital Management boosted its stake in shares of The PNC Financial Services Group by 164.5% in the 3rd quarter. Brookstone Capital Management now owns 10,276 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 6,391 shares in the last quarter. Vicus Capital acquired a new position in The PNC Financial Services Group during the 3rd quarter worth about $200,000. Kingswood Wealth Advisors LLC acquired a new position in The PNC Financial Services Group during the 3rd quarter worth about $485,000. Xponance Inc. lifted its position in The PNC Financial Services Group by 5.3% during the 3rd quarter. Xponance Inc. now owns 51,156 shares of the financial services provider’s stock worth $6,280,000 after buying an additional 2,594 shares in the last quarter. Finally, Raymond James & Associates lifted its position in The PNC Financial Services Group by 10.2% during the 3rd quarter. Raymond James & Associates now owns 1,467,031 shares of the financial services provider’s stock worth $180,107,000 after buying an additional 135,890 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $153.94 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $61.24 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 1.73 and a beta of 1.16. The stock has a 50-day moving average of $153.18 and a 200-day moving average of $144.07. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The PNC Financial Services Group’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.98 EPS. As a group, sell-side analysts expect that The PNC Financial Services Group, Inc. will post 12.65 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.03%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 52.06%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PNC. Bank of America upped their price target on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th. Wells Fargo & Company upped 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 report on Thursday, March 28th. Evercore ISI reduced their price target on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. StockNews.com downgraded shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group cut their target price on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Hold” and an average price target of $157.02.

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.