SageView Advisory Group LLC Purchases 125 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

SageView Advisory Group LLC increased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,714 shares of the financial services provider’s stock after acquiring an additional 125 shares during the quarter. SageView Advisory Group LLC’s holdings in The PNC Financial Services Group were worth $331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PNC. Savvy Advisors Inc. acquired a new position in shares of The PNC Financial Services Group during the fourth quarter worth $205,000. WealthTrust Axiom LLC increased its position in The PNC Financial Services Group by 5.7% during the 4th quarter. WealthTrust Axiom LLC now owns 7,481 shares of the financial services provider’s stock valued at $1,443,000 after buying an additional 404 shares in the last quarter. Advisors Capital Management LLC raised its stake in The PNC Financial Services Group by 1.8% in the fourth quarter. Advisors Capital Management LLC now owns 19,233 shares of the financial services provider’s stock valued at $3,709,000 after buying an additional 340 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new stake in The PNC Financial Services Group in the fourth quarter worth about $946,000. Finally, Townsquare Capital LLC grew its stake in shares of The PNC Financial Services Group by 29.5% during the fourth quarter. Townsquare Capital LLC now owns 23,567 shares of the financial services provider’s stock worth $4,545,000 after acquiring an additional 5,363 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 641 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $150.63, for a total transaction of $96,553.83. Following the completion of the sale, the chief executive officer now directly owns 562,932 shares in the company, valued at approximately $84,794,447.16. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 13,061 shares of company stock worth $2,373,424 in the last quarter. Company insiders own 0.41% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $154.99 on Wednesday. The firm has a 50-day simple moving average of $176.47 and a 200-day simple moving average of $189.78. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $61.34 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a 52 week low of $143.52 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. On average, equities analysts predict that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.55%.

Analyst Ratings Changes

A number of brokerages have issued reports on PNC. The Goldman Sachs Group cut their price target on shares of The PNC Financial Services Group from $211.00 to $188.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company dropped their price target on The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Stephens restated an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Finally, Hsbc Global Res upgraded The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $203.47.

The PNC Financial Services Group Company Profile

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.