Ethic Inc. Purchases 7,633 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Ethic Inc. grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,493 shares of the financial services provider’s stock after buying an additional 7,633 shares during the quarter. Ethic Inc.’s holdings in The PNC Financial Services Group were worth $14,752,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PNC. Principal Financial Group Inc. lifted its position in The PNC Financial Services Group by 1.0% during the third quarter. Principal Financial Group Inc. now owns 2,275,472 shares of the financial services provider’s stock worth $420,621,000 after acquiring an additional 22,271 shares during the last quarter. Nordea Investment Management AB boosted its stake in The PNC Financial Services Group by 6.3% in the fourth quarter. Nordea Investment Management AB now owns 32,538 shares of the financial services provider’s stock valued at $6,283,000 after buying an additional 1,930 shares in the last quarter. ORG Partners LLC grew its holdings in shares of The PNC Financial Services Group by 495.4% during the 4th quarter. ORG Partners LLC now owns 5,132 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 4,270 shares during the last quarter. Graypoint LLC increased its holdings in shares of The PNC Financial Services Group by 7.7% during the fourth quarter. Graypoint LLC now owns 3,032 shares of the financial services provider’s stock worth $585,000 after buying an additional 218 shares in the last quarter. Finally, Czech National Bank boosted its position in The PNC Financial Services Group by 6.2% during the 4th quarter. Czech National Bank now owns 86,031 shares of the financial services provider’s stock worth $16,591,000 after buying an additional 5,057 shares during the period. Institutional investors own 83.53% of the company’s stock.

Insider Buying and Selling

In other The PNC Financial Services Group news, Director Martin Pfinsgraff bought 1,000 shares of The PNC Financial Services Group stock in a transaction on Friday, April 25th. The stock was bought at an average price of $158.22 per share, with a total value of $158,220.00. Following the completion of the acquisition, the director now owns 2,009 shares in the company, valued at $317,863.98. The trade was a 99.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $163.16, for a total value of $202,644.72. Following the completion of the sale, the chief executive officer now directly owns 558,605 shares in the company, valued at $91,141,991.80. This trade represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,662 shares of company stock worth $2,322,006 over the last 90 days. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

PNC has been the topic of a number of research analyst reports. Barclays cut their price target on The PNC Financial Services Group from $257.00 to $235.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Stephens restated an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Wells Fargo & Company decreased their target price on The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target on The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating for the company in a research report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Hold” and a consensus target price of $200.88.

The PNC Financial Services Group Trading Up 1.6 %

Shares of The PNC Financial Services Group stock opened at $166.65 on Friday. The firm’s 50-day moving average price is $165.02 and its 200 day moving average price is $186.72. The PNC Financial Services Group, Inc. has a twelve month low of $145.12 and a twelve month high of $216.26. The firm has a market capitalization of $65.92 billion, a PE ratio of 12.12, a P/E/G ratio of 1.55 and a beta of 1.06. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. On average, sell-side analysts predict that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 45.20%.

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.