Liberty Square Wealth Partners LLC Makes New Investment in The PNC Financial Services Group, Inc. (NYSE:PNC)

Liberty Square Wealth Partners LLC acquired a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,131 shares of the financial services provider’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its position in The PNC Financial Services Group by 2,333.3% during the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at $32,000. Synergy Asset Management LLC purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at $32,000. Whipplewood Advisors LLC purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at $33,000. Finally, Financial Life Planners purchased a new position in shares of The PNC Financial Services Group during the 4th quarter valued at $37,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PNC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group lowered their price target on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada lowered their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Hsbc Global Res upgraded shares of The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Finally, TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They issued a “buy” rating and a $233.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $202.67.

The PNC Financial Services Group Stock Down 0.6%

PNC stock opened at $171.87 on Friday. The stock has a market capitalization of $67.99 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The company has a 50-day moving average of $165.13 and a two-hundred day moving average of $185.63. The PNC Financial Services Group, Inc. has a 52-week low of $145.12 and a 52-week high of $216.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.04. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. As a group, equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 45.20%.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Kieran John Fallon sold 1,492 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president now owns 20,490 shares of the company’s stock, valued at $3,576,734.40. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $179.14, for a total value of $222,491.88. Following the completion of the sale, the chief executive officer now directly owns 556,121 shares in the company, valued at $99,623,515.94. This trade represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,396 shares of company stock valued at $2,773,072 in the last 90 days. 0.41% of the stock is currently owned by insiders.

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.