Boston Trust Walden Corp Sells 2,190 Shares of The PNC Financial Services Group, Inc $PNC

Boston Trust Walden Corp decreased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 2.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 83,727 shares of the financial services provider’s stock after selling 2,190 shares during the quarter. Boston Trust Walden Corp’s holdings in The PNC Financial Services Group were worth $15,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Saudi Central Bank acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at $27,000. Concord Wealth Partners grew its holdings in shares of The PNC Financial Services Group by 144.9% in the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock valued at $32,000 after buying an additional 100 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after buying an additional 65 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at $35,000. Finally, WPG Advisers LLC acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at $36,000. Institutional investors own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Oppenheimer decreased their price target on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Stephens reissued an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.21.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $189.71 on Wednesday. The firm has a market cap of $74.71 billion, a PE ratio of 12.98, a PEG ratio of 1.30 and a beta of 1.10. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a fifty day moving average price of $198.61 and a 200 day moving average price of $183.77.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.51%.

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.