PNC Financial Services Group Inc (PNC) Shares Bought by Global Financial Private Capital LLC

Global Financial Private Capital LLC lifted its holdings in shares of PNC Financial Services Group Inc (NYSE:PNC) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,435 shares of the financial services provider’s stock after acquiring an additional 597 shares during the period. Global Financial Private Capital LLC’s holdings in PNC Financial Services Group were worth $929,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of PNC Financial Services Group by 2.0% during the 2nd quarter. Cetera Investment Advisers now owns 2,364 shares of the financial services provider’s stock worth $295,000 after buying an additional 46 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in shares of PNC Financial Services Group by 4.9% during the 4th quarter. Harbour Capital Advisors LLC now owns 6,833 shares of the financial services provider’s stock worth $986,000 after buying an additional 320 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of PNC Financial Services Group by 0.3% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 145,889 shares of the financial services provider’s stock worth $19,661,000 after buying an additional 371 shares in the last quarter. Brighton Jones LLC increased its holdings in PNC Financial Services Group by 22.0% in the 4th quarter. Brighton Jones LLC now owns 2,083 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 375 shares in the last quarter. Finally, FineMark National Bank & Trust increased its holdings in PNC Financial Services Group by 6.8% in the 4th quarter. FineMark National Bank & Trust now owns 5,904 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 376 shares in the last quarter. 81.98% of the stock is owned by institutional investors.

In other news, insider E William Parsley III sold 25,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $140.98, for a total value of $704,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 103,894 shares of company stock valued at $14,897,513. Insiders own 0.43% of the company’s stock.

Shares of PNC Financial Services Group Inc (NYSE PNC) opened at $159.08 on Friday. The firm has a market capitalization of $75,244.84, a PE ratio of 18.69, a PEG ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. PNC Financial Services Group Inc has a one year low of $115.25 and a one year high of $160.81.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.09. The company had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.97 earnings per share. sell-side analysts expect that PNC Financial Services Group Inc will post 10.44 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Wednesday, January 17th were paid a $0.75 dividend. The ex-dividend date was Tuesday, January 16th. This represents a $3.00 annualized dividend and a dividend yield of 1.89%. PNC Financial Services Group’s payout ratio is 28.85%.

PNC has been the subject of a number of recent research reports. Nomura upped their target price on PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Zacks Investment Research cut PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Monday, October 30th. JPMorgan Chase & Co. upped their target price on PNC Financial Services Group from $139.50 to $140.50 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $151.00 target price on shares of PNC Financial Services Group in a report on Monday, December 4th. Finally, Wells Fargo & Co set a $149.00 target price on PNC Financial Services Group and gave the stock a “hold” rating in a report on Wednesday, December 20th. Eighteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $145.98.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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