32,458 Shares in PNC Financial Services Group Inc (PNC) Acquired by Timber Hill LLC

Timber Hill LLC bought a new stake in PNC Financial Services Group Inc (NYSE:PNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,458 shares of the financial services provider’s stock, valued at approximately $4,683,000.

Other large investors have also bought and sold shares of the company. Crewe Advisors LLC acquired a new position in PNC Financial Services Group in the fourth quarter valued at $134,000. Resources Investment Advisors Inc. boosted its stake in PNC Financial Services Group by 130.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,059 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 600 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in PNC Financial Services Group in the fourth quarter valued at $157,000. Legacy Advisors LLC acquired a new position in PNC Financial Services Group in the third quarter valued at $136,000. Finally, Capital Guardian Trust Co. acquired a new position in PNC Financial Services Group in the third quarter valued at $154,000. 80.87% of the stock is currently owned by hedge funds and other institutional investors.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares of the company’s stock, valued at $9,070,044. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Wyk Steven C. Van sold 5,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $140.98, for a total transaction of $704,900.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 103,894 shares of company stock valued at $14,897,513. 0.43% of the stock is owned by insiders.

Shares of PNC Financial Services Group Inc (NYSE:PNC) opened at $159.13 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.94 and a quick ratio of 0.93. The company has a market cap of $75,244.84, a PE ratio of 18.69, a P/E/G ratio of 1.48 and a beta of 0.93. PNC Financial Services Group Inc has a 12-month low of $115.25 and a 12-month high of $160.81.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.97 earnings per share. equities analysts forecast that PNC Financial Services Group Inc will post 10.44 EPS for the current year.

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

Several equities analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of PNC Financial Services Group from $165.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. BMO Capital Markets restated a “buy” rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. Oppenheimer restated a “hold” rating on shares of PNC Financial Services Group in a research note on Tuesday, January 16th. Argus increased their target price on shares of PNC Financial Services Group to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada increased their target price on shares of PNC Financial Services Group to $170.00 and gave the stock an “average” rating in a research note on Friday, January 12th. Eighteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. PNC Financial Services Group has a consensus rating of “Hold” and a consensus price target of $145.98.

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About PNC Financial Services Group

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.

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

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