Zeke Capital Advisors LLC increased its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 96.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,710 shares of the financial services provider’s stock after buying an additional 7,717 shares during the quarter. Zeke Capital Advisors LLC’s holdings in PNC Financial Services Group were worth $2,267,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Truewealth LLC bought a new position in shares of PNC Financial Services Group during the fourth quarter worth about $107,000. Crewe Advisors LLC bought a new position in PNC Financial Services Group in the fourth quarter valued at approximately $134,000. Resources Investment Advisors Inc. grew 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 purchasing an additional 600 shares in the last quarter. Capital Guardian Trust Co. bought a new position in PNC Financial Services Group in the third quarter valued at approximately $154,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in PNC Financial Services Group in the fourth quarter valued at approximately $157,000. Institutional investors and hedge funds own 82.24% of the company’s stock.
A number of research analysts have weighed in on the company. Bank of America raised their price target on PNC Financial Services Group from $160.00 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. Zacks Investment Research downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Morgan Stanley raised their price target on 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. Finally, Argus raised their price target on PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $146.89.
Shares of NYSE PNC opened at $147.95 on Friday. The company has a market cap of $71,917.53, a PE ratio of 17.41, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.14. PNC Financial Services Group Inc has a 12 month low of $115.45 and a 12 month high of $163.59.
PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. The business 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 9.51% and a net margin of 29.60%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.97 EPS. research analysts expect that PNC Financial Services Group Inc will post 10.54 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, May 5th. Investors of record on Monday, April 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Friday, April 13th. This represents a $3.00 annualized dividend and a yield of 2.03%. PNC Financial Services Group’s payout ratio is currently 35.29%.
In related news, insider Michael J. Hannon sold 8,011 shares of PNC Financial Services Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total transaction of $1,235,296.20. Following the completion of the sale, the insider now directly owns 58,820 shares of the company’s stock, valued at approximately $9,070,044. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.38% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This article was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/04/07/zeke-capital-advisors-llc-buys-7717-shares-of-pnc-financial-services-group-inc-pnc.html.
PNC Financial Services Group Company 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.
Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.