Moody National Bank Trust Division Raises Position in PNC Financial Services Group Inc (PNC)

Moody National Bank Trust Division increased its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 1,168.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,611 shares of the financial services provider’s stock after acquiring an additional 134,128 shares during the quarter. PNC Financial Services Group comprises about 0.5% of Moody National Bank Trust Division’s investment portfolio, making the stock its 21st biggest holding. Moody National Bank Trust Division’s holdings in PNC Financial Services Group were worth $19,831,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PNC. TRUE Private Wealth Advisors bought a new stake in PNC Financial Services Group during the 3rd quarter valued at about $127,000. Moneta Group Investment Advisors LLC bought a new stake in PNC Financial Services Group during the 2nd quarter valued at about $143,000. Landaas & Co. WI ADV bought a new stake in PNC Financial Services Group during the 2nd quarter valued at about $147,000. Archford Capital Strategies LLC increased its stake in PNC Financial Services Group by 197.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 723 shares in the last quarter. Finally, Kaizen Advisory LLC increased its stake in PNC Financial Services Group by 147.8% during the 2nd quarter. Kaizen Advisory LLC now owns 1,150 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 686 shares in the last quarter. Institutional investors own 79.98% of the company’s stock.

Shares of NYSE PNC opened at $129.23 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23. The stock has a market cap of $57.93 billion, a PE ratio of 15.20, a P/E/G ratio of 1.23 and a beta of 0.92. PNC Financial Services Group Inc has a 52-week low of $116.55 and a 52-week high of $163.59.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.73 by $0.09. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.32 billion. PNC Financial Services Group had a net margin of 30.97% and a return on equity of 10.88%. During the same quarter last year, the firm posted $2.16 earnings per share. On average, equities research analysts forecast that PNC Financial Services Group Inc will post 10.75 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 5th. Investors of record on Wednesday, October 17th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, October 16th. PNC Financial Services Group’s payout ratio is 44.71%.

A number of analysts have weighed in on the stock. ValuEngine upgraded shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Thursday. Morgan Stanley reduced their price objective on shares of PNC Financial Services Group from $168.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, October 15th. Vining Sparks restated a “buy” rating and set a $160.00 price objective on shares of PNC Financial Services Group in a research note on Tuesday, October 9th. Deutsche Bank upgraded shares of PNC Financial Services Group from a “hold” rating to a “buy” rating in a research note on Monday, October 15th. Finally, UBS Group set a $137.00 price objective on shares of PNC Financial Services Group and gave the company a “hold” rating in a research note on Monday, October 15th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and an average target price of $154.62.

In related news, EVP Robert Q. Reilly sold 24,710 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $140.49, for a total value of $3,471,507.90. Following the transaction, the executive vice president now owns 131,020 shares of the company’s stock, valued at $18,406,999.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

Further Reading: Asset Allocation

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

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