PNC Financial Services Group Inc (PNC) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its position in PNC Financial Services Group Inc (NYSE:PNC) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,393 shares of the financial services provider’s stock after selling 669 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in PNC Financial Services Group were worth $4,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new stake in shares of PNC Financial Services Group in the 3rd quarter valued at approximately $127,000. Moneta Group Investment Advisors LLC bought a new stake in shares of PNC Financial Services Group in the 2nd quarter valued at approximately $143,000. Landaas & Co. WI ADV bought a new stake in shares of PNC Financial Services Group in the 2nd quarter valued at approximately $147,000. Archford Capital Strategies LLC increased its holdings in shares of PNC Financial Services Group by 197.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,090 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 723 shares during the last quarter. Finally, Kaizen Advisory LLC increased its holdings in shares of PNC Financial Services Group by 147.8% in the 2nd quarter. Kaizen Advisory LLC now owns 1,150 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.

NYSE:PNC opened at $130.58 on Tuesday. PNC Financial Services Group Inc has a 12-month low of $116.55 and a 12-month high of $163.59. The company has a market cap of $60.30 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.28 and a beta of 0.92. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.11.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, November 5th. Shareholders of record on Wednesday, October 17th were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Tuesday, October 16th. This represents a $3.80 dividend on an annualized basis and a yield of 2.91%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 44.71%.

In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 24,710 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $140.49, for a total transaction of $3,471,507.90. Following the completion of the transaction, the executive vice president now owns 131,020 shares in the company, valued at approximately $18,406,999.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. ValuEngine upgraded PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. UBS Group set a $137.00 price objective on PNC Financial Services Group and gave the company a “hold” rating in a research report 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 report on Tuesday, October 9th. BMO Capital Markets reduced their price objective on PNC Financial Services Group to $139.00 and set an “outperform” rating for the company in a research report on Monday, October 15th. They noted that the move was a valuation call. Finally, Morgan Stanley reduced their price objective on PNC Financial Services Group from $168.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, October 15th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $155.50.

COPYRIGHT VIOLATION WARNING: “PNC Financial Services Group Inc (PNC) Shares Sold by Stratos Wealth Partners LTD.” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of U.S. and international copyright and trademark legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/11/06/pnc-financial-services-group-inc-pnc-shares-sold-by-stratos-wealth-partners-ltd.html.

PNC Financial Services Group 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.

Read More: Outstanding Shares, Buying and Selling Stocks

Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PNC Financial Services Group Inc (NYSE:PNC).

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

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.


Leave a Reply