JustInvest LLC Has $1.40 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

JustInvest LLC lifted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 95.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,983 shares of the financial services provider’s stock after purchasing an additional 3,898 shares during the period. JustInvest LLC’s holdings in The PNC Financial Services Group were worth $1,400,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PNC. Norges Bank acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at $671,132,000. FMR LLC grew its stake in The PNC Financial Services Group by 57.8% during the fourth quarter. FMR LLC now owns 8,399,370 shares of the financial services provider’s stock worth $1,251,506,000 after buying an additional 3,076,159 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in The PNC Financial Services Group by 9.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,391,754 shares of the financial services provider’s stock worth $3,932,371,000 after buying an additional 2,230,186 shares during the last quarter. Morgan Stanley grew its stake in The PNC Financial Services Group by 34.7% during the fourth quarter. Morgan Stanley now owns 3,388,311 shares of the financial services provider’s stock worth $504,860,000 after buying an additional 873,125 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in The PNC Financial Services Group by 39.0% during the fourth quarter. Principal Financial Group Inc. now owns 2,987,257 shares of the financial services provider’s stock worth $445,102,000 after buying an additional 838,492 shares during the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE PNC traded up $0.95 during trading hours on Tuesday, hitting $189.07. 23,151 shares of the company traded hands, compared to its average volume of 1,959,431. The stock has a market capitalization of $80.17 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 3.33 and a beta of 1.38. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average price is $178.40 and its 200 day moving average price is $153.75. The PNC Financial Services Group, Inc. has a 12 month low of $93.27 and a 12 month high of $189.43.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, April 15th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $1.35. The PNC Financial Services Group had a return on equity of 5.97% and a net margin of 38.16%. The business had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 6.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Friday, April 16th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, April 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 40.39%.

A number of equities analysts have recently issued reports on the stock. Stephens upped their target price on shares of The PNC Financial Services Group from $190.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of The PNC Financial Services Group from $179.00 to $210.00 and gave the company a “buy” rating in a report on Monday, April 26th. Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $192.00 to $197.00 and gave the stock an “overweight” rating in a research report on Friday, April 16th. Jefferies Financial Group increased their price target on shares of The PNC Financial Services Group from $169.00 to $183.00 and gave the company a “hold” rating in a research report on Thursday, April 15th. Finally, Credit Suisse Group increased their price target on shares of The PNC Financial Services Group from $170.00 to $178.00 and gave the stock a “neutral” rating in a report on Monday, April 26th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the stock. The PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus price target of $171.05.

In other news, EVP Karen L. Larrimer sold 3,205 shares of the firm’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $156.92, for a total value of $502,928.60. Following the transaction, the executive vice president now owns 24,580 shares in the company, valued at $3,857,093.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 3,455 shares of company stock worth $546,810. 0.30% of the stock is owned by corporate insiders.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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

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