Atlas Brown Inc. Has $1.01 Million Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Atlas Brown Inc. raised its holdings in The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,410 shares of the financial services provider’s stock after acquiring an additional 92 shares during the quarter. Atlas Brown Inc.’s holdings in The PNC Financial Services Group were worth $1,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNC. AdvisorNet Financial Inc increased its position in shares of The PNC Financial Services Group by 3.7% during the second quarter. AdvisorNet Financial Inc now owns 5,356 shares of the financial services provider’s stock worth $845,000 after buying an additional 192 shares during the period. Foster & Motley Inc. increased its position in shares of The PNC Financial Services Group by 15.8% during the first quarter. Foster & Motley Inc. now owns 4,992 shares of the financial services provider’s stock worth $921,000 after buying an additional 680 shares during the period. Diversified Trust Co increased its position in shares of The PNC Financial Services Group by 23.9% during the second quarter. Diversified Trust Co now owns 3,676 shares of the financial services provider’s stock worth $580,000 after buying an additional 709 shares during the period. Advisor Group Holdings Inc. increased its position in shares of The PNC Financial Services Group by 20.7% during the first quarter. Advisor Group Holdings Inc. now owns 121,484 shares of the financial services provider’s stock worth $20,624,000 after buying an additional 20,807 shares during the period. Finally, Williams Jones Wealth Management LLC. increased its position in shares of The PNC Financial Services Group by 12.8% during the first quarter. Williams Jones Wealth Management LLC. now owns 40,917 shares of the financial services provider’s stock worth $7,547,000 after buying an additional 4,645 shares during the period. 81.89% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Performance

NYSE PNC traded down $3.99 during trading hours on Friday, reaching $150.68. 104,117 shares of the company were exchanged, compared to its average volume of 1,726,032. The PNC Financial Services Group, Inc. has a 1 year low of $146.39 and a 1 year high of $228.14. The business’s 50 day simple moving average is $163.92 and its 200-day simple moving average is $168.71. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $61.80 billion, a P/E ratio of 12.10, a P/E/G ratio of 2.37 and a beta of 1.21.

The PNC Financial Services Group (NYSE:PNCGet Rating) last posted its quarterly earnings data on Friday, July 15th. The financial services provider reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.31. The PNC Financial Services Group had a net margin of 27.32% and a return on equity of 11.93%. The business had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the company posted $4.50 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, equities research analysts expect that The PNC Financial Services Group, Inc. will post 14.5 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Wednesday, July 13th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $6.00 annualized dividend and a dividend yield of 3.98%. The PNC Financial Services Group’s payout ratio is 46.95%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael P. Lyons sold 3,500 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $166.96, for a total value of $584,360.00. Following the completion of the transaction, the executive vice president now owns 174,651 shares in the company, valued at $29,159,730.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of The PNC Financial Services Group from $190.00 to $170.00 in a research report on Tuesday, July 12th. Piper Sandler set a $160.00 target price on shares of The PNC Financial Services Group in a research note on Tuesday, July 19th. Evercore ISI set a $175.00 target price on shares of The PNC Financial Services Group in a research note on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of The PNC Financial Services Group from $215.00 to $200.00 and set a “hold” rating on the stock in a research note on Monday, September 12th. Finally, Wells Fargo & Company cut their target price on shares of The PNC Financial Services Group from $227.00 to $202.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $197.78.

The PNC Financial Services Group Company Profile

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The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

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

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