McGlone Suttner Wealth Management Inc. Purchases Shares of 1,907 The PNC Financial Services Group, Inc. (NYSE:PNC)

McGlone Suttner Wealth Management Inc. purchased a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 1,907 shares of the financial services provider’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PNC. Blair William & Co. IL boosted its stake in The PNC Financial Services Group by 0.5% during the 1st quarter. Blair William & Co. IL now owns 16,997 shares of the financial services provider’s stock valued at $3,135,000 after purchasing an additional 89 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of The PNC Financial Services Group by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 16,141 shares of the financial services provider’s stock worth $2,977,000 after acquiring an additional 1,724 shares in the last quarter. Covestor Ltd boosted its stake in shares of The PNC Financial Services Group by 68.8% during the 1st quarter. Covestor Ltd now owns 336 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 137 shares in the last quarter. West Family Investments Inc. boosted its stake in shares of The PNC Financial Services Group by 9.1% during the 1st quarter. West Family Investments Inc. now owns 1,164 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 97 shares in the last quarter. Finally, Ergoteles LLC boosted its stake in shares of The PNC Financial Services Group by 137.9% during the 1st quarter. Ergoteles LLC now owns 21,048 shares of the financial services provider’s stock worth $3,882,000 after acquiring an additional 12,201 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the transaction, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group Stock Up 1.0 %

Shares of NYSE:PNC traded up $1.66 on Thursday, reaching $161.63. The company had a trading volume of 1,725,297 shares, compared to its average volume of 2,237,252. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $162.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $64.30 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.79 and a beta of 1.17. The stock has a 50-day moving average price of $149.96 and a 200 day moving average price of $138.25.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter in the previous year, the firm earned $3.49 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts expect that The PNC Financial Services Group, Inc. will post 12.4 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Tuesday, January 16th were given a dividend of $1.55 per share. The ex-dividend date was Friday, January 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.84%. The PNC Financial Services Group’s dividend payout ratio is presently 48.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. Stephens reaffirmed an “equal weight” rating and issued a $138.00 target price on shares of The PNC Financial Services Group in a research report on Tuesday, December 5th. Evercore ISI raised their target price on The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company raised their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, The Goldman Sachs Group raised their target price on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $152.87.

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 segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time 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.