Community Bank N.A. Raises Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Community Bank N.A. lifted its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,230 shares of the financial services provider’s stock after purchasing an additional 435 shares during the quarter. Community Bank N.A.’s holdings in The PNC Financial Services Group were worth $1,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OFI Invest Asset Management purchased a new position in shares of The PNC Financial Services Group during the third quarter worth about $25,000. BKM Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth about $26,000. Tennessee Valley Asset Management Partners purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth about $26,000. Fortitude Family Office LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Up 0.3 %

Shares of The PNC Financial Services Group stock traded up $0.45 during midday trading on Wednesday, reaching $158.06. 1,320,485 shares of the company’s stock traded hands, compared to its average volume of 2,138,266. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $62.88 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18. The stock has a 50 day moving average of $152.48 and a 200-day moving average of $142.88. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.98 earnings per share. As a group, equities analysts expect that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be issued a dividend of $1.55 per share. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.92%. The PNC Financial Services Group’s dividend payout ratio is presently 52.06%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PNC. StockNews.com raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Morgan Stanley upped their target price 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. Wells Fargo & Company upped 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 note on Thursday, March 28th. UBS Group upped their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Finally, Jefferies Financial Group cut their target price on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.63.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% 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 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.