Calton & Associates Inc. Has $727,000 Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Calton & Associates Inc. reduced its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,942 shares of the financial services provider’s stock after selling 111 shares during the period. Calton & Associates Inc.’s holdings in The PNC Financial Services Group were worth $727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citizens National Bank Trust Department bought a new stake in The PNC Financial Services Group in the fourth quarter worth about $28,000. Retirement Planning Co of New England Inc. purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $30,000. Guardian Wealth Management Inc. purchased a new position in The PNC Financial Services Group during the fourth quarter valued at approximately $32,000. Kozak & Associates Inc. purchased a new position in The PNC Financial Services Group in the 3rd quarter worth approximately $34,000. Finally, Covestor Ltd purchased a new position in The PNC Financial Services Group in the 4th quarter worth approximately $40,000. 83.54% of the stock is currently owned by institutional investors.

PNC has been the subject of several research reports. Raymond James decreased their price objective on shares of The PNC Financial Services Group from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Monday, April 18th. StockNews.com assumed coverage on shares of The PNC Financial Services Group in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut their price objective on shares of The PNC Financial Services Group from $209.00 to $196.00 and set an “underweight” rating for the company in a report on Monday, March 28th. Argus cut their target price on shares of The PNC Financial Services Group from $245.00 to $220.00 in a report on Monday, April 18th. Finally, Wolfe Research dropped their price objective on shares of The PNC Financial Services Group from $223.00 to $177.00 and set an “outperform” rating for the company in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus price target of $215.29.

In other news, EVP Guild Deborah sold 1,257 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $170.56, for a total value of $214,393.92. Following the completion of the sale, the executive vice president now directly owns 23,360 shares in the company, valued at $3,984,281.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert A. Niblock acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was acquired at an average price of $167.07 per share, with a total value of $334,140.00. Following the completion of the transaction, the director now directly owns 6,063 shares of the company’s stock, valued at $1,012,945.41. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

Shares of PNC stock opened at $156.61 on Thursday. The stock has a 50 day moving average of $166.11 and a 200 day moving average of $188.04. The company has a current ratio of 0.75, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The stock has a market cap of $64.77 billion, a P/E ratio of 13.25, a P/E/G ratio of 2.16 and a beta of 1.24. The PNC Financial Services Group, Inc. has a twelve month low of $149.51 and a twelve month high of $228.14.

The PNC Financial Services Group (NYSE:PNCGet Rating) last announced its quarterly earnings results on Thursday, April 14th. The financial services provider reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.51. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.72 billion. The PNC Financial Services Group had a return on equity of 12.43% and a net margin of 26.14%. The PNC Financial Services Group’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business earned $4.10 earnings per share. On average, research analysts predict that The PNC Financial Services Group, Inc. will post 14.19 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 5th. Stockholders of record on Wednesday, April 13th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, April 12th. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.83%. The PNC Financial Services Group’s payout ratio is 50.76%.

About The PNC Financial Services Group (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's 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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