United Capital Financial Advisers LLC Decreases Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

United Capital Financial Advisers LLC decreased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 2.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,859 shares of the financial services provider’s stock after selling 644 shares during the quarter. United Capital Financial Advisers LLC’s holdings in The PNC Financial Services Group were worth $4,869,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in The PNC Financial Services Group by 0.9% during the first quarter. Vanguard Group Inc. now owns 37,277,399 shares of the financial services provider’s stock worth $6,875,816,000 after buying an additional 349,470 shares during the period. BlackRock Inc. increased its position in The PNC Financial Services Group by 2.0% during the first quarter. BlackRock Inc. now owns 30,563,752 shares of the financial services provider’s stock worth $5,637,484,000 after buying an additional 589,293 shares during the period. Capital Research Global Investors increased its position in The PNC Financial Services Group by 1.2% during the first quarter. Capital Research Global Investors now owns 17,152,726 shares of the financial services provider’s stock worth $3,163,834,000 after buying an additional 195,172 shares during the period. Charles Schwab Investment Management Inc. increased its position in The PNC Financial Services Group by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,124,027 shares of the financial services provider’s stock worth $391,778,000 after buying an additional 51,860 shares during the period. Finally, Deutsche Bank AG increased its position in The PNC Financial Services Group by 22.9% during the second quarter. Deutsche Bank AG now owns 2,089,735 shares of the financial services provider’s stock worth $329,698,000 after buying an additional 389,958 shares during the period. Hedge funds and other institutional investors own 81.89% of the company’s stock.

The PNC Financial Services Group Price Performance

PNC stock opened at $166.50 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.78 and a current ratio of 0.78. The PNC Financial Services Group, Inc. has a 1 year low of $143.52 and a 1 year high of $228.14. The firm has a market cap of $67.15 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.16. The stock has a 50-day simple moving average of $157.37 and a 200-day simple moving average of $160.93.

The PNC Financial Services Group (NYSE:PNCGet Rating) last posted its earnings results on Friday, October 14th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.69 by $0.09. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.40 billion. The PNC Financial Services Group had a return on equity of 12.45% and a net margin of 26.96%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.75 earnings per share. On average, equities analysts predict that The PNC Financial Services Group, Inc. will post 14.43 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, November 5th. Investors of record on Monday, October 17th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date was Friday, October 14th. The PNC Financial Services Group’s dividend payout ratio is currently 45.25%.

Insider Activity at The PNC Financial Services Group

In related news, EVP Guild Deborah sold 2,833 shares of the stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $159.66, for a total value of $452,316.78. Following the completion of the transaction, the executive vice president now owns 20,527 shares of the company’s stock, valued at $3,277,340.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on The PNC Financial Services Group from $191.00 to $171.50 in a report on Tuesday, October 11th. Morgan Stanley decreased their target price on The PNC Financial Services Group from $180.00 to $172.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 5th. Evercore ISI reduced their target price on The PNC Financial Services Group to $180.00 in a research report on Thursday, October 20th. StockNews.com started coverage on The PNC Financial Services Group in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $162.00 to $165.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $188.56.

About The PNC Financial Services Group

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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.

See Also

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

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