The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 49.7% during the third quarter, HoldingsChannel.com reports. The fund owned 11,914 shares of the financial services provider’s stock after buying an additional 3,954 shares during the period. Ieq Capital LLC’s holdings in The PNC Financial Services Group were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. West Financial Advisors LLC purchased a new stake in shares of The PNC Financial Services Group in the third quarter valued at about $26,000. ACG Wealth acquired a new position in The PNC Financial Services Group in the 2nd quarter valued at about $27,000. Win Advisors Inc. raised its stake in The PNC Financial Services Group by 61.0% during the 2nd quarter. Win Advisors Inc. now owns 198 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its position in The PNC Financial Services Group by 43.1% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 249 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 75 shares during the period. Finally, Chilton Capital Management LLC purchased a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Compass Point decreased their price target on The PNC Financial Services Group to $160.00 in a report on Thursday, October 20th. Morgan Stanley lowered their target price on shares of The PNC Financial Services Group from $178.00 to $163.00 and set an “underweight” rating on the stock in a report on Thursday, January 19th. UBS Group lowered shares of The PNC Financial Services Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $190.00 to $176.00 in a research note on Tuesday, January 10th. StockNews.com upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 19th. Finally, Odeon Capital Group upgraded The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $176.27 target price on the stock in a research report on Tuesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $180.41.

The PNC Financial Services Group Trading Up 2.9 %

NYSE:PNC opened at $159.34 on Tuesday. The company has a market capitalization of $64.27 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 2.24 and a beta of 1.16. The PNC Financial Services Group, Inc. has a 52-week low of $143.52 and a 52-week high of $214.50. The stock has a fifty day simple moving average of $158.96 and a 200-day simple moving average of $159.79. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.28.

The PNC Financial Services Group (NYSE:PNCGet Rating) last announced its earnings results on Wednesday, January 18th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.46). The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.71 billion. The PNC Financial Services Group had a return on equity of 12.88% and a net margin of 25.73%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.86 EPS. On average, equities research analysts expect that The PNC Financial Services Group, Inc. will post 14.94 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, February 5th. Shareholders of record on Tuesday, January 17th will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, January 13th. The PNC Financial Services Group’s payout ratio is 43.26%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 2,833 shares of the company’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $159.66, for a total value of $452,316.78. Following the sale, the executive vice president now directly owns 20,527 shares in the company, valued at $3,277,340.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.34% of the company’s stock.

The PNC Financial Services Group Company Profile

(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 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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