Livforsakringsbolaget Skandia Omsesidigt Buys 256 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 56.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 712 shares of the financial services provider’s stock after acquiring an additional 256 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The PNC Financial Services Group were worth $110,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PNC. Daiwa Securities Group Inc. boosted its stake in The PNC Financial Services Group by 6.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 35,644 shares of the financial services provider’s stock valued at $5,519,000 after purchasing an additional 2,072 shares during the period. Steph & Co. boosted its stake in The PNC Financial Services Group by 1.8% during the 4th quarter. Steph & Co. now owns 3,720 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 67 shares during the period. Oakworth Capital Inc. boosted its stake in The PNC Financial Services Group by 11.7% during the 4th quarter. Oakworth Capital Inc. now owns 715 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 75 shares during the period. Telos Capital Management Inc. boosted its stake in The PNC Financial Services Group by 6.5% during the 4th quarter. Telos Capital Management Inc. now owns 36,097 shares of the financial services provider’s stock valued at $5,590,000 after purchasing an additional 2,206 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The PNC Financial Services Group by 39.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 166,262 shares of the financial services provider’s stock valued at $25,746,000 after purchasing an additional 47,381 shares during the period. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Up 0.4 %

NYSE PNC opened at $147.82 on Friday. The stock has a fifty day moving average of $151.80 and a 200-day moving average of $141.72. The stock has a market capitalization of $58.80 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $162.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.85.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the company earned $3.98 EPS. The firm’s revenue was down 8.2% on a year-over-year basis. On average, equities research analysts forecast that The PNC Financial Services Group, Inc. will post 12.47 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 4.19%. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Analyst Upgrades and Downgrades

PNC has been the subject of a number of research reports. 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 report on Tuesday, January 30th. UBS Group raised their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $156.63.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.