The PNC Financial Services Group, Inc. (NYSE:PNC) Stake Cut by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 61,824 shares of the financial services provider’s stock after selling 2,122 shares during the period. Yousif Capital Management LLC’s holdings in The PNC Financial Services Group were worth $9,573,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in The PNC Financial Services Group in the third quarter valued at about $25,000. BKM Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter worth approximately $26,000. Tennessee Valley Asset Management Partners bought a new position in The PNC Financial Services Group in the 4th quarter valued at $26,000. Fortitude Family Office LLC acquired a new position in The PNC Financial Services Group in the fourth quarter worth $28,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of 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 valued at $28,000 after buying an additional 140 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Wells Fargo & Company increased their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group lifted their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. UBS Group boosted their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Finally, Evercore ISI cut their price objective on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.63.

The PNC Financial Services Group Stock Up 0.3 %

PNC traded up $0.45 on Wednesday, hitting $158.06. The company had a trading volume of 1,275,646 shares, compared to its average volume of 2,131,412. The stock has a market capitalization of $62.88 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 1.76 and a beta of 1.18. The stock has a fifty day moving average price of $152.28 and a 200-day moving average price of $142.77. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. 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 PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.09 by $0.01. The firm had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The PNC Financial Services Group’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.98 EPS. Analysts predict that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given 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 (DPR) is presently 52.06%.

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.