Massmutual Trust Co. FSB ADV Has $4.36 Million Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Massmutual Trust Co. FSB ADV raised its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,034 shares of the financial services provider’s stock after buying an additional 1,167 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in The PNC Financial Services Group were worth $4,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of The PNC Financial Services Group by 350.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Trust Point Inc. bought a new stake in shares of The PNC Financial Services Group during the fourth quarter valued at approximately $459,000. Breakwater Capital Group increased its position in shares of The PNC Financial Services Group by 8.4% during the fourth quarter. Breakwater Capital Group now owns 3,801 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 294 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of The PNC Financial Services Group by 2.3% in the fourth quarter. Private Trust Co. NA now owns 7,597 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 172 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in The PNC Financial Services Group by 15,539.2% in the 4th quarter. International Assets Investment Management LLC now owns 644,021 shares of the financial services provider’s stock worth $99,727,000 after purchasing an additional 639,903 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 2.5 %

NYSE PNC traded down $4.18 during trading on Monday, reaching $165.82. 3,302,679 shares of the company’s stock were exchanged, compared to its average volume of 1,942,949. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.82 and a current ratio of 0.83. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $182.84. The stock has a market cap of $65.98 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a 50 day moving average price of $162.13 and a two-hundred day moving average price of $156.09.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.30. The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.40 billion. The PNC Financial Services Group had a net margin of 15.53% and a return on equity of 11.33%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.36 earnings per share. On average, equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 13.02 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 15th will be given a dividend of $1.60 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.55. The ex-dividend date of this dividend is Monday, July 15th. This represents a $6.40 annualized dividend and a yield of 3.86%. The PNC Financial Services Group’s dividend payout ratio is 53.74%.

Insider Buying and Selling at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 641 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $153.19, for a total value of $98,194.79. Following the transaction, the chief executive officer now owns 568,323 shares of the company’s stock, valued at approximately $87,061,400.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other The PNC Financial Services Group news, President Michael P. Lyons sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total value of $1,997,380.00. Following the sale, the president now owns 199,095 shares in the company, valued at $36,151,670.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William S. Demchak sold 641 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $153.19, for a total transaction of $98,194.79. Following the completion of the sale, the chief executive officer now directly owns 568,323 shares of the company’s stock, valued at $87,061,400.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,903 shares of company stock valued at $3,463,786. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on The PNC Financial Services Group from $194.00 to $204.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. StockNews.com upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. JPMorgan Chase & Co. dropped their target price on shares of The PNC Financial Services Group from $163.50 to $163.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Royal Bank of Canada upped their price objective on shares of The PNC Financial Services Group from $155.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, Morgan Stanley boosted their target price on shares of The PNC Financial Services Group from $165.00 to $177.00 and gave the company an “underweight” rating in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus price target of $176.09.

About The PNC Financial Services Group

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.