The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC decreased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,845 shares of the financial services provider’s stock after selling 882 shares during the quarter. Nicolet Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $508,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ascent Group LLC raised its holdings in The PNC Financial Services Group by 15.0% in the 1st quarter. Ascent Group LLC now owns 6,826 shares of the financial services provider’s stock worth $1,103,000 after purchasing an additional 889 shares during the period. Paloma Partners Management Co increased its holdings in The PNC Financial Services Group by 2,084.0% in the 1st quarter. Paloma Partners Management Co now owns 2,184 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,084 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in The PNC Financial Services Group by 2.1% during the first quarter. Silvercrest Asset Management Group LLC now owns 647,588 shares of the financial services provider’s stock worth $104,650,000 after acquiring an additional 13,104 shares during the period. Black Maple Capital Management LP purchased a new position in The PNC Financial Services Group during the first quarter valued at $1,875,000. Finally, Interval Partners LP grew its position in shares of The PNC Financial Services Group by 22.9% in the first quarter. Interval Partners LP now owns 232,198 shares of the financial services provider’s stock valued at $37,523,000 after purchasing an additional 43,264 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $208.12, for a total transaction of $258,485.04. Following the transaction, the chief executive officer now owns 536,249 shares of the company’s stock, valued at approximately $111,604,141.88. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now directly owns 38,649 shares of the company’s stock, valued at approximately $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,546 shares of company stock worth $5,317,200 over the last ninety days. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Trading Up 2.1 %

Shares of The PNC Financial Services Group stock opened at $210.07 on Friday. The PNC Financial Services Group, Inc. has a fifty-two week low of $127.15 and a fifty-two week high of $214.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $83.35 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.15 and a beta of 1.13. The stock has a 50 day moving average of $191.01 and a 200 day moving average of $174.71.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the previous year, the firm earned $3.60 EPS. The PNC Financial Services Group’s revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th were issued a $1.60 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 annualized dividend and a yield of 3.05%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 54.10%.

Wall Street Analyst Weigh In

PNC has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. The Goldman Sachs Group decreased their target price on The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Evercore ISI boosted their price target on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America upgraded The PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Finally, Stephens upped their target price on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $186.96.

The PNC Financial Services Group 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.