L.M. Kohn & Company Has $893,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

L.M. Kohn & Company boosted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,828 shares of the financial services provider’s stock after purchasing an additional 103 shares during the period. L.M. Kohn & Company’s holdings in The PNC Financial Services Group were worth $893,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Bank & Trust Co acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $26,000. ORG Partners LLC lifted its holdings in The PNC Financial Services Group by 203.7% in the second quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock valued at $26,000 after buying an additional 110 shares during the period. LRI Investments LLC acquired a new stake in The PNC Financial Services Group during the 1st quarter worth about $28,000. Y.D. More Investments Ltd bought a new position in shares of The PNC Financial Services Group in the 2nd quarter worth about $33,000. Finally, Valley Wealth Managers Inc. lifted its stake in shares of The PNC Financial Services Group by 20,000.0% in the 3rd quarter. Valley Wealth Managers Inc. now owns 201 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 200 shares during the period. 83.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America upgraded The PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $185.00 to $200.00 in a report on Thursday, August 15th. The Goldman Sachs Group decreased their price target on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Stephens boosted their target price on The PNC Financial Services Group from $185.00 to $200.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Citigroup lifted their price objective on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $189.15.

Insider Buying and Selling

In other news, Director Martin Pfinsgraff sold 859 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total transaction of $159,877.08. Following the sale, the director now owns 915 shares in the company, valued at approximately $170,299.80. This trade represents a 48.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $183.74, for a total value of $228,205.08. Following the sale, the chief executive officer now owns 549,733 shares in the company, valued at $101,007,941.42. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,546 shares of company stock worth $5,345,530. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Trading Down 0.1 %

Shares of PNC stock opened at $214.72 on Friday. The PNC Financial Services Group, Inc. has a 1 year low of $132.11 and a 1 year high of $216.26. The company’s fifty day simple moving average is $194.07 and its two-hundred day simple moving average is $176.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $85.20 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.25 and a beta of 1.13.

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

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.98%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 54.10%.

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.