Master S Wealth Management Inc. Has $2.15 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Master S Wealth Management Inc. grew its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 311.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,321 shares of the financial services provider’s stock after purchasing an additional 7,814 shares during the quarter. The PNC Financial Services Group makes up approximately 0.7% of Master S Wealth Management Inc.’s portfolio, making the stock its 14th largest holding. Master S Wealth Management Inc.’s holdings in The PNC Financial Services Group were worth $2,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of PNC. Monetary Solutions Ltd bought a new position in The PNC Financial Services Group in the 4th quarter worth $25,000. Quarry LP acquired a new stake in shares of The PNC Financial Services Group in the third quarter valued at about $25,000. Modus Advisors LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth about $32,000. Finally, EFG International AG acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth about $33,000. 83.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael Duane Thomas sold 1,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $238.14, for a total value of $357,210.00. Following the sale, the executive vice president owned 5,059 shares of the company’s stock, valued at $1,204,750.26. The trade was a 22.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Stephanie Novosel sold 1,800 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $228.73, for a total transaction of $411,714.00. Following the completion of the transaction, the executive vice president owned 3,107 shares of the company’s stock, valued at approximately $710,664.11. This represents a 36.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,300 shares of company stock worth $10,694,574 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of PNC stock opened at $246.89 on Tuesday. The stock has a 50 day moving average of $225.07 and a two-hundred day moving average of $219.59. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05. The PNC Financial Services Group, Inc has a 12 month low of $176.88 and a 12 month high of $249.01. The company has a market capitalization of $99.14 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.00 and a beta of 0.92.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.40. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.21 billion. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The PNC Financial Services Group’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.51 EPS. As a group, equities analysts expect that The PNC Financial Services Group, Inc will post 18.81 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 14th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, April 14th. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. The PNC Financial Services Group’s payout ratio is currently 39.51%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PNC. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of The PNC Financial Services Group in a report on Friday, March 27th. Barclays increased their price objective on The PNC Financial Services Group from $271.00 to $277.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Keefe, Bruyette & Woods boosted their target price on shares of The PNC Financial Services Group from $247.00 to $253.00 and gave the stock a “market perform” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. upped their target price on shares of The PNC Financial Services Group from $237.50 to $238.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup increased their price target on shares of The PNC Financial Services Group from $245.00 to $255.00 and gave the company a “buy” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $248.00.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.