The PNC Financial Services Group, Inc $PNC Shares Acquired by Leuthold Group LLC

Leuthold Group LLC boosted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,741 shares of the financial services provider’s stock after buying an additional 2,355 shares during the quarter. Leuthold Group LLC’s holdings in The PNC Financial Services Group were worth $5,721,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PNC. Highland Investment Advisors LLC bought a new position in shares of The PNC Financial Services Group during the second quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in The PNC Financial Services Group in the second quarter valued at approximately $28,000. Wilkerson Advisory Group LLC boosted its holdings in The PNC Financial Services Group by 93.4% in the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Archer Investment Corp acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $33,000. Finally, Dunhill Financial LLC acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $37,000. Institutional investors own 83.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stacy Juchno sold 3,354 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $255.84, for a total transaction of $858,087.36. Following the transaction, the executive vice president owned 18,800 shares in the company, valued at approximately $4,809,792. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

PNC has been the subject of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of The PNC Financial Services Group from $260.00 to $250.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Bank of America decreased their price objective on shares of The PNC Financial Services Group from $291.00 to $276.00 in a research report on Thursday, October 8th. Wolfe Research initiated coverage on shares of The PNC Financial Services Group in a research report on Tuesday, October 27th. They set a “peer perform” rating for the company. The Goldman Sachs Group lowered their target price on shares of The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Finally, Citigroup dropped their target price on shares of The PNC Financial Services Group from $290.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Seventeen investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $266.04.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $231.52 on Tuesday. The stock has a market capitalization of $91.86 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.21 and a beta of 0.92. The PNC Financial Services Group, Inc has a 52-week low of $177.08 and a 52-week high of $258.96. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.84. The stock’s 50 day moving average price is $228.37 and its two-hundred day moving average price is $229.23.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, beating the consensus estimate of $4.91 by $0.18. The PNC Financial Services Group had a net margin of 21.83% and a return on equity of 12.82%. The company had revenue of $6.60 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same quarter in the previous year, the business posted $4.35 EPS. The PNC Financial Services Group’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that The PNC Financial Services Group, Inc will post 19.24 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Wednesday, October 14th were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Wednesday, October 14th. The PNC Financial Services Group’s payout ratio is 42.58%.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It serves consumers, small businesses, corporations, government entities and institutional clients through a range of banking and financial services.

PNC’s businesses include retail banking, corporate and institutional banking, and asset management. Its offerings include deposit accounts, lending, cash management, treasury services, investment and wealth management, and other financial products and services.

The company traces its history to 1852 and took its current name following the 1983 merger of Pittsburgh National Corporation and Provident National Corporation.