Catalyst Capital Advisors LLC Buys Shares of 385 The PNC Financial Services Group, Inc. (NYSE:PNC)

Catalyst Capital Advisors LLC bought a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 385 shares of the financial services provider’s stock, valued at approximately $71,000.

A number of other large investors also recently bought and sold shares of PNC. Norden Group LLC lifted its position in The PNC Financial Services Group by 52.6% in the first quarter. Norden Group LLC now owns 2,630 shares of the financial services provider’s stock valued at $425,000 after buying an additional 907 shares during the last quarter. Nordea Investment Management AB lifted its position in The PNC Financial Services Group by 5.6% in the first quarter. Nordea Investment Management AB now owns 29,619 shares of the financial services provider’s stock valued at $4,779,000 after buying an additional 1,564 shares during the last quarter. Duality Advisers LP lifted its position in The PNC Financial Services Group by 108.5% in the first quarter. Duality Advisers LP now owns 20,641 shares of the financial services provider’s stock valued at $3,336,000 after buying an additional 10,743 shares during the last quarter. Empirical Finance LLC lifted its position in The PNC Financial Services Group by 3.4% in the first quarter. Empirical Finance LLC now owns 14,801 shares of the financial services provider’s stock valued at $2,392,000 after buying an additional 489 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in The PNC Financial Services Group by 2.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 37,512 shares of the financial services provider’s stock worth $6,062,000 after purchasing an additional 810 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $204.97 on Thursday. The firm has a market capitalization of $81.33 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.98 and a beta of 1.13. The PNC Financial Services Group, Inc. has a 52 week low of $118.56 and a 52 week high of $205.06. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.22. The firm’s 50 day moving average is $184.75 and its two-hundred day moving average is $170.42.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.30 by $0.19. The company had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.60 earnings per share. Research analysts forecast that The PNC Financial Services Group, Inc. will post 13.34 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were paid a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $6.40 annualized dividend and a yield of 3.12%. The PNC Financial Services Group’s dividend payout ratio is currently 54.10%.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $171.80, for a total value of $213,375.60. Following the completion of the sale, the chief executive officer now directly owns 557,185 shares of the company’s stock, valued at approximately $95,724,383. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the sale, the director now directly owns 915 shares of the company’s stock, valued at approximately $170,299.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $171.80, for a total value of $213,375.60. Following the sale, the chief executive officer now directly owns 557,185 shares of the company’s stock, valued at approximately $95,724,383. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,521 shares of company stock valued at $2,653,950. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PNC has been the topic of a number of recent research reports. Stephens boosted their price target on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on shares of The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Compass Point lowered shares of The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, UBS Group boosted their price target on shares of The PNC Financial Services Group from $179.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Two 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $185.71.

The PNC Financial Services Group Company 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.