Caprock Group LLC Has $3.66 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Caprock Group LLC grew its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,809 shares of the financial services provider’s stock after buying an additional 219 shares during the quarter. Caprock Group LLC’s holdings in The PNC Financial Services Group were worth $3,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Intech Investment Management LLC bought a new stake in The PNC Financial Services Group in the first quarter worth approximately $292,000. UniSuper Management Pty Ltd lifted its stake in shares of The PNC Financial Services Group by 1,142.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 5,865 shares of the financial services provider’s stock valued at $948,000 after purchasing an additional 5,393 shares during the last quarter. Bessemer Group Inc. boosted its holdings in The PNC Financial Services Group by 35.0% in the first quarter. Bessemer Group Inc. now owns 65,541 shares of the financial services provider’s stock worth $10,591,000 after purchasing an additional 17,008 shares in the last quarter. Natixis increased its position in The PNC Financial Services Group by 6.0% during the first quarter. Natixis now owns 48,633 shares of the financial services provider’s stock worth $7,859,000 after buying an additional 2,745 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in The PNC Financial Services Group during the first quarter valued at about $144,000. Institutional investors own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PNC has been the subject of several recent analyst reports. Compass Point downgraded The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Bank of America upgraded The PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Evercore ISI lifted their price target on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company upped their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Stephens lifted 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 research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $186.96.

The PNC Financial Services Group Stock Down 1.0 %

Shares of NYSE PNC opened at $204.86 on Wednesday. The PNC Financial Services Group, Inc. has a 52-week low of $127.08 and a 52-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 business has a fifty day moving average of $189.25 and a two-hundred day moving average of $173.78. The stock has a market cap of $81.28 billion, a PE ratio of 17.32, a PEG ratio of 2.17 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The firm 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 company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.60 earnings per share. As a group, equities research analysts expect that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

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

Insider Activity

In related news, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 38,649 shares in the company, valued at $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $176.15, for a total value of $218,778.30. Following the completion of the transaction, the chief executive officer now owns 555,943 shares in the company, valued at $97,929,359.45. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,788 shares of company stock worth $5,535,978. 0.42% of the stock is owned by corporate insiders.

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.