Private Trust Co. NA Purchases 178 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Private Trust Co. NA raised its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.8% during the fourth quarter, HoldingsChannel reports. The fund owned 10,122 shares of the financial services provider’s stock after acquiring an additional 178 shares during the quarter. Private Trust Co. NA’s holdings in The PNC Financial Services Group were worth $1,952,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PNC. Hosking Partners LLP grew its holdings in shares of The PNC Financial Services Group by 22.7% in the fourth quarter. Hosking Partners LLP now owns 85,129 shares of the financial services provider’s stock worth $16,417,000 after purchasing an additional 15,747 shares during the last quarter. Argyle Capital Management LLC raised its stake in shares of The PNC Financial Services Group by 1.2% during the 4th quarter. Argyle Capital Management LLC now owns 32,903 shares of the financial services provider’s stock worth $6,345,000 after acquiring an additional 385 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of The PNC Financial Services Group by 64.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,078 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 422 shares in the last quarter. Linscomb Wealth Inc. raised its stake in shares of The PNC Financial Services Group by 7.6% during the 4th quarter. Linscomb Wealth Inc. now owns 2,221 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 156 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of The PNC Financial Services Group by 163.6% during the 4th quarter. Versor Investments LP now owns 8,700 shares of the financial services provider’s stock worth $1,678,000 after acquiring an additional 5,400 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on PNC shares. Citigroup boosted their target price on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Stephens reissued an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Morgan Stanley increased their price target on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price target on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company increased their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $205.00.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $209.24, for a total transaction of $259,876.08. Following the sale, the chief executive officer now owns 532,523 shares of the company’s stock, valued at approximately $111,425,112.52. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 12,420 shares of company stock valued at $2,445,461 over the last 90 days. 0.42% of the stock is owned by corporate insiders.

The PNC Financial Services Group Trading Up 0.8 %

Shares of PNC stock opened at $188.46 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $74.78 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The company has a 50-day moving average of $195.43 and a two-hundred day moving average of $192.15. The PNC Financial Services Group, Inc. has a 1-year low of $143.52 and a 1-year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the firm posted $3.16 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts predict that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were issued a $1.60 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.40%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.55%.

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.