The PNC Financial Services Group, Inc. (NYSE:PNC) Stock Holdings Lessened by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. reduced its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,296 shares of the financial services provider’s stock after selling 279 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in The PNC Financial Services Group were worth $1,130,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PNC. Raymond James Financial Services Advisors Inc. lifted its position in shares of The PNC Financial Services Group by 22.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 139,150 shares of the financial services provider’s stock worth $17,083,000 after buying an additional 25,304 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of The PNC Financial Services Group by 10.6% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,445 shares of the financial services provider’s stock worth $423,000 after acquiring an additional 329 shares during the period. Independent Advisor Alliance increased its holdings in shares of The PNC Financial Services Group by 6.9% in the 3rd quarter. Independent Advisor Alliance now owns 15,627 shares of the financial services provider’s stock worth $1,919,000 after acquiring an additional 1,010 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in shares of The PNC Financial Services Group by 2.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 195,109 shares of the financial services provider’s stock worth $23,954,000 after acquiring an additional 5,100 shares during the period. Finally, Forsta AP Fonden increased its holdings in shares of The PNC Financial Services Group by 4.5% in the 3rd quarter. Forsta AP Fonden now owns 83,900 shares of the financial services provider’s stock worth $10,300,000 after acquiring an additional 3,600 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC opened at $156.22 on Friday. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The stock has a market capitalization of $62.15 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.76 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $153.38 and its 200 day simple moving average is $144.15.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the company earned $3.98 EPS. The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 12.65 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 3.97%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 52.06%.

Analyst Ratings Changes

PNC has been the topic of a number of analyst reports. Bank of America increased their price objective on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their price objective for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. Morgan Stanley increased their price objective on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a report on Tuesday, January 30th. Evercore ISI lowered their target price on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of The PNC Financial Services Group from $163.50 to $163.00 and set an “overweight” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and an average price target of $157.02.

The PNC Financial Services Group 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.