West Paces Advisors Inc. Has $1.01 Million Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

West Paces Advisors Inc. cut its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,499 shares of the financial services provider’s stock after selling 147 shares during the quarter. West Paces Advisors Inc.’s holdings in The PNC Financial Services Group were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PNC. 1832 Asset Management L.P. grew its holdings in The PNC Financial Services Group by 33.5% during the first quarter. 1832 Asset Management L.P. now owns 267 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 67 shares during the period. Bangor Savings Bank grew its stake in The PNC Financial Services Group by 1.2% in the fourth quarter. Bangor Savings Bank now owns 5,737 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 69 shares in the last quarter. KCM Investment Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 7.1% in the 1st quarter. KCM Investment Advisors LLC now owns 1,194 shares of the financial services provider’s stock valued at $220,000 after buying an additional 79 shares during the last quarter. Caprock Group LLC grew its stake in shares of The PNC Financial Services Group by 0.9% in the fourth quarter. Caprock Group LLC now owns 8,574 shares of the financial services provider’s stock valued at $1,328,000 after buying an additional 79 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its holdings in The PNC Financial Services Group by 2.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 3,645 shares of the financial services provider’s stock worth $576,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Analyst Ratings Changes

PNC has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Jefferies Financial Group upped their price objective on The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a research note on Monday, April 8th. UBS Group lifted their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their price target for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The PNC Financial Services Group from $145.00 to $152.00 and gave the stock an “underperform” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The PNC Financial Services Group has an average rating of “Hold” and an average price target of $157.10.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of PNC stock traded down $3.02 during trading on Tuesday, hitting $146.54. The company had a trading volume of 3,350,244 shares, compared to its average volume of 2,159,334. The firm has a market capitalization of $58.30 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84. The stock’s 50-day moving average price is $151.88 and its 200 day moving average price is $141.47.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.05. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the company posted $3.98 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. Equities analysts expect that The PNC Financial Services Group, Inc. will post 12.42 EPS 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 issued a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 48.48%.

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.