Cutler Investment Counsel LLC Decreases Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Cutler Investment Counsel LLC lowered its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 0.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 50,893 shares of the financial services provider’s stock after selling 483 shares during the period. Cutler Investment Counsel LLC’s holdings in The PNC Financial Services Group were worth $7,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at $26,000. Tennessee Valley Asset Management Partners purchased a new stake in The PNC Financial Services Group during the fourth quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of The PNC Financial Services Group by 350.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Fortitude Family Office LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at about $25,000. 83.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PNC shares. Jefferies Financial Group decreased their price target on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday. StockNews.com raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 price objective on shares of The PNC Financial Services Group in a research report on Wednesday. UBS Group raised 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. Finally, The Goldman Sachs Group upped their price target on 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of “Hold” and an average target price of $156.63.

The PNC Financial Services Group Stock Up 2.7 %

NYSE:PNC traded up $3.96 during mid-day trading on Friday, hitting $151.85. 1,314,011 shares of the company’s stock were exchanged, compared to its average volume of 2,133,119. The company has a market cap of $60.41 billion, a PE ratio of 12.75, a P/E/G ratio of 1.69 and a beta of 1.18. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.84. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24. The business has a fifty day moving average price of $151.80 and a 200 day moving average price of $141.72.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.09 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The PNC Financial Services Group’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.98 EPS. Equities analysts predict that The PNC Financial Services Group, Inc. will post 12.47 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm 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. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 4.08%. The PNC Financial Services Group’s dividend payout ratio is 52.06%.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.42% of the company’s stock.

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.