The PNC Financial Services Group, Inc. (NYSE:PNC) Holdings Lifted by Francis Financial Inc.

Francis Financial Inc. increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,565 shares of the financial services provider’s stock after acquiring an additional 132 shares during the period. Francis Financial Inc.’s holdings in The PNC Financial Services Group were worth $470,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in The PNC Financial Services Group in the fourth quarter valued at about $1,352,151,000. Schroder Investment Management Group grew its stake in shares of The PNC Financial Services Group by 166.1% in the 4th quarter. Schroder Investment Management Group now owns 1,378,675 shares of the financial services provider’s stock valued at $265,436,000 after buying an additional 860,554 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in The PNC Financial Services Group by 10.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,538,310 shares of the financial services provider’s stock worth $1,453,763,000 after buying an additional 726,115 shares during the last quarter. Bank of New York Mellon Corp raised its position in The PNC Financial Services Group by 22.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,870,548 shares of the financial services provider’s stock valued at $746,435,000 after acquiring an additional 710,311 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in The PNC Financial Services Group by 14.9% in the fourth quarter. Northern Trust Corp now owns 4,695,514 shares of the financial services provider’s stock valued at $905,530,000 after acquiring an additional 608,375 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Martin Pfinsgraff acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $158.22 per share, with a total value of $158,220.00. Following the completion of the purchase, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. This trade represents a 99.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 601 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $160.00, for a total value of $96,160.00. Following the transaction, the chief executive officer now owns 563,573 shares in the company, valued at approximately $90,171,680. This trade represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,662 shares of company stock valued at $2,322,006. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PNC has been the topic of a number of recent research reports. Stephens restated 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. Royal Bank of Canada decreased their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 16th. Citigroup cut their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating for the company in a report on Monday, March 24th. Finally, Morgan Stanley dropped their price objective on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an “underweight” rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.88.

The PNC Financial Services Group Trading Down 0.2 %

Shares of NYSE PNC opened at $166.44 on Friday. The PNC Financial Services Group, Inc. has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $164.74 and a two-hundred day moving average of $186.58. The company has a market cap of $65.84 billion, a PE ratio of 12.10, a P/E/G ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.04. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.50 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. As a group, equities analysts expect that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were given a $1.60 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.85%. The PNC Financial Services Group’s payout ratio is 45.20%.

About The PNC Financial Services Group

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.