The PNC Financial Services Group, Inc (NYSE:PNC) Stock Position Lifted by ORG Partners LLC

ORG Partners LLC lifted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 28.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,599 shares of the financial services provider’s stock after purchasing an additional 1,467 shares during the quarter. ORG Partners LLC’s holdings in The PNC Financial Services Group were worth $1,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PNC. Rialto Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group during the 4th quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the fourth quarter valued at approximately $33,000. Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the first quarter valued at approximately $35,000. REAP Financial Group LLC raised its holdings in The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 80 shares in the last quarter. Finally, Hoey Investments Inc. acquired a new stake in The PNC Financial Services Group in the fourth quarter worth approximately $39,000. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock opened at $175.09 on Friday. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The firm’s 50 day simple moving average is $168.58 and its 200-day simple moving average is $181.37. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $69.26 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.47 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 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 analysts’ expectations of $5.50 billion. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. As a group, equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group’s payout ratio is 45.20%.

Insider Buying and Selling

In related news, Director Martin Pfinsgraff bought 1,000 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was bought at an average price of $158.22 per share, with a total value of $158,220.00. Following the purchase, the director now directly owns 2,009 shares of the company’s stock, valued at approximately $317,863.98. This represents a 99.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William S. Demchak sold 601 shares of the business’s stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $160.00, for a total transaction 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 represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,670 shares of company stock valued at $2,099,398. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley decreased their price target on 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. Hsbc Global Res raised The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 31st. Royal Bank Of Canada lowered their target price on The PNC Financial Services Group from $205.00 to $195.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. Citigroup dropped their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $202.67.

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.