Well Done LLC Takes Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Well Done LLC purchased a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,596 shares of the financial services provider’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at $25,000. BKM Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at $26,000. Fortitude Family Office LLC acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at $28,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at $29,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $29,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PNC shares. UBS Group boosted their target price on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Keefe, Bruyette & Woods boosted their target price on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a research report on Wednesday, January 3rd. Evercore ISI boosted their target price on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Finally, Stephens reaffirmed an “equal weight” rating and set a $138.00 price objective on shares of The PNC Financial Services Group in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $152.87.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the sale, 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 available through this link. Insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Price Performance

NYSE PNC traded up $1.48 on Thursday, reaching $161.45. The company’s stock had a trading volume of 668,519 shares, compared to its average volume of 2,219,058. The firm has a market cap of $64.23 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The business has a 50-day moving average price of $149.73 and a 200 day moving average price of $138.10. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $161.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $1.04. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.49 earnings per share. Sell-side analysts expect that The PNC Financial Services Group, Inc. will post 12.4 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were paid a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $6.20 annualized dividend and a yield of 3.84%. The PNC Financial Services Group’s dividend payout ratio is 48.48%.

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.