The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC cut its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,993 shares of the financial services provider’s stock after selling 88 shares during the quarter. Aptus Capital Advisors LLC’s holdings in The PNC Financial Services Group were worth $1,108,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PNC. Commonwealth Retirement Investments LLC raised its stake in shares of The PNC Financial Services Group by 2.3% in the 3rd quarter. Commonwealth Retirement Investments LLC now owns 15,104 shares of the financial services provider’s stock valued at $2,792,000 after acquiring an additional 341 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in The PNC Financial Services Group in the 3rd quarter valued at $268,000. Nations Financial Group Inc. IA ADV purchased a new position in The PNC Financial Services Group in the third quarter valued at about $230,000. Versor Investments LP lifted its stake in shares of The PNC Financial Services Group by 37.5% during the third quarter. Versor Investments LP now owns 3,300 shares of the financial services provider’s stock worth $610,000 after purchasing an additional 900 shares in the last quarter. Finally, Kennebec Savings Bank acquired a new position in shares of The PNC Financial Services Group during the third quarter worth about $567,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Down 0.6 %

NYSE:PNC opened at $207.96 on Friday. The PNC Financial Services Group, Inc. has a 12-month low of $126.41 and a 12-month high of $214.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The business has a 50 day simple moving average of $187.09 and a 200 day simple moving average of $172.19. The firm has a market capitalization of $82.51 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.23 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the prior year, the firm earned $3.60 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 13.41 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 54.10%.

Analyst Ratings Changes

PNC has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Keefe, Bruyette & Woods lifted their price objective on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of The PNC Financial Services Group from $204.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI lifted their price target on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America raised shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $185.00 to $200.00 in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $185.71.

Insider Buying and Selling at The PNC Financial Services Group

In other news, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares of the company’s stock, valued at approximately $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $176.15, for a total transaction of $218,778.30. Following the sale, the chief executive officer now owns 555,943 shares in the company, valued at approximately $97,929,359.45. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,546 shares of company stock worth $5,277,493. 0.42% of the stock is owned by company insiders.

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.