Flavin Financial Services Inc. Acquires Shares of 12,173 The PNC Financial Services Group, Inc. (NYSE:PNC)

Flavin Financial Services Inc. purchased a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,173 shares of the financial services provider’s stock, valued at approximately $2,347,000. The PNC Financial Services Group comprises 2.2% of Flavin Financial Services Inc.’s investment portfolio, making the stock its 15th largest holding.

Several other large investors also recently modified their holdings of the stock. Trust Point Inc. boosted its holdings in The PNC Financial Services Group by 5.4% in the 4th quarter. Trust Point Inc. now owns 2,604 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 134 shares during the period. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of The PNC Financial Services Group by 3.1% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,680 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 51 shares during the last quarter. Financial Life Planners purchased a new stake in The PNC Financial Services Group during the fourth quarter valued at about $37,000. Catalina Capital Group LLC boosted its position in The PNC Financial Services Group by 6.2% during the fourth quarter. Catalina Capital Group LLC now owns 2,052 shares of the financial services provider’s stock valued at $396,000 after buying an additional 120 shares during the period. Finally, JB Capital LLC boosted its position in The PNC Financial Services Group by 2.0% during the fourth quarter. JB Capital LLC now owns 77,371 shares of the financial services provider’s stock valued at $14,921,000 after buying an additional 1,492 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $197.61 on Tuesday. The stock has a market cap of $78.41 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The PNC Financial Services Group, Inc. has a 1 year low of $139.69 and a 1 year high of $216.26. The firm has a 50-day moving average of $199.85 and a two-hundred day moving average of $189.82.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the business posted $3.16 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts forecast that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.24%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.55%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Stephens restated an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a report on Friday, January 17th. Keefe, Bruyette & Woods increased their price target on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a report on Wednesday, October 16th. Evercore ISI increased 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 report on Wednesday, October 16th. Finally, Compass Point raised their price objective on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $205.00.

View Our Latest Analysis on The PNC Financial Services Group

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $208.12, for a total value of $258,485.04. Following the sale, the chief executive officer now directly owns 536,249 shares of the company’s stock, valued at $111,604,141.88. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $3,048,195.81. Following the sale, the director now directly owns 38,649 shares in the company, valued at $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,171 shares of company stock worth $5,786,210 in the last 90 days. 0.42% of the stock is owned by corporate insiders.

The PNC Financial Services Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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