The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC raised its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 44.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 338 shares of the financial services provider’s stock after purchasing an additional 104 shares during the period. Laurel Wealth Advisors LLC’s holdings in The PNC Financial Services Group were worth $65,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Park Avenue Securities LLC increased its holdings in shares of The PNC Financial Services Group by 20.8% during the 4th quarter. Park Avenue Securities LLC now owns 11,297 shares of the financial services provider’s stock worth $2,179,000 after buying an additional 1,943 shares during the last quarter. Kathmere Capital Management LLC grew its position in The PNC Financial Services Group by 5.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,994 shares of the financial services provider’s stock valued at $1,542,000 after acquiring an additional 380 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in The PNC Financial Services Group by 48.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,758 shares of the financial services provider’s stock worth $5,160,000 after acquiring an additional 8,735 shares during the last quarter. Community Trust & Investment Co. raised its holdings in shares of The PNC Financial Services Group by 10.0% in the 4th quarter. Community Trust & Investment Co. now owns 1,242 shares of the financial services provider’s stock worth $240,000 after purchasing an additional 113 shares during the period. Finally, Pines Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at about $1,258,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. The Goldman Sachs Group lifted their target price on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley raised their price objective on The PNC Financial Services Group from $177.00 to $180.00 and gave the company an “underweight” rating in a research report on Wednesday, October 16th. Finally, Compass Point upped their target price on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $203.29.

Insider Activity at The PNC Financial Services Group

In other news, Director Martin Pfinsgraff sold 859 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the sale, the director now directly owns 915 shares in the company, valued at approximately $170,299.80. The trade was a 48.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $190.27, for a total value of $236,315.34. Following the transaction, the chief executive officer now owns 544,765 shares in the company, valued at $103,652,436.55. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,272 shares of company stock valued at $6,164,890 over the last three months. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group Stock Up 2.2 %

PNC stock opened at $200.07 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The firm has a 50 day simple moving average of $201.75 and a 200-day simple moving average of $186.58. The company has a market capitalization of $79.38 billion, a P/E ratio of 16.91, a PEG ratio of 2.11 and a beta of 1.16. The PNC Financial Services Group, Inc. has a twelve month low of $139.69 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.19. The company had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $3.60 EPS. On average, equities research analysts predict that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be paid a $1.60 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.20%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 54.10%.

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.