The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 21.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,894 shares of the financial services provider’s stock after purchasing an additional 1,550 shares during the period. Gladstone Institutional Advisory LLC’s holdings in The PNC Financial Services Group were worth $1,715,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. TFB Advisors LLC raised its holdings in shares of The PNC Financial Services Group by 3.3% during the 4th quarter. TFB Advisors LLC now owns 1,799 shares of the financial services provider’s stock valued at $347,000 after buying an additional 58 shares during the period. Certuity LLC grew its position in The PNC Financial Services Group by 2.7% in the fourth quarter. Certuity LLC now owns 106,193 shares of the financial services provider’s stock valued at $20,479,000 after acquiring an additional 2,777 shares in the last quarter. Community Financial Services Group LLC grew its position in The PNC Financial Services Group by 6.8% in the fourth quarter. Community Financial Services Group LLC now owns 34,359 shares of the financial services provider’s stock valued at $6,626,000 after acquiring an additional 2,183 shares in the last quarter. Schear Investment Advisers LLC raised its stake in shares of The PNC Financial Services Group by 18.5% during the fourth quarter. Schear Investment Advisers LLC now owns 10,927 shares of the financial services provider’s stock valued at $2,107,000 after purchasing an additional 1,703 shares during the period. Finally, Stonebridge Financial Group LLC acquired a new position in shares of The PNC Financial Services Group during the fourth quarter worth $899,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PNC has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup lifted their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Morgan Stanley boosted their price target on The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Barclays raised their price objective on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Hold” and an average target price of $205.00.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $216.01, for a total transaction of $268,284.42. Following the completion of the transaction, the chief executive officer now owns 533,765 shares of the company’s stock, valued at approximately $115,298,577.65. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 13,662 shares of company stock worth $2,730,549 in the last three months. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group Stock Down 0.2 %

Shares of NYSE:PNC opened at $195.23 on Friday. The company’s fifty day moving average is $197.68 and its two-hundred day moving average is $190.90. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current 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 stock has a market capitalization of $77.46 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, topping 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 firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the business earned $3.16 earnings per share. The PNC Financial Services Group’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 15.3 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were given a dividend of $1.60 per share. The ex-dividend date was Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.28%. The PNC Financial Services Group’s dividend payout ratio is currently 46.55%.

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.