5,513 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Acquired by Bare Financial Services Inc

Bare Financial Services Inc bought a new position in The PNC Financial Services Group, Inc. (NYSE:PNC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,513 shares of the financial services provider’s stock, valued at approximately $854,000. The PNC Financial Services Group makes up about 1.7% of Bare Financial Services Inc’s portfolio, making the stock its 14th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $26,000. Tennessee Valley Asset Management Partners bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC boosted its position in shares of The PNC Financial Services Group by 350.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of The PNC Financial Services Group during the 4th quarter valued at approximately $32,000. 83.53% of the stock is currently owned by institutional investors.

Insider Activity

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the transaction, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Trading Up 1.1 %

PNC stock traded up $1.74 during midday trading on Thursday, reaching $155.72. The company’s stock had a trading volume of 1,172,875 shares, compared to its average volume of 2,079,596. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day simple moving average of $153.18 and a two-hundred day simple moving average of $144.07. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $162.24. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 1.73 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The business’s revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.98 earnings per share. On average, equities research analysts predict that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a dividend of $1.55 per share. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.98%. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com downgraded The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Wells Fargo & Company increased their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. UBS Group increased their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Evercore ISI decreased their price target on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, April 17th. Finally, Jefferies Financial Group decreased their price target on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Hold” and an average price target of $157.02.

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.