The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,061 shares of the financial services provider’s stock after selling 2,411 shares during the period. First National Trust Co’s holdings in The PNC Financial Services Group were worth $3,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in PNC. Raymond James Financial Services Advisors Inc. increased its position in shares of The PNC Financial Services Group by 22.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 139,150 shares of the financial services provider’s stock valued at $17,083,000 after purchasing an additional 25,304 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in The PNC Financial Services Group by 10.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,445 shares of the financial services provider’s stock worth $423,000 after buying an additional 329 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of The PNC Financial Services Group by 6.9% during the 3rd quarter. Independent Advisor Alliance now owns 15,627 shares of the financial services provider’s stock worth $1,919,000 after acquiring an additional 1,010 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its holdings in shares of The PNC Financial Services Group by 2.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 195,109 shares of the financial services provider’s stock valued at $23,954,000 after acquiring an additional 5,100 shares during the last quarter. Finally, Forsta AP Fonden raised its position in shares of The PNC Financial Services Group by 4.5% during the 3rd quarter. Forsta AP Fonden now owns 83,900 shares of the financial services provider’s stock worth $10,300,000 after acquiring an additional 3,600 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $0.54 on Friday, reaching $156.22. The company’s stock had a trading volume of 1,141,551 shares, compared to its average volume of 1,722,543. The stock’s 50-day moving average is $153.58 and its two-hundred day moving average is $144.41. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $62.15 billion, a P/E ratio of 13.12, a PEG ratio of 1.76 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The business had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the prior year, the company earned $3.98 earnings per share. The business’s revenue was down 8.2% compared to the same quarter last year. As a group, sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current year.

The PNC Financial Services Group Announces Dividend

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 of this dividend is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.97%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 52.06%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the transaction, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PNC. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price target on shares of 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. StockNews.com cut shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, UBS Group boosted their price target on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $157.02.

The PNC Financial Services Group 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.