Curi Wealth Management LLC Has $899,000 Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Curi Wealth Management LLC reduced its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 82.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,808 shares of the financial services provider’s stock after selling 26,875 shares during the period. Curi Wealth Management LLC’s holdings in The PNC Financial Services Group were worth $899,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ING Groep NV bought a new stake in The PNC Financial Services Group during the 3rd quarter worth about $182,000. Summit Trail Advisors LLC increased its position in The PNC Financial Services Group by 14.7% in the third quarter. Summit Trail Advisors LLC now owns 2,302 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 295 shares during the period. Perigon Wealth Management LLC raised its holdings in The PNC Financial Services Group by 8.0% during the 3rd quarter. Perigon Wealth Management LLC now owns 6,086 shares of the financial services provider’s stock worth $747,000 after purchasing an additional 449 shares during the last quarter. Congress Wealth Management LLC DE lifted its position in The PNC Financial Services Group by 51.1% during the 3rd quarter. Congress Wealth Management LLC DE now owns 2,795 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 945 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of The PNC Financial Services Group by 6.3% in the 3rd quarter. Allworth Financial LP now owns 8,259 shares of the financial services provider’s stock valued at $1,014,000 after purchasing an additional 486 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Richard Kevin Bynum sold 850 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total value of $132,489.50. Following the sale, the executive vice president now owns 3,502 shares of the company’s stock, valued at $545,856.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group raised their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. StockNews.com raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Monday. 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 note on Thursday, March 28th. Jefferies Financial Group decreased their target price on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $152.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $157.02.

Get Our Latest Report on PNC

The PNC Financial Services Group Stock Up 0.9 %

Shares of PNC stock traded up $1.35 on Tuesday, hitting $159.40. 1,127,180 shares of the stock were exchanged, compared to its average volume of 2,005,090. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $63.43 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.78 and a beta of 1.16. The PNC Financial Services Group, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $162.24. The business has a 50-day moving average of $154.73 and a 200 day moving average of $146.68.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last released its quarterly 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 firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.98 EPS. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, May 5th. Shareholders of record on Monday, April 15th were paid a $1.55 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 3.89%. The PNC Financial Services Group’s payout ratio is currently 52.06%.

About The PNC Financial Services Group

(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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