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Allworth Financial LP grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,659 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. Allworth Financial LP’s holdings in The PNC Financial Services Group were worth $1,341,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group in the 3rd quarter worth about $25,000. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth about $26,000. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of The PNC Financial Services Group by 350.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of The PNC Financial Services Group in the 3rd quarter worth about $29,000. 83.53% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PNC. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Wells Fargo & Company raised their price objective on shares of 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. 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. Odeon Capital Group upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 price objective for the company in a research note on Thursday, December 14th. Finally, HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $154.62.
Read Our Latest Stock Report on PNC
The PNC Financial Services Group Stock Performance
Shares of NYSE PNC opened at $157.37 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. The company has a market cap of $62.60 billion, a PE ratio of 12.30, a PEG ratio of 1.80 and a beta of 1.18. The firm’s 50-day moving average price is $151.21 and its 200-day moving average price is $140.06. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 earnings per share. As a group, analysts anticipate that The PNC Financial Services Group, Inc. will post 12.46 EPS for the current year.
The PNC Financial Services Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group’s payout ratio is 48.48%.
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.
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Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report).
Receive News & Ratings for The PNC Financial Services Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The PNC Financial Services Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
Allworth Financial LP grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,659 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. Allworth Financial LP’s holdings in The PNC Financial Services Group were worth $1,341,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group in the 3rd quarter worth about $25,000. BKM Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth about $26,000. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC increased its stake in shares of The PNC Financial Services Group by 350.0% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of The PNC Financial Services Group in the 3rd quarter worth about $29,000. 83.53% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on PNC. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Wells Fargo & Company raised their price objective on shares of 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. 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. Odeon Capital Group upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 price objective for the company in a research note on Thursday, December 14th. Finally, HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $154.62.
Read Our Latest Stock Report on PNC
The PNC Financial Services Group Stock Performance
Shares of NYSE PNC opened at $157.37 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42. The company has a market cap of $62.60 billion, a PE ratio of 12.30, a PEG ratio of 1.80 and a beta of 1.18. The firm’s 50-day moving average price is $151.21 and its 200-day moving average price is $140.06. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The company had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.49 earnings per share. As a group, analysts anticipate that The PNC Financial Services Group, Inc. will post 12.46 EPS for the current year.
The PNC Financial Services Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group’s payout ratio is 48.48%.
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.
Recommended Stories
Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report).
Receive News & Ratings for The PNC Financial Services Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for The PNC Financial Services Group and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: defenseworld.net
