Greenleaf Trust Has $1.55 Million Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Greenleaf Trust raised its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,628 shares of the financial services provider’s stock after acquiring an additional 373 shares during the period. Greenleaf Trust’s holdings in The PNC Financial Services Group were worth $1,550,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. WealthPlan Investment Management LLC acquired a new stake in shares of The PNC Financial Services Group in the third quarter valued at approximately $1,540,000. Angeles Investment Advisors LLC grew its position in The PNC Financial Services Group by 154.3% during the 3rd quarter. Angeles Investment Advisors LLC now owns 4,157 shares of the financial services provider’s stock worth $510,000 after acquiring an additional 2,522 shares during the last quarter. Wealth Alliance grew its position in The PNC Financial Services Group by 25.4% during the 3rd quarter. Wealth Alliance now owns 11,414 shares of the financial services provider’s stock worth $1,401,000 after acquiring an additional 2,311 shares during the last quarter. Wescott Financial Advisory Group LLC bought a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at about $419,000. Finally, Blair William & Co. IL grew its position in shares of The PNC Financial Services Group by 2.5% in the 3rd quarter. Blair William & Co. IL now owns 18,021 shares of the financial services provider’s stock valued at $2,212,000 after buying an additional 447 shares during the last quarter. Institutional investors own 80.14% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Guild Deborah sold 1,533 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $132.51, for a total value of $203,137.83. Following the sale, the executive vice president now directly owns 17,092 shares of the company’s stock, valued at approximately $2,264,860.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by insiders.

The PNC Financial Services Group Stock Up 0.9 %

Shares of NYSE PNC opened at $149.16 on Tuesday. The company’s 50-day simple moving average is $150.03 and its 200-day simple moving average is $132.60. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $161.77. The firm has a market cap of $59.42 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. 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 PNC Financial Services Group (NYSE:PNCGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, topping the consensus estimate of $2.12 by $1.04. The firm 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 company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the firm posted $3.49 earnings per share. Equities analysts predict that The PNC Financial Services Group, Inc. will post 12.29 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Tuesday, January 16th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, January 12th. The PNC Financial Services Group’s dividend payout ratio is currently 48.48%.

Analyst Ratings Changes

PNC has been the topic of a number of analyst reports. Odeon Capital Group upgraded The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 price target on the stock in a research report on Thursday, December 14th. Keefe, Bruyette & Woods boosted their price objective on The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, January 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 target price on shares of The PNC Financial Services Group in a report on Tuesday, October 24th. The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 19th. Finally, UBS Group raised their price objective on 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. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $146.59.

Read Our Latest Stock Report on PNC

The PNC Financial Services Group Company Profile

(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 certificates of 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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