First City Capital Management Inc. Has $469,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

First City Capital Management Inc. decreased its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,537 shares of the financial services provider’s stock after selling 130 shares during the period. First City Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $469,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC boosted its stake in The PNC Financial Services Group by 113.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 18,023 shares of the financial services provider’s stock worth $3,332,000 after acquiring an additional 9,587 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of The PNC Financial Services Group by 5.1% in the 3rd quarter. Prospera Financial Services Inc now owns 64,247 shares of the financial services provider’s stock valued at $11,877,000 after buying an additional 3,099 shares in the last quarter. OneAscent Financial Services LLC bought a new position in The PNC Financial Services Group during the third quarter worth about $331,000. Caprock Group LLC increased its holdings in shares of The PNC Financial Services Group by 1.1% in the third quarter. Caprock Group LLC now owns 19,809 shares of the financial services provider’s stock worth $3,662,000 after acquiring an additional 219 shares in the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of The PNC Financial Services Group by 2.2% during the 3rd quarter. Pathstone Holdings LLC now owns 68,125 shares of the financial services provider’s stock valued at $12,593,000 after purchasing an additional 1,471 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $183.17, for a total transaction of $227,497.14. Following the completion of the sale, the chief executive officer now directly owns 554,701 shares in the company, valued at approximately $101,604,582.17. This represents a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares in the company, valued at $8,119,768.41. The trade was a 27.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,788 shares of company stock worth $5,535,978. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stephens upped their price objective on The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Wells Fargo & Company increased their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday. Evercore ISI upped their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays boosted their price target on The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, The PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $186.96.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $206.83 on Tuesday. The company has a market capitalization of $82.07 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.17 and a beta of 1.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The PNC Financial Services Group, Inc. has a 12 month low of $127.08 and a 12 month high of $214.19. The stock’s 50 day moving average is $188.73 and its 200-day moving average is $173.43.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm had revenue of $5.43 billion for the quarter, compared to analyst estimates of $5.39 billion. During the same period in the prior year, the firm posted $3.60 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts expect that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were given a dividend of $1.60 per share. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.09%. The PNC Financial Services Group’s payout ratio is presently 54.10%.

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.