Banque Cantonale Vaudoise Sells 2,000 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Banque Cantonale Vaudoise lessened its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 16.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,362 shares of the financial services provider’s stock after selling 2,000 shares during the period. Banque Cantonale Vaudoise’s holdings in The PNC Financial Services Group were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PNC. MUFG Securities EMEA plc bought a new stake in shares of The PNC Financial Services Group in the second quarter valued at approximately $25,000. Centerpoint Advisors LLC bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $26,000. Fiduciary Alliance LLC bought a new stake in shares of The PNC Financial Services Group in the second quarter valued at approximately $27,000. Roffman Miller Associates Inc. PA bought a new stake in shares of The PNC Financial Services Group in the second quarter valued at approximately $30,000. Finally, Chilton Capital Management LLC bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $33,000. Institutional investors own 80.14% of the company’s stock.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $126.66 on Wednesday. The company has a market capitalization of $50.45 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.07 and a beta of 1.14. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $170.27. The stock has a fifty day simple moving average of $119.50 and a 200 day simple moving average of $122.66. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.34.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, October 13th. The financial services provider reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.50. The business had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.32 billion. The PNC Financial Services Group had a return on equity of 12.91% and a net margin of 20.39%. The PNC Financial Services Group’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.78 earnings per share. Sell-side analysts expect that The PNC Financial Services Group, Inc. will post 13.86 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, November 5th. Investors of record on Tuesday, October 17th were issued a $1.55 dividend. The ex-dividend date was Monday, October 16th. This represents a $6.20 dividend on an annualized basis and a yield of 4.89%. The PNC Financial Services Group’s payout ratio is 43.03%.

Wall Street Analyst Weigh In

PNC has been the subject of several research analyst reports. Odeon Capital Group downgraded shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. Jefferies Financial Group boosted their price objective on shares of The PNC Financial Services Group from $112.00 to $127.00 in a research report on Tuesday, October 10th. HSBC initiated coverage on shares of The PNC Financial Services Group in a research report on Thursday, September 7th. They set a “reduce” rating and a $110.00 price objective for the company. StockNews.com upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Wells Fargo & Company lowered their price objective on shares of The PNC Financial Services Group from $186.00 to $176.00 in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus price target of $150.99.

About The PNC Financial Services Group

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.