Bleakley Financial Group LLC Purchases 308 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Bleakley Financial Group LLC lifted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,164 shares of the financial services provider’s stock after purchasing an additional 308 shares during the period. Bleakley Financial Group LLC’s holdings in The PNC Financial Services Group were worth $2,038,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in The PNC Financial Services Group during the third quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in The PNC Financial Services Group during the fourth quarter worth about $26,000. Fortitude Family Office LLC purchased a new stake in The PNC Financial Services Group during the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in The PNC Financial Services Group by 350.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in The PNC Financial Services Group during the third quarter worth about $29,000. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $155.10 on Thursday. The company has a 50 day moving average of $151.58 and a 200 day moving average of $140.73. The stock has a market cap of $61.70 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.85 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, beating the consensus estimate of $2.12 by $1.04. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations 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 PNC Financial Services Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.49 earnings per share. As a group, sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 12.46 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 4.00%. The PNC Financial Services Group’s payout ratio is presently 48.48%.

Wall Street Analyst Weigh In

PNC has been the subject of a number of research analyst reports. HSBC upgraded shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Evercore ISI lifted their target price 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 lifted their target price on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of The PNC Financial Services Group from $145.00 to $152.00 and gave the stock an “underperform” rating in a research note on Friday, April 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.76.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group 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.