Consolidated Portfolio Review Corp Sells 445 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Consolidated Portfolio Review Corp trimmed its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,486 shares of the financial services provider’s stock after selling 445 shares during the period. Consolidated Portfolio Review Corp’s holdings in The PNC Financial Services Group were worth $230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new stake in shares of The PNC Financial Services Group in the third quarter worth $25,000. BKM Wealth Management LLC acquired a new position in The PNC Financial Services Group during the 4th quarter worth $26,000. Tennessee Valley Asset Management Partners acquired a new position in The PNC Financial Services Group during the 4th quarter worth $26,000. Fortitude Family Office LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its position in shares of The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated 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 transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group Stock Down 2.2 %

Shares of PNC opened at $150.63 on Monday. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The stock has a market cap of $59.92 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.73 and a beta of 1.18. The company has a 50-day moving average price of $151.80 and a two-hundred day moving average price of $141.29. 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:PNC) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, topping the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter last year, the company earned $3.49 EPS. The PNC Financial Services Group’s revenue was down 7.0% on a year-over-year basis. Equities analysts predict that The PNC Financial Services Group, Inc. will post 12.42 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 4.12%. The PNC Financial Services Group’s dividend payout ratio is presently 48.48%.

Analysts Set New Price Targets

Several research firms recently weighed in on PNC. Wells Fargo & Company boosted their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group upped their price target on 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. UBS Group raised their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. Keefe, Bruyette & Woods boosted 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 report on Friday, April 5th. Finally, Jefferies Financial Group increased their price target on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the company a “hold” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group presently has an average rating of “Hold” and an average target price of $157.10.

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.