The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co decreased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,193 shares of the financial services provider’s stock after selling 1,208 shares during the quarter. CENTRAL TRUST Co’s holdings in The PNC Financial Services Group were worth $2,439,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sunbelt Securities Inc. boosted its stake in The PNC Financial Services Group by 2.9% during the first quarter. Sunbelt Securities Inc. now owns 3,649 shares of the financial services provider’s stock worth $590,000 after buying an additional 103 shares during the period. Brookstone Capital Management boosted its position in shares of The PNC Financial Services Group by 4.3% during the 1st quarter. Brookstone Capital Management now owns 12,650 shares of the financial services provider’s stock worth $2,044,000 after purchasing an additional 519 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in The PNC Financial Services Group by 1.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 4,972 shares of the financial services provider’s stock valued at $804,000 after purchasing an additional 74 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in The PNC Financial Services Group by 124.2% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,137 shares of the financial services provider’s stock valued at $830,000 after purchasing an additional 2,846 shares during the period. Finally, Kathmere Capital Management LLC lifted its stake in The PNC Financial Services Group by 27.6% during the first quarter. Kathmere Capital Management LLC now owns 5,420 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 1,172 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Buying and Selling

In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the transaction, the director now owns 915 shares in the company, valued at $170,299.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the sale, the director now owns 915 shares in the company, valued at approximately $170,299.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $170.11, for a total transaction of $211,276.62. Following the transaction, the chief executive officer now owns 558,427 shares in the company, valued at approximately $94,994,016.97. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,279 shares of company stock worth $4,395,540 in the last ninety days. 0.42% of the stock is owned by corporate insiders.

The PNC Financial Services Group Trading Up 0.4 %

NYSE:PNC opened at $188.94 on Friday. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $196.64. The stock has a market cap of $75.18 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.98 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day simple moving average of $181.96 and a 200-day simple moving average of $167.82.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.60 earnings per share. As a group, analysts anticipate that The PNC Financial Services Group, Inc. will post 13.34 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 53.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price objective on The PNC Financial Services Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Stephens boosted their price target on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Bank of America raised shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $185.00 to $200.00 in a research report on Thursday, August 15th. Jefferies Financial Group upped their target price on shares of The PNC Financial Services Group from $162.00 to $164.00 and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada raised their price target on shares of The PNC Financial Services Group from $155.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $185.71.

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.