Barlow Wealth Partners Inc. Buys 233 Shares of The PNC Financial Services Group, Inc (NYSE:PNC)

Barlow Wealth Partners Inc. increased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,342 shares of the financial services provider’s stock after acquiring an additional 233 shares during the period. Barlow Wealth Partners Inc.’s holdings in The PNC Financial Services Group were worth $1,818,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock valued at $779,000 after buying an additional 984 shares during the period. Fisher Asset Management LLC grew its position in shares of The PNC Financial Services Group by 4.0% during the 4th quarter. Fisher Asset Management LLC now owns 3,737 shares of the financial services provider’s stock valued at $721,000 after purchasing an additional 143 shares in the last quarter. Jones Financial Companies Lllp raised its position in The PNC Financial Services Group by 30.5% in the 4th quarter. Jones Financial Companies Lllp now owns 27,887 shares of the financial services provider’s stock worth $5,378,000 after purchasing an additional 6,514 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $191,000. Finally, Meridian Wealth Management LLC grew its holdings in shares of The PNC Financial Services Group by 1.5% during the fourth quarter. Meridian Wealth Management LLC now owns 5,885 shares of the financial services provider’s stock valued at $1,135,000 after buying an additional 89 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Trading Up 1.7%

NYSE PNC opened at $195.70 on Thursday. The company has a fifty day moving average of $174.39 and a 200 day moving average of $180.13. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.81. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a market capitalization of $77.41 billion, a PE ratio of 13.82, a P/E/G ratio of 1.62 and a beta of 1.07.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, beating the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. The company had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.50 billion. Research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley dropped their target price on The PNC Financial Services Group from $179.00 to $178.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. HSBC upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and dropped their price target for the stock from $206.00 to $202.00 in a research note on Monday, March 31st. The Goldman Sachs Group lifted their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays reduced their target price on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.00.

Insider Buying and Selling

In other news, Director Martin Pfinsgraff purchased 1,000 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $158.22 per share, for a total transaction of $158,220.00. Following the completion of the acquisition, the director directly owned 2,009 shares of the company’s stock, valued at $317,863.98. The trade was a 99.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $169.75, for a total transaction of $210,829.50. Following the completion of the transaction, the chief executive officer directly owned 554,879 shares in the company, valued at approximately $94,190,710.25. This represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,428 shares of company stock worth $1,882,322. 0.41% of the stock is owned by 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.