Kingswood Wealth Advisors LLC Has $455,000 Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Kingswood Wealth Advisors LLC lessened its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 25.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,939 shares of the financial services provider’s stock after selling 1,008 shares during the period. Kingswood Wealth Advisors LLC’s holdings in The PNC Financial Services Group were worth $455,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL grew its holdings in shares of The PNC Financial Services Group by 0.5% in the 1st quarter. Blair William & Co. IL now owns 16,997 shares of the financial services provider’s stock valued at $3,135,000 after buying an additional 89 shares during the period. Cetera Investment Advisers grew its holdings in shares of The PNC Financial Services Group by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 16,141 shares of the financial services provider’s stock valued at $2,977,000 after buying an additional 1,724 shares during the period. Covestor Ltd grew its holdings in shares of The PNC Financial Services Group by 68.8% in the 1st quarter. Covestor Ltd now owns 336 shares of the financial services provider’s stock valued at $62,000 after buying an additional 137 shares during the period. West Family Investments Inc. grew its holdings in shares of The PNC Financial Services Group by 9.1% in the 1st quarter. West Family Investments Inc. now owns 1,164 shares of the financial services provider’s stock valued at $215,000 after buying an additional 97 shares during the period. Finally, Ergoteles LLC grew its holdings in shares of The PNC Financial Services Group by 137.9% in the 1st quarter. Ergoteles LLC now owns 21,048 shares of the financial services provider’s stock valued at $3,882,000 after buying an additional 12,201 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analyst Ratings Changes

PNC has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and issued a $138.00 price objective on shares of The PNC Financial Services Group in a research report on Tuesday, December 5th. Morgan Stanley boosted their price objective on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group boosted their price objective on shares of The PNC Financial Services Group from $128.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, December 19th. UBS Group boosted their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Finally, Odeon Capital Group raised shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 price objective on the stock in a research report on Thursday, December 14th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $146.59.

The PNC Financial Services Group Trading Up 3.2 %

Shares of NYSE:PNC opened at $159.97 on Thursday. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $160.10. The company has a market capitalization of $63.64 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.17. The company has a 50-day simple moving average of $149.73 and a 200 day simple moving average of $138.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.30 billion. During the same period last year, the business posted $3.49 EPS. The PNC Financial Services Group’s revenue was down 7.0% on a year-over-year basis. Sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 12.4 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $6.20 annualized dividend and a yield of 3.88%. The PNC Financial Services Group’s dividend payout ratio is currently 48.48%.

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 stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

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 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.