LSV Asset Management Has $4.32 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

LSV Asset Management increased its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,900 shares of the financial services provider’s stock after purchasing an additional 2,100 shares during the quarter. LSV Asset Management’s holdings in The PNC Financial Services Group were worth $4,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNC. Merit Financial Group LLC raised its stake in shares of The PNC Financial Services Group by 63.4% during the fourth quarter. Merit Financial Group LLC now owns 4,488 shares of the financial services provider’s stock worth $695,000 after buying an additional 1,742 shares during the last quarter. Bare Financial Services Inc acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at $854,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of The PNC Financial Services Group by 66.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 18,552 shares of the financial services provider’s stock worth $2,872,000 after purchasing an additional 7,435 shares during the last quarter. Westover Capital Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth $205,000. Finally, Natixis Advisors L.P. lifted its stake in The PNC Financial Services Group by 19.3% in the fourth quarter. Natixis Advisors L.P. now owns 303,386 shares of the financial services provider’s stock valued at $46,978,000 after buying an additional 49,086 shares during the period. 83.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated an “underperform” rating and set a $152.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, April 17th. StockNews.com downgraded shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Jefferies Financial Group reduced their price target on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Evercore ISI lowered their price objective on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company lifted their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.02.

The PNC Financial Services Group Price Performance

NYSE:PNC opened at $157.24 on Thursday. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. The stock’s 50 day moving average price is $154.02 and its two-hundred day moving average price is $145.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market capitalization of $62.55 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.77 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business earned $3.98 earnings per share. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts anticipate that The PNC Financial Services Group, Inc. will post 12.64 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Shareholders of record on Monday, April 15th were given a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.94%. The PNC Financial Services Group’s payout ratio is presently 52.06%.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other The PNC Financial Services Group news, EVP Richard Kevin Bynum sold 850 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total transaction of $132,489.50. Following the completion of the sale, the executive vice president now directly owns 3,502 shares in the company, valued at $545,856.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The disclosure for this sale can be found here. 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.