Signaturefd LLC Has $478,000 Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Signaturefd LLC grew its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,724 shares of the financial services provider’s stock after purchasing an additional 360 shares during the quarter. Signaturefd LLC’s holdings in The PNC Financial Services Group were worth $478,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of The PNC Financial Services Group by 5.4% in the first quarter. Park Avenue Securities LLC now owns 7,183 shares of the financial services provider’s stock valued at $1,260,000 after purchasing an additional 365 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of The PNC Financial Services Group by 0.5% in the first quarter. Boston Trust Walden Corp now owns 462,475 shares of the financial services provider’s stock valued at $81,123,000 after buying an additional 2,127 shares during the period. Murphy Pohlad Asset Management LLC boosted its stake in shares of The PNC Financial Services Group by 5.1% in the first quarter. Murphy Pohlad Asset Management LLC now owns 20,520 shares of the financial services provider’s stock valued at $3,599,000 after buying an additional 1,000 shares during the period. Candriam Luxembourg S.C.A. boosted its stake in shares of The PNC Financial Services Group by 126.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 103,458 shares of the financial services provider’s stock valued at $15,416,000 after buying an additional 57,751 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of The PNC Financial Services Group by 1,057.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 39,797 shares of the financial services provider’s stock valued at $5,930,000 after buying an additional 36,358 shares during the period. 80.56% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on PNC. Deutsche Bank Aktiengesellschaft boosted their price target on The PNC Financial Services Group from $157.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, April 1st. TheStreet upgraded The PNC Financial Services Group from a “c+” rating to a “b” rating in a research note on Friday, April 16th. Raymond James upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 target price for the company in a research note on Monday. Morgan Stanley upped their target price on The PNC Financial Services Group from $182.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Finally, Jefferies Financial Group upped their target price on The PNC Financial Services Group from $169.00 to $183.00 and gave the stock a “hold” rating in a research note on Thursday, April 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $175.15.

Shares of PNC opened at $190.41 on Thursday. The stock has a market capitalization of $80.90 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 3.33 and a beta of 1.38. The PNC Financial Services Group, Inc. has a 52 week low of $93.27 and a 52 week high of $203.88. The stock has a fifty day moving average of $181.81 and a 200-day moving average of $157.51. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.88.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, April 15th. The financial services provider reported $4.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.75 by $1.35. The business had revenue of $4.22 billion during the quarter, compared to the consensus estimate of $4.10 billion. The PNC Financial Services Group had a return on equity of 5.97% and a net margin of 38.16%. The PNC Financial Services Group’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, equities analysts forecast that The PNC Financial Services Group, Inc. will post 6.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 5th. Investors of record on Friday, April 16th were issued a $1.15 dividend. The ex-dividend date was Thursday, April 15th. This represents a $4.60 dividend on an annualized basis and a yield of 2.42%. The PNC Financial Services Group’s payout ratio is 40.39%.

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. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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