The PNC Financial Services Group, Inc $PNC Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,929 shares of the financial services provider’s stock after acquiring an additional 10,645 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of The PNC Financial Services Group worth $65,300,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PNC. Florida Trust Wealth Management Co lifted its position in shares of The PNC Financial Services Group by 4.1% during the 3rd quarter. Florida Trust Wealth Management Co now owns 19,234 shares of the financial services provider’s stock worth $3,865,000 after buying an additional 755 shares during the last quarter. Beacon Financial Advisory LLC raised its stake in The PNC Financial Services Group by 17.7% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,852 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 429 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of The PNC Financial Services Group by 3.2% during the third quarter. Maryland State Retirement & Pension System now owns 19,813 shares of the financial services provider’s stock worth $3,981,000 after purchasing an additional 608 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 7.1% in the third quarter. Sequoia Financial Advisors LLC now owns 17,603 shares of the financial services provider’s stock valued at $3,537,000 after acquiring an additional 1,171 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of The PNC Financial Services Group by 1.5% in the 3rd quarter. QRG Capital Management Inc. now owns 44,390 shares of the financial services provider’s stock valued at $8,919,000 after buying an additional 663 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Down 0.9%

Shares of PNC traded down $1.99 during midday trading on Tuesday, hitting $221.19. The company had a trading volume of 349,799 shares, compared to its average volume of 2,630,787. The stock has a market cap of $86.74 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.95 and a beta of 0.99. The company’s 50 day moving average price is $203.44 and its 200 day moving average price is $197.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $227.00.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The PNC Financial Services Group had a return on equity of 11.87% and a net margin of 20.40%.The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $5.90 billion. During the same period last year, the firm earned $3.77 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, January 20th. The PNC Financial Services Group’s payout ratio is currently 40.99%.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Guild Deborah sold 1,080 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $186.97, for a total transaction of $201,927.60. Following the completion of the sale, the executive vice president owned 27,335 shares in the company, valued at $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Duane Thomas sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total transaction of $183,570.00. Following the completion of the transaction, the executive vice president directly owned 5,802 shares in the company, valued at $1,065,073.14. This represents a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

PNC has been the subject of several research analyst reports. Barclays raised their price objective on The PNC Financial Services Group from $235.00 to $271.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Evercore ISI increased their price objective on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Cfra Research raised The PNC Financial Services Group to a “moderate buy” rating in a research report on Thursday, October 16th. Weiss Ratings reissued a “buy (b)” rating on shares of The PNC Financial Services Group in a research note on Monday, December 22nd. Finally, UBS Group increased their target price on The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $223.11.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.