Personal Capital Advisors Corp Buys Shares of 1,965 PNC Financial Services Group Inc (PNC)

Personal Capital Advisors Corp bought a new stake in shares of PNC Financial Services Group Inc (NYSE:PNC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,965 shares of the financial services provider’s stock, valued at approximately $284,000.

Other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of PNC Financial Services Group by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 91 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of PNC Financial Services Group during the second quarter valued at about $129,000. Legacy Advisors LLC acquired a new stake in shares of PNC Financial Services Group during the third quarter valued at about $136,000. Capital Guardian Trust Co. acquired a new stake in shares of PNC Financial Services Group during the third quarter valued at about $154,000. Finally, Zions Bancorporation grew its stake in shares of PNC Financial Services Group by 3,170.0% during the third quarter. Zions Bancorporation now owns 1,308 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 1,268 shares in the last quarter. Institutional investors own 82.06% of the company’s stock.

PNC Financial Services Group Inc (NYSE:PNC) opened at $155.25 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24. PNC Financial Services Group Inc has a 52 week low of $115.25 and a 52 week high of $156.15. The company has a market capitalization of $73,433.25, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The company had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the firm posted $1.97 earnings per share. PNC Financial Services Group’s quarterly revenue was up 10.0% compared to the same quarter last year. equities research analysts predict that PNC Financial Services Group Inc will post 10.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a yield of 1.93%. PNC Financial Services Group’s payout ratio is currently 28.85%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of PNC Financial Services Group stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares in the company, valued at $9,070,044. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $136.98, for a total value of $429,432.30. Following the completion of the transaction, the insider now owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,534 shares of company stock valued at $15,952,465. 0.43% of the stock is currently owned by insiders.

PNC has been the subject of several recent analyst reports. Wells Fargo & Co set a $135.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a research note on Thursday, October 19th. Sanford C. Bernstein restated a “market perform” rating and set a $134.00 target price on shares of PNC Financial Services Group in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $162.00 price target on shares of PNC Financial Services Group in a research note on Friday, December 22nd. Citigroup reiterated a “neutral” rating and issued a $144.00 price target (up from $125.00) on shares of PNC Financial Services Group in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, December 26th. Eighteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. PNC Financial Services Group has an average rating of “Hold” and a consensus target price of $144.02.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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