5,577 Shares in PNC Financial Services Group Inc (PNC) Acquired by Planning Directions Inc.

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Planning Directions Inc. bought a new stake in shares of PNC Financial Services Group Inc (NYSE:PNC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,577 shares of the financial services provider’s stock, valued at approximately $843,000. PNC Financial Services Group comprises approximately 0.8% of Planning Directions Inc.’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors also recently modified their holdings of the business. Smith Salley & Associates increased its stake in shares of PNC Financial Services Group by 1.6% in the first quarter. Smith Salley & Associates now owns 77,817 shares of the financial services provider’s stock worth $11,769,000 after acquiring an additional 1,217 shares during the period. IFP Advisors Inc grew its position in PNC Financial Services Group by 7.1% during the first quarter. IFP Advisors Inc now owns 12,870 shares of the financial services provider’s stock valued at $1,947,000 after buying an additional 851 shares during the period. Candriam Luxembourg S.C.A. grew its position in PNC Financial Services Group by 8.4% during the first quarter. Candriam Luxembourg S.C.A. now owns 44,095 shares of the financial services provider’s stock valued at $6,669,000 after buying an additional 3,410 shares during the period. Oppenheimer Asset Management Inc. grew its position in PNC Financial Services Group by 65.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,856 shares of the financial services provider’s stock valued at $2,096,000 after buying an additional 5,475 shares during the period. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in PNC Financial Services Group during the first quarter valued at $1,117,000. Institutional investors and hedge funds own 81.09% of the company’s stock.

PNC has been the topic of several analyst reports. Zacks Investment Research lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Bank of America increased their price objective on shares of PNC Financial Services Group from $160.00 to $166.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Finally, Susquehanna Bancshares set a $147.00 price objective on shares of PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday, April 10th. Nineteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. PNC Financial Services Group presently has an average rating of “Hold” and a consensus target price of $149.36.

Shares of NYSE:PNC traded down $3.76 during trading on Thursday, hitting $141.84. 3,539,599 shares of the company were exchanged, compared to its average volume of 2,240,717. PNC Financial Services Group Inc has a 12-month low of $118.89 and a 12-month high of $163.59. The company has a market capitalization of $69.03 billion, a PE ratio of 16.69, a P/E/G ratio of 1.38 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.14.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.43 EPS for the quarter, beating the consensus estimate of $2.42 by $0.01. PNC Financial Services Group had a net margin of 29.85% and a return on equity of 9.82%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.14 billion. During the same quarter in the prior year, the firm earned $1.96 EPS. PNC Financial Services Group’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts predict that PNC Financial Services Group Inc will post 10.54 EPS for the current fiscal year.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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