Thompson Siegel & Walmsley LLC Acquires 1,000 Shares of PNC Financial Services (PNC)

Thompson Siegel & Walmsley LLC boosted its holdings in shares of PNC Financial Services (NYSE:PNC) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,038 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in PNC Financial Services were worth $2,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its stake in PNC Financial Services by 1.5% during the 4th quarter. BlackRock Inc. now owns 28,181,864 shares of the financial services provider’s stock valued at $4,066,361,000 after purchasing an additional 402,904 shares in the last quarter. Geode Capital Management LLC increased its stake in PNC Financial Services by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,847,813 shares of the financial services provider’s stock valued at $697,972,000 after purchasing an additional 113,304 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in PNC Financial Services by 2.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 2,986,575 shares of the financial services provider’s stock valued at $430,933,000 after purchasing an additional 69,511 shares in the last quarter. Jennison Associates LLC increased its stake in PNC Financial Services by 12.7% during the 4th quarter. Jennison Associates LLC now owns 2,107,272 shares of the financial services provider’s stock valued at $304,058,000 after purchasing an additional 237,501 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in PNC Financial Services by 3.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,936,679 shares of the financial services provider’s stock valued at $292,904,000 after purchasing an additional 58,575 shares in the last quarter. 82.86% of the stock is owned by institutional investors.

Shares of PNC stock opened at $148.76 on Friday. PNC Financial Services has a 52 week low of $116.63 and a 52 week high of $163.59. The company has a market capitalization of $70.73 billion, a PE ratio of 16.78, a P/E/G ratio of 1.42 and a beta of 0.91. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.93 and a quick ratio of 0.92.

PNC Financial Services (NYSE:PNC) last announced its quarterly earnings results on Friday, April 13th. The financial services provider reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.01. PNC Financial Services 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 analyst estimates of $4.14 billion. During the same period in the previous year, the business posted $1.96 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. equities research analysts anticipate that PNC Financial Services will post 10.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, May 5th. Investors of record on Monday, April 16th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Friday, April 13th. This represents a $3.00 annualized dividend and a yield of 2.02%. PNC Financial Services’s dividend payout ratio (DPR) is 35.29%.

PNC has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of PNC Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Bank of America raised their price objective on shares of PNC Financial Services from $166.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Susquehanna Bancshares set a $147.00 price objective on shares of PNC Financial Services and gave the company a “hold” rating in a research note on Tuesday, April 10th. BMO Capital Markets restated a “buy” rating on shares of PNC Financial Services in a research note on Thursday, January 25th. Finally, Morgan Stanley raised their price objective on shares of PNC Financial Services from $165.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. Nineteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $149.36.

PNC Financial Services Company Profile

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 (NYSE:PNC)

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