Francis Financial Inc. Purchases New Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Francis Financial Inc. purchased a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,526 shares of the financial services provider’s stock, valued at approximately $391,000.

Several other large investors have also made changes to their positions in PNC. Rockline Wealth Management LLC bought a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $1,825,000. KPP Advisory Services LLC acquired a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at about $323,000. AQR Capital Management LLC increased its position in The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock valued at $14,032,000 after buying an additional 67,490 shares in the last quarter. Comerica Bank bought a new stake in The PNC Financial Services Group during the 2nd quarter worth approximately $5,594,000. Finally, Gradient Investments LLC increased its holdings in The PNC Financial Services Group by 59.9% during the 3rd quarter. Gradient Investments LLC now owns 635 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Up 1.0 %

Shares of NYSE:PNC opened at $161.63 on Friday. The stock’s 50-day moving average price is $149.96 and its 200-day moving average price is $138.25. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. The stock has a market capitalization of $64.30 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The PNC Financial Services Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.49 earnings per share. On average, equities analysts anticipate that The PNC Financial Services Group, Inc. will post 12.41 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were issued a $1.55 dividend. The ex-dividend date was Friday, January 12th. This represents a $6.20 annualized dividend and a yield of 3.84%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 48.48%.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PNC has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $138.00 price objective on shares of The PNC Financial Services Group in a report on Tuesday, December 5th. The Goldman Sachs Group boosted their price objective on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. UBS Group upped their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Wells Fargo & Company upped their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods upped their target price on The PNC Financial Services Group from $125.00 to $145.00 and gave the company an “underperform” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.87.

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 segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.