1,365 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Bought by Nadler Financial Group Inc.

Nadler Financial Group Inc. purchased a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,365 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors have also added to or reduced their stakes in PNC. Bailard Inc. lifted its holdings in The PNC Financial Services Group by 1.0% in the 4th quarter. Bailard Inc. now owns 50,362 shares of the financial services provider’s stock worth $7,798,000 after buying an additional 508 shares during the period. Community Bank N.A. boosted its holdings in The PNC Financial Services Group by 3.7% in the fourth quarter. Community Bank N.A. now owns 12,230 shares of the financial services provider’s stock valued at $1,894,000 after acquiring an additional 435 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in The PNC Financial Services Group by 7.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,348 shares of the financial services provider’s stock worth $1,448,000 after purchasing an additional 620 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in shares of The PNC Financial Services Group by 143.3% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,496 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 881 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $266,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PNC. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. Morgan Stanley upped their price target on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. StockNews.com lowered The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and upped their target price for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group lifted their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $156.63.

Insider Activity

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction that occurred on 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 owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Up 0.6 %

Shares of PNC traded up $0.99 on Friday, hitting $157.29. 240,686 shares of the stock traded hands, compared to its average volume of 2,103,147. The company has a market capitalization of $62.57 billion, a PE ratio of 13.12, a P/E/G ratio of 1.79 and a beta of 1.18. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day simple moving average of $152.61 and a 200 day simple moving average of $142.97.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.98 EPS. As a group, equities analysts forecast that The PNC Financial Services Group, Inc. will post 12.62 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 3.94%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

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.