WBI Investments LLC Has $502,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

WBI Investments LLC lowered its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,239 shares of the financial services provider’s stock after selling 236 shares during the quarter. WBI Investments LLC’s holdings in The PNC Financial Services Group were worth $502,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Steph & Co. raised its stake in The PNC Financial Services Group by 1.8% during the 4th quarter. Steph & Co. now owns 3,720 shares of the financial services provider’s stock worth $576,000 after buying an additional 67 shares during the period. Bangor Savings Bank increased its holdings in shares of The PNC Financial Services Group by 1.2% during the fourth quarter. Bangor Savings Bank now owns 5,737 shares of the financial services provider’s stock valued at $888,000 after acquiring an additional 69 shares in the last quarter. Oakworth Capital Inc. raised its position in shares of The PNC Financial Services Group by 11.7% during the fourth quarter. Oakworth Capital Inc. now owns 715 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 75 shares during the period. Caprock Group LLC lifted its holdings in shares of The PNC Financial Services Group by 0.9% in the 4th quarter. Caprock Group LLC now owns 8,574 shares of the financial services provider’s stock worth $1,328,000 after purchasing an additional 79 shares in the last quarter. Finally, RMR Wealth Builders grew its position in The PNC Financial Services Group by 1.2% in the 4th quarter. RMR Wealth Builders now owns 6,561 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 79 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Richard Kevin Bynum sold 850 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total transaction of $132,489.50. Following the sale, the executive vice president now owns 3,502 shares in the company, valued at $545,856.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock traded down $1.59 during trading on Thursday, hitting $154.91. The stock had a trading volume of 324,814 shares, compared to its average volume of 1,944,301. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock’s 50 day moving average is $155.76 and its two-hundred day moving average is $148.59. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $162.24. The stock has a market cap of $61.64 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 3.06 and a beta of 1.16.

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

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Monday, April 15th were paid a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Friday, April 12th. The PNC Financial Services Group’s payout ratio is currently 52.06%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PNC shares. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. The Goldman Sachs Group boosted their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. Evercore ISI cut their target price on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Finally, Bank of America increased their price target on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.02.

The PNC Financial Services Group Profile

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.