Whittier Trust Co. of Nevada Inc. Purchases 4,825 Shares of The PNC Financial Services Group, Inc $PNC

Whittier Trust Co. of Nevada Inc. raised its position in The PNC Financial Services Group, Inc (NYSE:PNCFree Report) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 105,197 shares of the financial services provider’s stock after purchasing an additional 4,825 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in The PNC Financial Services Group were worth $20,877,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Horizon Corp bought a new stake in The PNC Financial Services Group in the third quarter worth about $8,360,000. Benjamin Edwards Inc. grew its position in shares of The PNC Financial Services Group by 27.2% during the 3rd quarter. Benjamin Edwards Inc. now owns 24,763 shares of the financial services provider’s stock valued at $4,977,000 after acquiring an additional 5,294 shares during the period. Charter Oak Capital Management LLC purchased a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $2,242,000. Cullen Capital Management LLC raised its holdings in shares of The PNC Financial Services Group by 3.8% in the 2nd quarter. Cullen Capital Management LLC now owns 204,875 shares of the financial services provider’s stock worth $38,193,000 after purchasing an additional 7,478 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of The PNC Financial Services Group by 115.1% in the 2nd quarter. Harbour Investments Inc. now owns 5,631 shares of the financial services provider’s stock worth $1,050,000 after purchasing an additional 3,013 shares during the period. 83.53% of the stock is owned by institutional investors.

More The PNC Financial Services Group News

Here are the key news stories impacting The PNC Financial Services Group this week:

Insider Buying and Selling

In other news, EVP Michael Duane Thomas sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total transaction of $183,570.00. Following the completion of the transaction, the executive vice president directly owned 5,802 shares in the company, valued at $1,065,073.14. The trade was a 14.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on PNC shares. Oppenheimer increased their price objective on The PNC Financial Services Group from $268.00 to $284.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Evercore ISI upped their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Barclays lifted their price objective on The PNC Financial Services Group from $235.00 to $271.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Wells Fargo & Company boosted their price objective on The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, UBS Group upped their price objective on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $231.00.

Get Our Latest Analysis on The PNC Financial Services Group

The PNC Financial Services Group Stock Down 1.2%

Shares of NYSE PNC opened at $219.40 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The company has a market cap of $86.04 billion, a P/E ratio of 13.23, a P/E/G ratio of 0.92 and a beta of 0.99. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $227.78. The business has a 50-day simple moving average of $206.41 and a two-hundred day simple moving average of $198.21.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last announced its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same period in the prior year, the firm posted $3.77 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th will be paid a $1.70 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $6.80 annualized dividend and a yield of 3.1%. The PNC Financial Services Group’s dividend payout ratio is currently 40.99%.

About The PNC Financial Services Group

(Free Report)

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.

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

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