The PNC Financial Services Group, Inc $PNC Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lifted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 95.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,532 shares of the financial services provider’s stock after buying an additional 4,177 shares during the quarter. Soltis Investment Advisors LLC’s holdings in The PNC Financial Services Group were worth $1,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Founders Financial Securities LLC lifted its position in The PNC Financial Services Group by 31.3% during the third quarter. Founders Financial Securities LLC now owns 24,797 shares of the financial services provider’s stock worth $5,511,000 after acquiring an additional 5,909 shares during the last quarter. Everett Harris & Co. CA boosted its holdings in shares of The PNC Financial Services Group by 3.3% during the third quarter. Everett Harris & Co. CA now owns 1,535 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 49 shares during the period. Choreo LLC boosted its holdings in shares of The PNC Financial Services Group by 2.5% during the third quarter. Choreo LLC now owns 18,866 shares of the financial services provider’s stock worth $4,193,000 after acquiring an additional 457 shares during the period. Livelsberger Financial Advisory acquired a new position in shares of The PNC Financial Services Group in the third quarter valued at approximately $148,000. Finally, Childress Capital Advisors LLC grew its position in shares of The PNC Financial Services Group by 5.7% in the third quarter. Childress Capital Advisors LLC now owns 1,776 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Evercore lowered their target price on The PNC Financial Services Group from $265.00 to $260.00 and set an “outperform” rating on the stock in a research note on Monday, October 19th. Stephens reduced their price target on The PNC Financial Services Group from $265.00 to $250.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Morgan Stanley decreased their price objective on The PNC Financial Services Group from $278.00 to $273.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Keefe, Bruyette & Woods lowered their price objective on The PNC Financial Services Group from $260.00 to $250.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Finally, Royal Bank Of Canada dropped their target price on The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Seventeen analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $266.17.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the completion of the transaction, the executive vice president directly owned 18,800 shares of the company’s stock, valued at $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.38% of the stock is owned by corporate insiders.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $227.88 on Friday. The firm has a 50-day moving average price of $230.03 and a two-hundred day moving average price of $228.88. The PNC Financial Services Group, Inc has a 12-month low of $177.08 and a 12-month high of $258.96. The company has a market capitalization of $90.91 billion, a P/E ratio of 12.11, a P/E/G ratio of 1.20 and a beta of 0.94. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 1.23.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, topping the consensus estimate of $4.91 by $0.18. The PNC Financial Services Group had a net margin of 21.83% and a return on equity of 12.82%. The company had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period last year, the firm earned $4.35 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Analysts anticipate that The PNC Financial Services Group, Inc will post 19.22 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Shareholders of record on Wednesday, October 14th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 42.58%.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.