13,733 Shares in The PNC Financial Services Group, Inc $PNC Purchased by Krilogy Financial LLC

Krilogy Financial LLC acquired a new stake in The PNC Financial Services Group, Inc (NYSE:PNC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 13,733 shares of the financial services provider’s stock, valued at approximately $2,529,000.

A number of other institutional investors also recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its stake in shares of The PNC Financial Services Group by 14.4% during the third quarter. Stratos Wealth Partners LTD. now owns 36,216 shares of the financial services provider’s stock valued at $7,277,000 after purchasing an additional 4,558 shares during the last quarter. Midwest Trust Co lifted its holdings in The PNC Financial Services Group by 0.8% during the 3rd quarter. Midwest Trust Co now owns 141,412 shares of the financial services provider’s stock worth $28,414,000 after buying an additional 1,106 shares in the last quarter. Edgemoor Investment Advisors Inc. bought a new position in The PNC Financial Services Group in the 3rd quarter valued at $375,000. Johnson Investment Counsel Inc. increased its stake in shares of The PNC Financial Services Group by 0.8% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 96,531 shares of the financial services provider’s stock valued at $19,396,000 after buying an additional 813 shares during the period. Finally, AlTi Global Inc. raised its position in shares of The PNC Financial Services Group by 2.5% during the third quarter. AlTi Global Inc. now owns 6,715 shares of the financial services provider’s stock worth $1,349,000 after acquiring an additional 166 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Down 1.9%

Shares of NYSE:PNC opened at $235.66 on Thursday. The company has a 50 day moving average price of $217.58 and a two-hundred day moving average price of $201.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $92.42 billion, a PE ratio of 14.21, a PEG ratio of 1.00 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 $243.94.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same quarter in the previous year, the business earned $3.77 EPS. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Shareholders of record on Tuesday, January 20th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, January 20th. The PNC Financial Services Group’s dividend payout ratio is 40.99%.

Analysts Set New Price Targets

Several research firms recently issued reports on PNC. JPMorgan Chase & Co. raised their price target on The PNC Financial Services Group from $228.50 to $251.00 and gave the company an “overweight” rating in a report on Monday. Barclays lifted their price target on shares of The PNC Financial Services Group from $235.00 to $271.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Royal Bank Of Canada increased their price objective on shares of The PNC Financial Services Group from $222.00 to $235.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Wells Fargo & Company raised their price objective on shares of 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, Oppenheimer lifted their target price on shares of The PNC Financial Services Group from $268.00 to $284.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Fifteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average price target of $234.44.

The PNC Financial Services Group Profile

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.