The PNC Financial Services Group, Inc $PNC Shares Sold by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC lessened its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 32.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 87,940 shares of the financial services provider’s stock after selling 42,000 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in The PNC Financial Services Group were worth $18,356,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth $25,000. Modus Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $32,000. EFG International AG acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $33,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $35,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Down 0.7%

The PNC Financial Services Group stock opened at $232.99 on Thursday. The stock has a market cap of $93.56 billion, a PE ratio of 13.54, a P/E/G ratio of 0.98 and a beta of 0.92. The stock has a 50-day moving average price of $222.07 and a 200 day moving average price of $217.15. The PNC Financial Services Group, Inc has a 52 week low of $172.89 and a 52 week high of $243.94. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $0.40. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.21 billion. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.51 EPS. Equities research analysts predict that The PNC Financial Services Group, Inc will post 18.79 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 5th. Investors of record on Tuesday, April 14th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Tuesday, April 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 39.51%.

Analyst Ratings Changes

PNC has been the subject of several research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $235.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, April 15th. Oppenheimer lifted their price target on The PNC Financial Services Group from $263.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Bank of America lifted their price target on The PNC Financial Services Group from $260.00 to $264.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Jefferies Financial Group assumed coverage on The PNC Financial Services Group in a research report on Thursday, March 26th. They set a “buy” rating and a $250.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on The PNC Financial Services Group from $237.50 to $238.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $246.72.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Michael Duane Thomas sold 1,500 shares of The PNC Financial Services Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $238.14, for a total value of $357,210.00. Following the completion of the sale, the executive vice president owned 5,059 shares in the company, valued at $1,204,750.26. The trade was a 22.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew T. Feldstein sold 45,000 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $220.57, for a total value of $9,925,650.00. Following the completion of the sale, the director owned 10,749 shares of the company’s stock, valued at $2,370,906.93. This trade represents a 80.72% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 48,300 shares of company stock worth $10,694,574. 0.38% of the stock is owned by corporate insiders.

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.