Colonial Trust Advisors Buys 19,278 Shares of PNC Financial Services Group Inc (PNC)

Colonial Trust Advisors lifted its stake in PNC Financial Services Group Inc (NYSE:PNC) by 43.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,440 shares of the financial services provider’s stock after buying an additional 19,278 shares during the quarter. PNC Financial Services Group makes up 1.4% of Colonial Trust Advisors’ holdings, making the stock its 23rd largest position. Colonial Trust Advisors’ holdings in PNC Financial Services Group were worth $9,154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Harbour Capital Advisors LLC boosted its stake in shares of PNC Financial Services Group by 4.9% in the fourth quarter. Harbour Capital Advisors LLC now owns 6,833 shares of the financial services provider’s stock worth $986,000 after buying an additional 320 shares during the last quarter. First Commonwealth Financial Corp PA boosted its stake in shares of PNC Financial Services Group by 2.2% in the fourth quarter. First Commonwealth Financial Corp PA now owns 15,417 shares of the financial services provider’s stock worth $2,225,000 after buying an additional 330 shares during the last quarter. Global X Management Co. LLC boosted its stake in shares of PNC Financial Services Group by 3.8% in the fourth quarter. Global X Management Co. LLC now owns 9,939 shares of the financial services provider’s stock worth $1,434,000 after buying an additional 362 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of PNC Financial Services Group by 22.0% in the fourth quarter. Brighton Jones LLC now owns 2,083 shares of the financial services provider’s stock worth $301,000 after buying an additional 375 shares during the last quarter. Finally, FineMark National Bank & Trust boosted its stake in shares of PNC Financial Services Group by 6.8% in the fourth quarter. FineMark National Bank & Trust now owns 5,904 shares of the financial services provider’s stock worth $852,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.

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In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total transaction of $1,235,296.20. Following the completion of the transaction, the insider now owns 58,820 shares of the company’s stock, valued at $9,070,044. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by corporate insiders.

A number of analysts have recently commented on PNC shares. Piper Jaffray Companies restated a “buy” rating and issued a $151.00 target price on shares of PNC Financial Services Group in a research note on Monday, December 4th. Wells Fargo set a $149.00 price target on PNC Financial Services Group and gave the stock a “hold” rating in a report on Wednesday, December 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $162.00 price target on shares of PNC Financial Services Group in a report on Friday, December 22nd. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a report on Tuesday, December 26th. Finally, Barclays upped their price target on PNC Financial Services Group from $139.00 to $168.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Nineteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $146.89.

PNC Financial Services Group stock opened at $158.89 on Thursday. PNC Financial Services Group Inc has a fifty-two week low of $115.25 and a fifty-two week high of $163.59. The company has a market capitalization of $75,185.66, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.14.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.51% and a net margin of 29.60%. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm earned $1.97 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. equities research analysts expect that PNC Financial Services Group Inc will post 10.51 EPS for the current fiscal year.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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