Peddock Capital Advisors LLC Buys New Position in PNC Financial Services Group Inc (NYSE:PNC)

Peddock Capital Advisors LLC bought a new stake in shares of PNC Financial Services Group Inc (NYSE:PNC) during the 4th quarter, Holdings Channel reports. The institutional investor bought 707 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other large investors have also made changes to their positions in the stock. Advisor Partners LLC increased its position in PNC Financial Services Group by 6.8% during the 4th quarter. Advisor Partners LLC now owns 19,901 shares of the financial services provider’s stock valued at $3,066,000 after buying an additional 1,267 shares in the last quarter. Segment Wealth Management LLC purchased a new stake in PNC Financial Services Group during the 4th quarter valued at about $346,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in PNC Financial Services Group during the 4th quarter valued at about $117,000. Convergence Investment Partners LLC purchased a new stake in PNC Financial Services Group during the 4th quarter valued at about $212,000. Finally, Rothschild Investment Corp IL purchased a new stake in PNC Financial Services Group during the 4th quarter valued at about $1,069,000. 79.40% of the stock is currently owned by institutional investors.

Several research firms have weighed in on PNC. Citigroup boosted their price target on PNC Financial Services Group from $139.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co boosted their price target on PNC Financial Services Group from $134.00 to $147.00 and gave the company a “market perform” rating in a research note on Thursday, October 17th. UBS Group dropped their price target on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Odeon Capital Group began coverage on PNC Financial Services Group in a research note on Monday, November 25th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. PNC Financial Services Group presently has an average rating of “Hold” and a consensus price target of $155.35.

Shares of PNC traded down $2.28 during mid-day trading on Friday, reaching $150.43. The company had a trading volume of 131,087 shares, compared to its average volume of 1,894,896. PNC Financial Services Group Inc has a 52-week low of $118.70 and a 52-week high of $161.79. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $67.79 billion, a P/E ratio of 13.17, a PEG ratio of 1.64 and a beta of 1.15. The stock has a 50 day moving average of $157.57 and a two-hundred day moving average of $144.78.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.05. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business earned $2.75 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. On average, sell-side analysts expect that PNC Financial Services Group Inc will post 11.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th will be paid a $1.15 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.06%. PNC Financial Services Group’s payout ratio is 40.39%.

In other PNC Financial Services Group news, EVP Karen L. Larrimer sold 2,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $152.29, for a total transaction of $304,580.00. Following the transaction, the executive vice president now owns 21,172 shares in the company, valued at $3,224,283.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles E. Bunch purchased 1,000 shares of the stock in a transaction on Friday, January 17th. The shares were acquired at an average price of $153.11 per share, for a total transaction of $153,110.00. Following the transaction, the director now directly owns 4,781 shares of the company’s stock, valued at approximately $732,018.91. The disclosure for this purchase can be found here. Insiders sold 174,623 shares of company stock worth $26,594,817 in the last 90 days. Company insiders own 0.37% of the company’s stock.

PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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