The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC reduced its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,244 shares of the financial services provider’s stock after selling 110 shares during the period. Wealth Advisory Solutions LLC’s holdings in The PNC Financial Services Group were worth $240,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in The PNC Financial Services Group by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 922,000 shares of the financial services provider’s stock worth $177,808,000 after buying an additional 45,766 shares in the last quarter. AMJ Financial Wealth Management acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter worth $5,964,000. Commerzbank Aktiengesellschaft FI raised its holdings in shares of The PNC Financial Services Group by 28.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,783 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 1,272 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of The PNC Financial Services Group by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,480,024 shares of the financial services provider’s stock valued at $478,273,000 after acquiring an additional 39,926 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of The PNC Financial Services Group by 40.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,674 shares of the financial services provider’s stock valued at $3,023,000 after acquiring an additional 4,515 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $203.06, for a total value of $252,200.52. Following the completion of the transaction, the chief executive officer now owns 531,281 shares in the company, valued at approximately $107,881,919.86. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 13,662 shares of company stock worth $2,681,664 in the last quarter. 0.42% of the stock is owned by company insiders.

The PNC Financial Services Group Stock Down 4.9 %

Shares of PNC opened at $180.27 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $71.34 billion, a PE ratio of 13.11, a P/E/G ratio of 1.55 and a beta of 1.13. The company’s 50-day simple moving average is $195.06 and its 200-day simple moving average is $192.83. The PNC Financial Services Group, Inc. has a 1 year low of $143.52 and a 1 year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.16 EPS. Analysts forecast that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.55%. The PNC Financial Services Group’s payout ratio is 46.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley lifted their target price on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Citigroup raised their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Wells Fargo & Company upped their price objective on The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group raised their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Compass Point lifted their target price on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $205.00.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.