The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,649 shares of the financial services provider’s stock after purchasing an additional 103 shares during the period. Sunbelt Securities Inc.’s holdings in The PNC Financial Services Group were worth $590,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PNC. Mather Group LLC. boosted its stake in shares of The PNC Financial Services Group by 63.9% in the third quarter. Mather Group LLC. now owns 4,652 shares of the financial services provider’s stock worth $571,000 after acquiring an additional 1,813 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of The PNC Financial Services Group by 88.6% in the third quarter. Tower Research Capital LLC TRC now owns 14,217 shares of the financial services provider’s stock worth $1,745,000 after acquiring an additional 6,678 shares during the last quarter. Morningstar Investment Services LLC boosted its stake in shares of The PNC Financial Services Group by 40.2% in the third quarter. Morningstar Investment Services LLC now owns 2,266 shares of the financial services provider’s stock worth $278,000 after acquiring an additional 650 shares during the last quarter. Cape Cod Five Cents Savings Bank acquired a new stake in shares of The PNC Financial Services Group in the third quarter worth approximately $278,000. Finally, CWA Asset Management Group LLC boosted its stake in shares of The PNC Financial Services Group by 25.8% in the third quarter. CWA Asset Management Group LLC now owns 2,563 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 526 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

NYSE:PNC opened at $151.74 on Thursday. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $162.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The company has a market capitalization of $60.38 billion, a P/E ratio of 12.74, a P/E/G ratio of 2.17 and a beta of 1.16. The stock’s fifty day moving average is $154.95 and its two-hundred day moving average is $152.74.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the business earned $3.98 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts expect that The PNC Financial Services Group, Inc. will post 12.63 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Shareholders of record on Monday, April 15th were given a $1.55 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a yield of 4.09%. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Analyst Ratings Changes

PNC has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Evercore ISI lifted their price objective on The PNC Financial Services Group from $180.00 to $184.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Jefferies Financial Group reduced their price objective on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company lifted their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.43.

Insider Activity at The PNC Financial Services Group

In related news, EVP Richard Kevin Bynum sold 850 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total value of $132,489.50. Following the sale, the executive vice president now owns 3,502 shares in the company, valued at approximately $545,856.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO William S. Demchak sold 641 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $153.19, for a total value of $98,194.79. Following the sale, the chief executive officer now owns 568,323 shares in the company, valued at approximately $87,061,400.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Kevin Bynum sold 850 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total value of $132,489.50. Following the completion of the sale, the executive vice president now owns 3,502 shares in the company, valued at approximately $545,856.74. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

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.