Quent Capital LLC Has $783,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Quent Capital LLC raised its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 4,237 shares of the financial services provider’s stock after buying an additional 164 shares during the period. Quent Capital LLC’s holdings in The PNC Financial Services Group were worth $783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank & Trust Co purchased a new position in shares of The PNC Financial Services Group during the second quarter valued at approximately $26,000. ORG Partners LLC grew its stake in shares of The PNC Financial Services Group by 203.7% in the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 110 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of The PNC Financial Services Group in the first quarter valued at about $28,000. Palisade Asset Management LLC bought a new position in shares of The PNC Financial Services Group during the first quarter valued at about $29,000. Finally, Core Wealth Advisors Inc. purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $31,000. 83.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI increased their price objective on shares of The PNC Financial Services Group from $203.00 to $212.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group increased their price target on The PNC Financial Services Group from $179.00 to $198.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Royal Bank of Canada boosted their price objective on The PNC Financial Services Group from $155.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Citigroup upped their price objective on The PNC Financial Services Group from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their target price on The PNC Financial Services Group from $194.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $177.65.

The PNC Financial Services Group Stock Performance

PNC traded up $3.87 on Friday, hitting $182.26. The company’s stock had a trading volume of 1,103,791 shares, compared to its average volume of 1,864,656. The company’s 50 day simple moving average is $178.13 and its 200-day simple moving average is $165.08. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.36. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $187.78. The firm has a market cap of $72.52 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.30. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.53%. The company had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.40 billion. During the same period in the previous year, the business earned $3.36 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts forecast that The PNC Financial Services Group, Inc. will post 13.14 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 5th. Stockholders of record on Wednesday, October 16th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio is presently 53.74%.

Insider Transactions at The PNC Financial Services Group

In related news, President Michael P. Lyons sold 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total transaction of $1,997,380.00. Following the completion of the transaction, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $167.50, for a total value of $208,035.00. Following the sale, the chief executive officer now owns 563,395 shares of the company’s stock, valued at $94,368,662.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael P. Lyons sold 11,000 shares of The PNC Financial Services Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total value of $1,997,380.00. Following the sale, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,824 shares of company stock valued at $4,580,223. 0.42% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Profile

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.