KPP Advisory Services LLC Increases Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

KPP Advisory Services LLC increased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 8.9% during the second quarter, Holdings Channel.com reports. The firm owned 3,531 shares of the financial services provider’s stock after buying an additional 288 shares during the period. KPP Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $549,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Valley Brook Capital Group Inc. raised its stake in shares of The PNC Financial Services Group by 0.6% during the 2nd quarter. Valley Brook Capital Group Inc. now owns 10,598 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 62 shares in the last quarter. Kowal Investment Group LLC increased its position in shares of The PNC Financial Services Group by 2.6% during the second quarter. Kowal Investment Group LLC now owns 2,644 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 68 shares in the last quarter. Ranch Capital Advisors Inc. lifted its holdings in shares of The PNC Financial Services Group by 1.0% during the 2nd quarter. Ranch Capital Advisors Inc. now owns 7,137 shares of the financial services provider’s stock valued at $1,110,000 after purchasing an additional 69 shares during the last quarter. Triangle Securities Wealth Management boosted its position in shares of The PNC Financial Services Group by 1.8% in the 1st quarter. Triangle Securities Wealth Management now owns 4,019 shares of the financial services provider’s stock worth $649,000 after purchasing an additional 70 shares in the last quarter. Finally, Cooper Financial Group grew its stake in The PNC Financial Services Group by 1.7% during the 1st quarter. Cooper Financial Group now owns 4,241 shares of the financial services provider’s stock worth $685,000 after buying an additional 70 shares during the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $184.84 on Tuesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $73.55 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.02 and a beta of 1.14. The firm’s 50 day simple moving average is $178.08 and its 200-day simple moving average is $164.43. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $187.78.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on PNC shares. Bank of America upgraded The PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $185.00 to $200.00 in a research note on Thursday, August 15th. Jefferies Financial Group boosted their target price on shares of The PNC Financial Services Group from $162.00 to $164.00 and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Evercore ISI upped their price target on shares of The PNC Financial Services Group from $184.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. UBS Group lifted their price objective on shares of The PNC Financial Services Group from $179.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Barclays upped their target price on The PNC Financial Services Group from $199.00 to $209.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $176.90.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 641 shares of the firm’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $158.10, for a total value of $101,342.10. Following the sale, the chief executive officer now directly owns 567,041 shares of the company’s stock, valued at $89,649,182.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO William S. Demchak sold 641 shares of The PNC Financial Services Group stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $158.10, for a total value of $101,342.10. Following the sale, the chief executive officer now owns 567,041 shares in the company, valued at $89,649,182.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $167.50, for a total transaction of $208,035.00. Following the sale, the chief executive officer now directly owns 563,395 shares of the company’s stock, valued at approximately $94,368,662.50. The disclosure for this sale can be found here. Insiders sold a total of 26,465 shares of company stock worth $4,681,565 in the last 90 days. Corporate insiders own 0.42% of the company’s stock.

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.