Arkadios Wealth Advisors Buys 1,718 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Arkadios Wealth Advisors raised its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,136 shares of the financial services provider's stock after purchasing an additional 1,718 shares during the quarter. Arkadios Wealth Advisors' holdings in The PNC Financial Services Group were worth $1,569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PNC. Loomis Sayles & Co. L P raised its position in The PNC Financial Services Group by 8.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 624 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 50 shares during the last quarter. MFA Wealth Advisors LLC raised its holdings in shares of The PNC Financial Services Group by 5.4% during the third quarter. MFA Wealth Advisors LLC now owns 1,082 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 55 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in The PNC Financial Services Group by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 17,030 shares of the financial services provider's stock worth $3,148,000 after acquiring an additional 56 shares during the period. Altman Advisors Inc. increased its position in The PNC Financial Services Group by 0.5% during the 3rd quarter. Altman Advisors Inc. now owns 10,506 shares of the financial services provider's stock valued at $1,942,000 after purchasing an additional 56 shares during the period. Finally, Valley Brook Capital Group Inc. raised its holdings in The PNC Financial Services Group by 0.5% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 10,655 shares of the financial services provider's stock worth $1,969,000 after purchasing an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock traded up $1.82 during trading on Monday, hitting $198.36. 4,465,710 shares of the company's stock traded hands, compared to its average volume of 1,593,872. The PNC Financial Services Group, Inc. has a 1 year low of $139.69 and a 1 year high of $216.26. The business has a 50-day simple moving average of $201.40 and a 200-day simple moving average of $187.43. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $78.71 billion, a P/E ratio of 16.77, a PEG ratio of 1.77 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.51. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.16 earnings per share. As a group, analysts forecast that The PNC Financial Services Group, Inc. will post 13.47 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.23%. The PNC Financial Services Group's payout ratio is 54.10%.

Insider Transactions at The PNC Financial Services Group

In other news, Director Martin Pfinsgraff sold 859 shares of the company's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total transaction of $159,877.08. Following the completion of the sale, the director now owns 915 shares of the company's stock, valued at $170,299.80. This represents a 48.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $192.88, for a total transaction of $239,556.96. Following the completion of the transaction, the chief executive officer now directly owns 526,313 shares in the company, valued at approximately $101,515,251.44. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,030 shares of company stock worth $5,928,202 in the last ninety days. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI boosted their price target on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Barclays lifted their price target on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Wells Fargo & Company increased their price objective on The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Stephens reaffirmed an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research report on Friday. Finally, Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the company an "underweight" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $205.00.

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.