Azimuth Capital Investment Management LLC Buys 30,030 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Azimuth Capital Investment Management LLC grew its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 137.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,935 shares of the financial services provider's stock after purchasing an additional 30,030 shares during the quarter. Azimuth Capital Investment Management LLC's holdings in The PNC Financial Services Group were worth $10,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of The PNC Financial Services Group by 1.0% during the third quarter. Principal Financial Group Inc. now owns 2,275,472 shares of the financial services provider's stock valued at $420,621,000 after purchasing an additional 22,271 shares during the period. Morse Asset Management Inc acquired a new stake in The PNC Financial Services Group during the 3rd quarter valued at $481,000. EP Wealth Advisors LLC increased its stake in The PNC Financial Services Group by 37.4% during the 3rd quarter. EP Wealth Advisors LLC now owns 5,119 shares of the financial services provider's stock worth $946,000 after buying an additional 1,394 shares during the period. MML Investors Services LLC lifted its holdings in The PNC Financial Services Group by 8.7% in the 3rd quarter. MML Investors Services LLC now owns 109,686 shares of the financial services provider's stock worth $20,275,000 after buying an additional 8,737 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in The PNC Financial Services Group by 5.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 120,022 shares of the financial services provider's stock valued at $22,186,000 after buying an additional 5,925 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 1.6 %

Shares of NYSE PNC traded up $2.47 during mid-day trading on Monday, reaching $154.46. The company had a trading volume of 863,701 shares, compared to its average volume of 1,966,409. 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 company has a market capitalization of $61.13 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 1.55 and a beta of 1.04. The stock has a fifty day moving average of $178.30 and a two-hundred day moving average of $190.22. The PNC Financial Services Group, Inc. has a 12-month low of $143.52 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) 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 PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the prior year, the firm earned $3.16 EPS. The company's revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 4.14%. The ex-dividend date is Wednesday, April 16th. The PNC Financial Services Group's payout ratio is currently 46.55%.

Wall Street Analysts Forecast Growth

PNC has been the topic of several recent analyst reports. Citigroup cut their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. JPMorgan Chase & Co. cut their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Hsbc Global Res raised shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. The Goldman Sachs Group cut their price objective on shares of The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, Barclays increased 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 note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, The PNC Financial Services Group has an average rating of "Hold" and a consensus price target of $203.47.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $196.17, for a total value of $243,643.14. Following the transaction, the chief executive officer now owns 523,829 shares in the company, valued at approximately $102,759,534.93. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 12,420 shares of company stock valued at $2,276,870 in the last three months. Corporate insiders own 0.41% 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.