F M Investments LLC Raises Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

F M Investments LLC increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,964 shares of the financial services provider's stock after purchasing an additional 7,550 shares during the period. F M Investments LLC's holdings in The PNC Financial Services Group were worth $12,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNC. Mechanics Financial Corp acquired a new stake in The PNC Financial Services Group during the fourth quarter valued at $541,000. AssuredPartners Investment Advisors LLC purchased a new position in The PNC Financial Services Group during the 4th quarter worth $739,000. Premier Fund Managers Ltd raised its stake in shares of The PNC Financial Services Group by 38.3% during the 4th quarter. Premier Fund Managers Ltd now owns 49,430 shares of the financial services provider's stock worth $9,511,000 after buying an additional 13,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of The PNC Financial Services Group by 25.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,074 shares of the financial services provider's stock valued at $7,739,000 after buying an additional 8,081 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of The PNC Financial Services Group by 48.5% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,758 shares of the financial services provider's stock valued at $5,160,000 after buying an additional 8,735 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

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The PNC Financial Services Group Stock Performance

Shares of PNC stock traded down $0.59 during midday trading on Friday, hitting $151.57. 3,850,177 shares of the company were exchanged, compared to its average volume of 1,970,491. The firm has a market capitalization of $59.98 billion, a P/E ratio of 11.02, a PEG ratio of 1.55 and a beta of 1.04. 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 firm's 50 day moving average price is $178.30 and its two-hundred day moving average price is $190.17. The PNC Financial Services Group, Inc. has a 52 week low of $143.52 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The business had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.51 billion. During the same period last year, the business earned $3.16 EPS. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.22%. The PNC Financial Services Group's dividend payout ratio is currently 46.55%.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $198.00, for a total transaction of $245,916.00. Following the sale, the chief executive officer now owns 525,071 shares in the company, valued at approximately $103,964,058. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 12,420 shares of company stock worth $2,276,870. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PNC. Citigroup lowered their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 24th. Stephens restated an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Wells Fargo & Company cut their price objective on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Morgan Stanley cut their price target on The PNC Financial Services Group from $188.00 to $179.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group lowered their price target 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $203.47.

The PNC Financial Services Group Company 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.