4,072 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Purchased by Fiduciary Alliance LLC

Fiduciary Alliance LLC bought a new position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,072 shares of the financial services provider's stock, valued at approximately $785,000.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in The PNC Financial Services Group in the second quarter valued at about $92,000. DekaBank Deutsche Girozentrale grew its stake in The PNC Financial Services Group by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 110,410 shares of the financial services provider's stock worth $16,567,000 after purchasing an additional 422 shares in the last quarter. Parallel Advisors LLC grew its stake in The PNC Financial Services Group by 8.4% in the second quarter. Parallel Advisors LLC now owns 3,594 shares of the financial services provider's stock worth $559,000 after purchasing an additional 277 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in The PNC Financial Services Group by 5.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 24,146 shares of the financial services provider's stock worth $3,754,000 after purchasing an additional 1,236 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its stake in The PNC Financial Services Group by 32.3% in the second quarter. WINTON GROUP Ltd now owns 6,453 shares of the financial services provider's stock valued at $1,003,000 after acquiring an additional 1,576 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $216.01, for a total transaction of $268,284.42. Following the completion of the transaction, the chief executive officer now owns 533,765 shares of the company's stock, valued at approximately $115,298,577.65. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew T. Feldstein sold 14,509 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the transaction, the director now directly owns 38,649 shares of the company's stock, valued at $8,119,768.41. This represents a 27.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,272 shares of company stock valued at $6,164,890 in the last quarter. Insiders own 0.42% of the company's stock.

The PNC Financial Services Group Stock Up 1.8 %

NYSE:PNC traded up $3.38 during trading hours on Tuesday, reaching $195.81. The company's stock had a trading volume of 1,732,564 shares, compared to its average volume of 1,996,376. The company has a market cap of $77.69 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16. The PNC Financial Services Group, Inc. has a one year low of $139.69 and a one year high of $216.26. The business's 50-day moving average is $201.61 and its 200-day moving average is $186.29. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The PNC Financial Services Group's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group's dividend payout ratio is 54.10%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their target price on The PNC Financial Services Group from $180.00 to $182.00 and gave the company an "underperform" rating in a research note on Wednesday, October 16th. Compass Point boosted their price objective on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. Wells Fargo & Company upped their price target on The PNC Financial Services Group from $215.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Stephens upped their price target on The PNC Financial Services Group from $185.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $203.29.

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.