Groupama Asset Managment Has $76.88 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Groupama Asset Managment grew its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 186.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 399,305 shares of the financial services provider's stock after acquiring an additional 259,705 shares during the period. Groupama Asset Managment owned about 0.10% of The PNC Financial Services Group worth $76,878,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Trexquant Investment LP increased its holdings in The PNC Financial Services Group by 110.7% during the 4th quarter. Trexquant Investment LP now owns 38,523 shares of the financial services provider's stock worth $7,429,000 after purchasing an additional 20,239 shares during the last quarter. Headlands Technologies LLC acquired a new stake in The PNC Financial Services Group in the fourth quarter valued at $397,000. Tradewinds LLC. bought a new position in The PNC Financial Services Group during the 4th quarter valued at $373,000. National Bank of Canada FI grew its holdings in The PNC Financial Services Group by 36.9% during the 4th quarter. National Bank of Canada FI now owns 338,028 shares of the financial services provider's stock worth $65,189,000 after acquiring an additional 91,193 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of The PNC Financial Services Group by 1.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 7,999 shares of the financial services provider's stock valued at $1,593,000 after purchasing an additional 97 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $192.88, for a total value of $239,556.96. Following the transaction, the chief executive officer now owns 526,313 shares of the company's stock, valued at approximately $101,515,251.44. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 13,662 shares of company stock valued at $2,559,389 in the last quarter. Insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PNC. Barclays lifted their price target on The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Compass Point upped their price target on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price target on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Morgan Stanley boosted their price objective 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, January 17th. Finally, Stephens restated an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, The PNC Financial Services Group presently has a consensus rating of "Hold" and a consensus target price of $205.65.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded down $16.03 during trading on Thursday, reaching $160.99. The company had a trading volume of 3,408,249 shares, compared to its average volume of 1,893,367. The firm's fifty day moving average is $186.59 and its 200 day moving average is $192.07. 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 has a market capitalization of $63.71 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a twelve month low of $143.52 and a twelve 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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the firm posted $3.16 earnings per share. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts forecast that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.98%. The PNC Financial Services Group's payout ratio is 46.55%.

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.