The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,748 shares of the financial services provider's stock after buying an additional 1,771 shares during the period. MGO One Seven LLC's holdings in The PNC Financial Services Group were worth $4,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alta Advisers Ltd boosted its holdings in shares of The PNC Financial Services Group by 15.5% during the 4th quarter. Alta Advisers Ltd now owns 1,270 shares of the financial services provider's stock worth $245,000 after purchasing an additional 170 shares during the last quarter. Harvest Investment Services LLC acquired a new position in The PNC Financial Services Group during the fourth quarter worth $254,000. Nippon Life Global Investors Americas Inc. purchased a new stake in The PNC Financial Services Group in the 4th quarter valued at $5,787,000. J. Safra Sarasin Holding AG increased its stake in shares of The PNC Financial Services Group by 33.4% in the 4th quarter. J. Safra Sarasin Holding AG now owns 268,231 shares of the financial services provider's stock worth $51,728,000 after acquiring an additional 67,119 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of The PNC Financial Services Group by 12.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,833 shares of the financial services provider's stock worth $1,126,000 after acquiring an additional 629 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on PNC. JPMorgan Chase & Co. cut their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. The Goldman Sachs Group cut their price target on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley cut their target price on The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Finally, HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and reduced their target price for the company from $206.00 to $202.00 in a research report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The PNC Financial Services Group has an average rating of "Hold" and an average price target of $200.88.

The PNC Financial Services Group Stock Down 0.8 %

Shares of NYSE:PNC traded down $1.26 during trading on Friday, hitting $158.49. The company's stock had a trading volume of 1,125,112 shares, compared to its average volume of 1,999,239. The company has a market capitalization of $62.72 billion, a PE ratio of 11.53, a P/E/G 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 PNC Financial Services Group, Inc. has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The business has a 50 day moving average price of $169.74 and a two-hundred day moving average price of $188.28.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.50 billion. As a group, research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal 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 paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is presently 45.20%.

Insiders Place Their Bets

In related news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $192.45, for a total transaction of $239,022.90. Following the completion of the sale, the chief executive officer now owns 571,025 shares in the company, valued at $109,893,761.25. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 12,420 shares of company stock valued at $2,172,655 in the last ninety days. Insiders own 0.41% of the company's stock.

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.