Natixis Trims Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Natixis lowered its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 92.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,422 shares of the financial services provider's stock after selling 78,254 shares during the period. Natixis' holdings in The PNC Financial Services Group were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNC. Mechanics Financial Corp bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $541,000. AssuredPartners Investment Advisors LLC acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at $739,000. Premier Fund Managers Ltd grew its position in The PNC Financial Services Group by 38.3% in the 4th quarter. Premier Fund Managers Ltd now owns 49,430 shares of the financial services provider's stock valued at $9,511,000 after purchasing an additional 13,700 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in The PNC Financial Services Group by 25.3% during the 4th 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 purchasing 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% in 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 in the last quarter. Institutional investors own 83.53% of the company's stock.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 641 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $150.50, for a total value of $96,470.50. Following the completion of the sale, the chief executive officer now owns 562,291 shares in the company, valued at approximately $84,624,795.50. This trade represents a 0.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 12,420 shares of company stock valued at $2,172,655 over the last three months. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Royal Bank of Canada dropped their target price on The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Stephens reissued an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Hsbc Global Res raised shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating for the company in a report on Wednesday, April 16th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $200.88.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock traded down $1.26 during trading on Friday, hitting $158.49. 1,125,112 shares of the stock traded hands, compared to its average volume of 1,995,156. The firm's fifty day moving average is $169.74 and its 200-day moving average is $188.25. The stock has a market cap of $62.72 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is 45.20%.

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.