Arkadios Wealth Advisors Has $1.19 Million Stake in The PNC Financial Services Group, Inc. (NYSE:PNC)

Arkadios Wealth Advisors increased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 194.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,418 shares of the financial services provider's stock after acquiring an additional 4,242 shares during the quarter. Arkadios Wealth Advisors' holdings in The PNC Financial Services Group were worth $1,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MFA Wealth Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 5.4% in the third quarter. MFA Wealth Advisors LLC now owns 1,082 shares of the financial services provider's stock valued at $200,000 after acquiring an additional 55 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 17,030 shares of the financial services provider's stock valued at $3,148,000 after acquiring an additional 56 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of The PNC Financial Services Group by 0.6% in the second quarter. Valley Brook Capital Group Inc. now owns 10,598 shares of the financial services provider's stock valued at $1,648,000 after acquiring an additional 62 shares in the last quarter. Ledyard National Bank boosted its holdings in shares of The PNC Financial Services Group by 2.8% in the third quarter. Ledyard National Bank now owns 2,350 shares of the financial services provider's stock valued at $434,000 after acquiring an additional 64 shares in the last quarter. Finally, Kowal Investment Group LLC boosted its holdings in shares of The PNC Financial Services Group by 2.6% in the second quarter. Kowal Investment Group LLC now owns 2,644 shares of the financial services provider's stock valued at $411,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 2.2 %

The PNC Financial Services Group stock traded up $4.01 during trading hours on Monday, hitting $189.83. The company had a trading volume of 1,185,273 shares, compared to its average volume of 1,860,119. The firm has a market capitalization of $75.53 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.98 and a beta of 1.14. 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 firm's fifty day moving average is $182.56 and its 200-day moving average is $168.28. The PNC Financial Services Group, Inc. has a fifty-two week low of $111.08 and a fifty-two week high of $196.64.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.30 by $0.19. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate 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 company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 earnings per share. On average, research analysts forecast that The PNC Financial Services Group, Inc. will post 13.34 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Wednesday, October 16th. The PNC Financial Services Group's dividend payout ratio is 53.74%.

Insiders Place Their Bets

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $190.27, for a total value of $236,315.34. Following the completion of the sale, the chief executive officer now directly owns 544,765 shares of the company's stock, valued at $103,652,436.55. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, President Michael P. Lyons sold 11,000 shares of the company's stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total transaction of $1,997,380.00. Following the completion of the sale, the president now directly owns 199,095 shares of the company's stock, valued at approximately $36,151,670.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $190.27, for a total transaction of $236,315.34. Following the sale, the chief executive officer now directly owns 544,765 shares of the company's stock, valued at approximately $103,652,436.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,521 shares of company stock valued at $4,631,855 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PNC. Jefferies Financial Group raised their target price on shares of The PNC Financial Services Group from $162.00 to $164.00 and gave the stock a "hold" rating in a report on Wednesday, July 3rd. Barclays raised their price objective on The PNC Financial Services Group from $209.00 to $229.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Citigroup upped their target price on The PNC Financial Services Group from $175.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Morgan Stanley boosted their price objective on The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an "underweight" rating in a report on Wednesday, October 16th. Finally, UBS Group lifted their target price on shares of The PNC Financial Services Group from $179.00 to $198.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and an average target price of $185.71.

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.