3,277 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Acquired by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,277 shares of the financial services provider's stock, valued at approximately $632,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. increased its position in shares of The PNC Financial Services Group by 2,333.3% during the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Albion Financial Group UT acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth $30,000. Synergy Asset Management LLC bought a new stake in The PNC Financial Services Group in the 4th quarter valued at $32,000. Finally, Rialto Wealth Management LLC acquired a new position in The PNC Financial Services Group in the 4th quarter worth $32,000. 83.53% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Martin Pfinsgraff acquired 1,000 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $158.22 per share, for a total transaction of $158,220.00. Following the purchase, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. The trade was a 99.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William S. Demchak sold 601 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $160.00, for a total value of $96,160.00. Following the sale, the chief executive officer now owns 563,573 shares of the company's stock, valued at approximately $90,171,680. The trade was a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,662 shares of company stock worth $2,370,382 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock traded up $0.96 during trading hours on Tuesday, hitting $160.61. The company had a trading volume of 1,642,985 shares, compared to its average volume of 1,999,877. The firm has a 50-day moving average of $169.06 and a 200 day moving average of $188.12. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $63.56 billion, a PE ratio of 11.68, a PEG ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a one year low of $145.12 and a one year high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.50 billion. On average, sell-side analysts expect that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Wednesday, April 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is 45.20%.

Analyst Ratings Changes

Several equities research analysts have commented on PNC shares. HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and cut their target price for the company from $206.00 to $202.00 in a research note on Monday, March 31st. Morgan Stanley reduced their target price on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Barclays lowered their price target on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company reduced their price objective 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 note on Friday, March 28th. Finally, Hsbc Global Res raised The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Hold" and a consensus price target of $200.88.

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.