Stonebridge Financial Group LLC Makes New Investment in The PNC Financial Services Group, Inc. (NYSE:PNC)

Stonebridge Financial Group LLC acquired a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,664 shares of the financial services provider's stock, valued at approximately $899,000.

A number of other institutional investors also recently made changes to their positions in PNC. Arlington Trust Co LLC bought a new stake in The PNC Financial Services Group during the 4th quarter valued at $95,000. Equitable Trust Co. raised its holdings in The PNC Financial Services Group by 4.2% during the 4th quarter. Equitable Trust Co. now owns 2,062 shares of the financial services provider's stock valued at $398,000 after buying an additional 83 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new stake in The PNC Financial Services Group during the 4th quarter valued at $81,000. Comprehensive Financial Planning Inc. PA bought a new stake in The PNC Financial Services Group during the 4th quarter valued at $105,000. Finally, Savant Capital LLC raised its holdings in The PNC Financial Services Group by 1.9% during the 4th quarter. Savant Capital LLC now owns 14,242 shares of the financial services provider's stock valued at $2,746,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 0.8 %

PNC stock traded down $1.52 during trading on Friday, hitting $193.91. 2,362,011 shares of the stock traded hands, compared to its average volume of 2,228,644. The PNC Financial Services Group, Inc. has a 1 year low of $139.69 and a 1 year high of $216.26. The firm's 50 day moving average is $197.40 and its two-hundred day moving average is $190.93. The stock has a market cap of $76.94 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the firm posted $3.16 EPS. The PNC Financial Services Group's revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 15.3 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Wednesday, January 15th. The PNC Financial Services Group's payout ratio is presently 46.55%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PNC. Citigroup upped their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the company a "buy" rating in a report on Monday, November 25th. Compass Point upped their price target on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price target on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Barclays upped their price objective on shares of The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Finally, Morgan Stanley upped their price objective on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an "underweight" rating in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, The PNC Financial Services Group currently has an average rating of "Hold" and a consensus target price of $205.00.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $216.01, for a total value of $268,284.42. Following the transaction, the chief executive officer now owns 533,765 shares of the company's stock, valued at approximately $115,298,577.65. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 13,662 shares of company stock valued at $2,730,549 in the last 90 days. 0.42% of the stock is currently owned by insiders.

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.