The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 96.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,190 shares of the financial services provider's stock after selling 129,475 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in The PNC Financial Services Group were worth $808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of The PNC Financial Services Group by 8.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,594 shares of the financial services provider's stock worth $559,000 after acquiring an additional 277 shares during the last quarter. One Capital Management LLC acquired a new position in The PNC Financial Services Group during the second quarter worth $463,000. Denali Advisors LLC purchased a new position in shares of The PNC Financial Services Group during the second quarter worth $715,000. Bradley Foster & Sargent Inc. CT grew its stake in shares of The PNC Financial Services Group by 4.6% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,839 shares of the financial services provider's stock valued at $1,374,000 after buying an additional 388 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of The PNC Financial Services Group by 9.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,510 shares of the financial services provider's stock valued at $4,588,000 after buying an additional 2,670 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 2.1 %

Shares of NYSE:PNC traded down $4.21 during trading on Thursday, hitting $196.23. 5,064,552 shares of the company were exchanged, compared to its average volume of 2,446,765. The firm's 50 day moving average price is $201.65 and its 200-day moving average price is $186.67. The PNC Financial Services Group, Inc. has a 12-month low of $139.69 and a 12-month high of $216.26. 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 stock has a market capitalization of $77.86 billion, a P/E ratio of 16.59, a PEG ratio of 1.77 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the business earned $3.16 EPS. The PNC Financial Services Group's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, research analysts predict that The PNC Financial Services Group, Inc. will post 13.47 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.26%. The PNC Financial Services Group's dividend payout ratio is presently 54.10%.

Insiders Place Their Bets

In related news, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total transaction of $159,877.08. Following the completion of the sale, the director now owns 915 shares in the company, valued at $170,299.80. This represents a 48.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, January 10th. The shares were sold at an average price of $192.88, for a total transaction of $239,556.96. Following the completion of the transaction, the chief executive officer now owns 526,313 shares in the company, valued at approximately $101,515,251.44. This represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,272 shares of company stock valued at $6,164,890 over the last quarter. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

PNC has been the subject of several research reports. Barclays lifted their target price on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective 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. Evercore ISI increased their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Morgan Stanley boosted their price target on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 16th. Finally, Stephens increased their price objective on The PNC Financial Services Group from $185.00 to $200.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have given 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 $203.29.

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.