Mariner LLC Has $192.98 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Mariner LLC increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,678 shares of the financial services provider's stock after buying an additional 240,260 shares during the quarter. Mariner LLC owned about 0.25% of The PNC Financial Services Group worth $192,977,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $25,000. Richardson Financial Services Inc. grew its holdings in shares of The PNC Financial Services Group by 2,333.3% in the 4th 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 during 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. Rialto Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at $32,000. Finally, Synergy Asset Management LLC purchased a new position in The PNC Financial Services Group in the 4th quarter worth about $32,000. Institutional investors own 83.53% of the company's stock.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $202.11, for a total transaction of $251,020.62. Following the completion of the transaction, the chief executive officer now owns 522,587 shares of the company's stock, valued at approximately $105,620,058.57. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 11,819 shares of company stock valued at $2,127,508. 0.41% of the stock is owned by company insiders.

The PNC Financial Services Group Stock Performance

PNC stock traded up $0.51 during midday trading on Friday, hitting $152.05. 3,564,375 shares of the company traded hands, compared to its average volume of 1,989,650. The business has a 50 day simple moving average of $173.63 and a 200-day simple moving average of $189.09. 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, Inc. has a twelve month low of $145.12 and a twelve month high of $216.26. The stock has a market capitalization of $60.17 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results 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%. As a group, equities research analysts predict 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. Stockholders of record on Wednesday, April 16th will be issued a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.21%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 45.20%.

Analyst Upgrades and Downgrades

A number of research firms have commented on PNC. JPMorgan Chase & Co. decreased their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Barclays decreased their price objective on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their price objective on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their target price on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Stephens reissued an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $200.88.

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.