Advisor Partners LLC lifted its stake in PNC Financial Services Group Inc (NYSE:PNC) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,578 shares of the financial services provider’s stock after acquiring an additional 563 shares during the period. Advisor Partners LLC’s holdings in PNC Financial Services Group were worth $1,953,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its holdings in shares of PNC Financial Services Group by 12.5% in the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 91 shares during the period. Atlantic Trust LLC bought a new position in shares of PNC Financial Services Group in the second quarter worth $129,000. Legacy Advisors LLC bought a new position in shares of PNC Financial Services Group in the third quarter worth $136,000. Quadrant Capital Group LLC boosted its holdings in shares of PNC Financial Services Group by 0.3% in the second quarter. Quadrant Capital Group LLC now owns 1,417 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 4 shares during the period. Finally, Capital Guardian Trust Co. bought a new position in shares of PNC Financial Services Group in the third quarter worth $154,000. 82.06% of the stock is owned by hedge funds and other institutional investors.

PNC has been the subject of several research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $162.00 price objective on shares of PNC Financial Services Group in a research note on Friday, December 29th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research note on Tuesday, October 31st. Goldman Sachs Group lowered PNC Financial Services Group from a “conviction-buy” rating to a “buy” rating in a research note on Thursday, January 4th. Credit Suisse Group reissued a “hold” rating and set a $150.00 price objective on shares of PNC Financial Services Group in a research note on Friday, January 5th. Finally, UBS Group lifted their price objective on PNC Financial Services Group from $133.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, October 16th. Eighteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $144.02.

Shares of PNC Financial Services Group Inc (NYSE PNC) opened at $158.66 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.93 and a current ratio of 0.94. PNC Financial Services Group Inc has a 52 week low of $115.25 and a 52 week high of $158.75. The stock has a market capitalization of $75,490.00, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.90.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.09. PNC Financial Services Group had a return on equity of 9.52% and a net margin of 29.60%. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. sell-side analysts forecast that PNC Financial Services Group Inc will post 10.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, February 5th. Shareholders of record on Wednesday, January 17th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is currently 28.76%.

In other PNC Financial Services Group news, insider Karen L. Larrimer sold 3,135 shares of PNC Financial Services Group stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $136.98, for a total transaction of $429,432.30. Following the completion of the sale, the insider now owns 20,449 shares of the company’s stock, valued at $2,801,104.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider E William Parsley III sold 25,000 shares of PNC Financial Services Group stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,534 shares of company stock valued at $15,952,465. Corporate insiders own 0.43% of the company’s stock.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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