1,130 Shares in The PNC Financial Services Group, Inc $PNC Bought by Pioneer Trust Bank N A OR

Pioneer Trust Bank N A OR acquired a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,130 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of PNC. Brighton Jones LLC lifted its stake in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 984 shares during the period. CWM LLC grew its position in The PNC Financial Services Group by 50.4% during the first quarter. CWM LLC now owns 23,676 shares of the financial services provider’s stock valued at $4,162,000 after buying an additional 7,931 shares during the period. Florida Financial Advisors LLC increased its holdings in The PNC Financial Services Group by 8.5% during the first quarter. Florida Financial Advisors LLC now owns 2,036 shares of the financial services provider’s stock valued at $358,000 after buying an additional 159 shares during the last quarter. Signaturefd LLC raised its position in The PNC Financial Services Group by 1.2% in the first quarter. Signaturefd LLC now owns 7,189 shares of the financial services provider’s stock worth $1,264,000 after acquiring an additional 82 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of The PNC Financial Services Group by 1.7% during the 1st quarter. Apollon Wealth Management LLC now owns 27,161 shares of the financial services provider’s stock worth $4,774,000 after acquiring an additional 456 shares during the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock opened at $184.76 on Wednesday. The company has a market capitalization of $72.46 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.26 and a beta of 1.12. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.06. The stock’s 50-day simple moving average is $192.93 and its 200-day simple moving average is $187.71. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Wednesday, October 15th. The financial services provider reported $4.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.30. The PNC Financial Services Group had a return on equity of 11.47% and a net margin of 19.30%.The firm had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter last year, the business posted $3.49 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. As a group, analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, October 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 43.93%.

Wall Street Analysts Forecast Growth

PNC has been the subject of several analyst reports. Evercore ISI upped their price objective on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Citigroup boosted their price target on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Raymond James Financial raised their price objective on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of The PNC Financial Services Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.47.

Insider Buying and Selling at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 1,080 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $186.97, for a total value of $201,927.60. Following the transaction, the executive vice president owned 27,335 shares of the company’s stock, valued at approximately $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Duane Thomas sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total transaction of $183,570.00. Following the transaction, the executive vice president directly owned 5,802 shares of the company’s stock, valued at $1,065,073.14. The trade was a 14.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,151 shares of company stock worth $400,092 in the last three months. Insiders own 0.41% of the company’s stock.

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.