Pathway Financial Advisors LLC acquired a new position in PNC Financial Services Group Inc (NYSE:PNC) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,660 shares of the financial services provider’s stock, valued at approximately $204,000.

Other hedge funds also recently bought and sold shares of the company. Chartwell Investment Partners LLC grew its holdings in shares of PNC Financial Services Group by 4.6% in the 1st quarter. Chartwell Investment Partners LLC now owns 48,851 shares of the financial services provider’s stock valued at $5,992,000 after buying an additional 2,136 shares during the period. Graves Light Private Wealth Management Inc. boosted its stake in PNC Financial Services Group by 2.8% in the 1st quarter. Graves Light Private Wealth Management Inc. now owns 30,076 shares of the financial services provider’s stock worth $3,689,000 after purchasing an additional 824 shares during the period. Webster Bank N. A. boosted its stake in PNC Financial Services Group by 5.0% in the 1st quarter. Webster Bank N. A. now owns 17,728 shares of the financial services provider’s stock worth $2,175,000 after purchasing an additional 843 shares during the period. Pacer Advisors Inc. acquired a new position in PNC Financial Services Group in the 1st quarter worth $4,705,000. Finally, CHICAGO TRUST Co NA boosted its stake in PNC Financial Services Group by 18.5% in the 1st quarter. CHICAGO TRUST Co NA now owns 9,319 shares of the financial services provider’s stock worth $1,143,000 after purchasing an additional 1,456 shares during the period. Hedge funds and other institutional investors own 82.25% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Goldman Sachs Group lowered shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $154.00 to $144.00 in a research note on Monday, January 7th. Macquarie raised shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 6th. Deutsche Bank lowered shares of PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $123.89 target price for the company. in a research note on Friday, January 25th. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, Credit Suisse Group restated a “hold” rating and set a $146.00 price objective on shares of PNC Financial Services Group in a research note on Thursday, January 17th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. PNC Financial Services Group presently has an average rating of “Hold” and a consensus target price of $144.99.

Shares of PNC stock traded up $1.27 on Thursday, reaching $128.56. The stock had a trading volume of 1,441,799 shares, compared to its average volume of 2,077,859. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market cap of $57.52 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.48 and a beta of 1.05. PNC Financial Services Group Inc has a 12 month low of $108.45 and a 12 month high of $152.98.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.04). The company had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.37 billion. PNC Financial Services Group had a net margin of 26.51% and a return on equity of 11.23%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. Sell-side analysts predict that PNC Financial Services Group Inc will post 11.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Tuesday, April 16th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Monday, April 15th. This represents a $3.80 annualized dividend and a yield of 2.96%. PNC Financial Services Group’s dividend payout ratio is currently 35.48%.

In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 12,361 shares of the stock in a transaction dated Friday, February 8th. The shares were sold at an average price of $122.50, for a total value of $1,514,222.50. Following the transaction, the executive vice president now directly owns 118,671 shares of the company’s stock, valued at approximately $14,537,197.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Martin Pfinsgraff purchased 500 shares of the stock in a transaction on Thursday, February 21st. The stock was bought at an average cost of $125.69 per share, for a total transaction of $62,845.00. The disclosure for this purchase can be found here. 0.37% of the stock is owned by corporate insiders.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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