Buckhead Capital Management LLC Buys 1,025 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Buckhead Capital Management LLC grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,525 shares of the financial services provider’s stock after acquiring an additional 1,025 shares during the quarter. Buckhead Capital Management LLC’s holdings in The PNC Financial Services Group were worth $2,249,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Rockline Wealth Management LLC bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at $1,825,000. KPP Advisory Services LLC bought a new position in shares of The PNC Financial Services Group during the third quarter valued at $323,000. AQR Capital Management LLC lifted its holdings in shares of The PNC Financial Services Group by 144.2% during the third quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock valued at $14,032,000 after purchasing an additional 67,490 shares in the last quarter. Trust Point Inc. bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at $459,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at $295,000. 83.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the transaction, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded up $0.72 during trading on Wednesday, hitting $153.98. 1,436,631 shares of the company’s stock were exchanged, compared to its average volume of 2,090,391. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The business’s 50-day simple moving average is $153.03 and its 200 day simple moving average is $144.00. The company has a market cap of $61.25 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.76 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $3.98 earnings per share. The firm’s revenue was down 8.2% on a year-over-year basis. As a group, equities analysts predict that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PNC. The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a report on Monday, April 1st. Morgan Stanley increased their target price on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. Wells Fargo & Company increased their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Bank of America increased their target price on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $157.02.

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.