Fulton Breakefield Broenniman LLC lifted its position in PNC Financial Services Group Inc (NYSE:PNC) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,167 shares of the financial services provider’s stock after buying an additional 938 shares during the period. PNC Financial Services Group makes up about 2.1% of Fulton Breakefield Broenniman LLC’s investment portfolio, making the stock its 12th biggest position. Fulton Breakefield Broenniman LLC’s holdings in PNC Financial Services Group were worth $17,586,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PNC. Hoey Investments Inc. acquired a new position in PNC Financial Services Group in the 4th quarter worth approximately $32,000. West Oak Capital LLC lifted its stake in PNC Financial Services Group by 99.0% during the 4th quarter. West Oak Capital LLC now owns 201 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Liberty Wealth Management LLC lifted its stake in PNC Financial Services Group by 112.8% during the 3rd quarter. Liberty Wealth Management LLC now owns 232 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 123 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of PNC Financial Services Group in the 3rd quarter valued at $37,000. Finally, Old North State Trust LLC boosted its holdings in shares of PNC Financial Services Group by 108.8% in the 3rd quarter. Old North State Trust LLC now owns 307 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 79.39% of the company’s stock.

NYSE PNC traded up $0.44 during mid-day trading on Tuesday, reaching $159.88. 3,333,846 shares of the stock were exchanged, compared to its average volume of 2,000,604. The company has a market capitalization of $70.60 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.62 and a beta of 1.15. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.88. The business’s 50 day moving average is $157.35 and its 200-day moving average is $144.00. PNC Financial Services Group Inc has a 1 year low of $117.17 and a 1 year high of $161.79.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.14. The company had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.41 billion. PNC Financial Services Group had a net margin of 24.96% and a return on equity of 10.94%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.82 earnings per share. Equities analysts predict that PNC Financial Services Group Inc will post 11.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, January 16th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 42.95%.

In other PNC Financial Services Group news, EVP Karen L. Larrimer sold 2,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $152.29, for a total value of $304,580.00. Following the completion of the transaction, the executive vice president now owns 21,172 shares in the company, valued at $3,224,283.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph E. Rockey sold 10,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $145.00, for a total value of $1,450,000.00. Following the completion of the sale, the executive vice president now directly owns 18,453 shares of the company’s stock, valued at approximately $2,675,685. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,623 shares of company stock valued at $28,044,817. 0.37% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. ValuEngine cut shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Wednesday, January 8th. Morgan Stanley increased their price target on PNC Financial Services Group from $160.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. Barclays reiterated a “hold” rating and set a $181.00 price objective on shares of PNC Financial Services Group in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada cut PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price objective for the company. in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $153.91.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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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