McGlone Suttner Wealth Management Inc. Takes $295,000 Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

McGlone Suttner Wealth Management Inc. acquired a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,907 shares of the financial services provider’s stock, valued at approximately $295,000.

Other hedge funds have also added to or reduced their stakes in the company. Rockline Wealth Management LLC bought a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $1,825,000. KPP Advisory Services LLC bought a new position in The PNC Financial Services Group in the third quarter valued at approximately $323,000. AQR Capital Management LLC grew its stake 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 worth $14,032,000 after buying an additional 67,490 shares during the last quarter. Comerica Bank bought a new stake in shares of The PNC Financial Services Group during the second quarter worth $5,594,000. Finally, Gradient Investments LLC grew its stake in shares of The PNC Financial Services Group by 59.9% during the third quarter. Gradient Investments LLC now owns 635 shares of the financial services provider’s stock worth $78,000 after buying an additional 238 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

The PNC Financial Services Group Stock Up 1.0 %

Shares of NYSE PNC traded up $1.66 during trading on Thursday, hitting $161.63. 1,725,297 shares of the company traded hands, compared to its average volume of 2,237,252. The business’s fifty day moving average is $149.96 and its 200 day moving average is $138.25. The PNC Financial Services Group, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $162.24. The firm has a market capitalization of $64.30 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.79 and a beta of 1.17. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The firm had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.30 billion. During the same quarter in the prior year, the business earned $3.49 earnings per share. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 12.4 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, January 12th. The PNC Financial Services Group’s payout ratio is presently 48.48%.

Analysts Set New Price Targets

A number of analysts have weighed in on PNC shares. Morgan Stanley boosted their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and boosted their target price for the stock from $141.00 to $155.00 in a research note on Thursday. Stephens reiterated an “equal weight” rating and set a $138.00 price target on shares of The PNC Financial Services Group in a report on Tuesday, December 5th. Keefe, Bruyette & Woods lifted their price target on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, January 3rd. Finally, Odeon Capital Group upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 price target on the stock in a report on Thursday, December 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $152.87.

About The PNC Financial Services Group

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.