First National Bank of Mount Dora Trust Investment Services reduced its stake in shares of PNC Financial Services Group Inc (NYSE:PNC) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,912 shares of the financial services provider’s stock after selling 75 shares during the quarter. PNC Financial Services Group comprises approximately 1.7% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 26th largest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in PNC Financial Services Group were worth $4,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in PNC. Pictet Asset Management Ltd. grew its stake in shares of PNC Financial Services Group by 6.1% in the 2nd quarter. Pictet Asset Management Ltd. now owns 236,896 shares of the financial services provider’s stock valued at $32,521,000 after purchasing an additional 13,677 shares during the last quarter. Prestige Wealth Management Group LLC purchased a new stake in shares of PNC Financial Services Group during the second quarter valued at approximately $55,000. United Services Automobile Association raised its stake in shares of PNC Financial Services Group by 17.5% during the second quarter. United Services Automobile Association now owns 182,820 shares of the financial services provider’s stock valued at $25,098,000 after purchasing an additional 27,224 shares during the period. HM Payson & Co. acquired a new position in shares of PNC Financial Services Group during the second quarter worth $594,000. Finally, Cypress Capital Group lifted its position in shares of PNC Financial Services Group by 5.8% during the second quarter. Cypress Capital Group now owns 7,490 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 410 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price target on the stock. in a research note on Monday, December 9th. UBS Group decreased their price objective on shares of PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Barclays restated a “hold” rating and set a $181.00 target price on shares of PNC Financial Services Group in a research note on Tuesday, January 7th. Morgan Stanley lifted their target price 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. Finally, Odeon Capital Group initiated coverage on PNC Financial Services Group in a research note on Monday, November 25th. They issued a “hold” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $155.35.

PNC stock traded down $2.33 during mid-day trading on Friday, hitting $150.04. 181,445 shares of the company were exchanged, compared to its average volume of 1,894,896. The firm has a fifty day simple moving average of $157.57 and a 200 day simple moving average of $144.78. The company has a market capitalization of $67.79 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. PNC Financial Services Group Inc has a twelve month low of $118.70 and a twelve month high of $161.79. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.22.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, topping the consensus estimate of $2.92 by $0.05. The business had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.48 billion. PNC Financial Services Group had a net margin of 24.83% and a return on equity of 10.92%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.75 earnings per share. As a group, sell-side analysts anticipate that PNC Financial Services Group Inc will post 11.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.07%. The ex-dividend date is Thursday, January 16th. PNC Financial Services Group’s payout ratio is currently 40.39%.

In related news, CAO Gregory B. Jordan sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $152.50, for a total transaction of $1,448,750.00. Following the sale, the chief accounting officer now directly owns 48,725 shares of the company’s stock, valued at approximately $7,430,562.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Charles E. Bunch purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average cost of $153.11 per share, for a total transaction of $153,110.00. Following the completion of the transaction, the director now owns 4,781 shares in the company, valued at approximately $732,018.91. The disclosure for this purchase can be found here. Insiders have sold 174,623 shares of company stock worth $26,594,817 in the last 90 days. 0.37% of the stock is currently owned by insiders.

PNC Financial Services Group Profile

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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