MML Investors Services LLC Buys 5,986 Shares of PNC Financial Services Group Inc (PNC)

MML Investors Services LLC increased its stake in PNC Financial Services Group Inc (NYSE:PNC) by 64.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,332 shares of the financial services provider’s stock after purchasing an additional 5,986 shares during the quarter. MML Investors Services LLC’s holdings in PNC Financial Services Group were worth $1,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PNC. Logan Capital Management Inc. increased its holdings in shares of PNC Financial Services Group by 17.1% in the fourth quarter. Logan Capital Management Inc. now owns 33,949 shares of the financial services provider’s stock worth $3,968,000 after buying an additional 4,959 shares during the period. Suntrust Banks Inc. increased its holdings in shares of PNC Financial Services Group by 0.9% in the fourth quarter. Suntrust Banks Inc. now owns 398,657 shares of the financial services provider’s stock worth $46,607,000 after buying an additional 3,678 shares during the period. First Commonwealth Financial Corp PA increased its holdings in shares of PNC Financial Services Group by 1.8% in the fourth quarter. First Commonwealth Financial Corp PA now owns 15,240 shares of the financial services provider’s stock worth $1,782,000 after buying an additional 269 shares during the period. Green Square Capital LLC increased its holdings in shares of PNC Financial Services Group by 2.4% in the fourth quarter. Green Square Capital LLC now owns 4,363 shares of the financial services provider’s stock worth $510,000 after buying an additional 102 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its holdings in shares of PNC Financial Services Group by 145.6% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 25,800 shares of the financial services provider’s stock worth $3,016,000 after buying an additional 15,296 shares during the period. Institutional investors own 82.23% of the company’s stock.

PNC stock opened at $119.18 on Monday. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $154.58. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10. The company has a market cap of $54.06 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.41 and a beta of 1.05.



PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.04). PNC Financial Services Group had a return on equity of 11.23% and a net margin of 26.51%. The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter last year, the company posted $2.29 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that PNC Financial Services Group Inc will post 11.31 EPS for the current year.

In related news, Director Martin Pfinsgraff purchased 500 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were purchased at an average cost of $125.69 per share, with a total value of $62,845.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Q. Reilly sold 12,361 shares of the business’s stock in a transaction that occurred on Friday, February 8th. The stock was sold at an average price of $122.50, for a total value of $1,514,222.50. Following the completion of the sale, the executive vice president now directly owns 118,671 shares in the company, valued at $14,537,197.50. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Several research firms have recently commented on PNC. Zacks Investment Research downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Monday, March 11th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Credit Suisse Group reiterated a “hold” rating and issued a $146.00 price objective on shares of PNC Financial Services Group in a report on Thursday, January 17th. Macquarie upgraded PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 6th. Finally, Deutsche Bank downgraded PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $123.89 price target on the stock. in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $145.45.

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PNC Financial Services Group Company 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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