Daiwa Securities Group Inc. Has $5.52 Million Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Daiwa Securities Group Inc. boosted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,644 shares of the financial services provider’s stock after purchasing an additional 2,072 shares during the period. Daiwa Securities Group Inc.’s holdings in The PNC Financial Services Group were worth $5,519,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group in the third quarter valued at $25,000. BKM Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at about $26,000. Tennessee Valley Asset Management Partners acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at about $26,000. Fortitude Family Office LLC bought a new position in The PNC Financial Services Group during the fourth quarter worth about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in The PNC Financial Services Group by 350.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction that occurred on 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 owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PNC. StockNews.com raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Bank of America increased their price objective on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Monday, April 1st. Finally, UBS Group increased their price target on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, The PNC Financial Services Group has a consensus rating of “Hold” and an average target price of $156.63.

The PNC Financial Services Group Stock Up 3.0 %

Shares of PNC opened at $152.30 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.42. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The firm’s 50 day moving average is $151.89 and its 200-day moving average is $141.95. The stock has a market capitalization of $60.59 billion, a PE ratio of 12.79, a P/E/G ratio of 1.67 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.98 earnings per share. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 4.07%. The PNC Financial Services Group’s dividend payout ratio is 52.06%.

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.