Lindbrook Capital LLC Boosts Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Lindbrook Capital LLC grew its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 43.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,199 shares of the financial services provider’s stock after acquiring an additional 663 shares during the quarter. Lindbrook Capital LLC’s holdings in The PNC Financial Services Group were worth $341,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company 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 company from $141.00 to $155.00 in a research note on Thursday, March 28th. The Goldman Sachs Group increased their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. StockNews.com raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group cut their target price on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $156.63.

The PNC Financial Services Group Stock Up 3.0 %

Shares of NYSE:PNC opened at $152.30 on Monday. The company has a market capitalization of $60.59 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18. The company has a 50 day moving average of $151.89 and a two-hundred day moving average of $142.26. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the business earned $3.98 EPS. As a group, analysts forecast that The PNC Financial Services Group, Inc. will post 12.62 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.

The PNC Financial Services Group 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.