J.W. Cole Advisors Inc. Has $745,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

J.W. Cole Advisors Inc. boosted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 107.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,810 shares of the financial services provider’s stock after buying an additional 2,486 shares during the period. J.W. Cole Advisors Inc.’s holdings in The PNC Financial Services Group were worth $745,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Rockline Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at about $1,825,000. KPP Advisory Services LLC acquired a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at about $323,000. AQR Capital Management LLC increased its holdings in shares of The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock valued at $14,032,000 after purchasing an additional 67,490 shares during the period. Trust Point Inc. acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at about $459,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at about $295,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Up 2.4 %

Shares of The PNC Financial Services Group stock opened at $155.93 on Tuesday. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month 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 stock has a market capitalization of $62.03 billion, a P/E ratio of 13.09, a PEG ratio of 1.72 and a beta of 1.18. The stock has a 50 day moving average price of $152.03 and a two-hundred day moving average price of $142.51.

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

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a $1.55 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.98%. The PNC Financial Services Group’s dividend payout ratio is 52.06%.

Analyst Ratings Changes

PNC has been the topic of a number of research reports. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and upped their target price for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Evercore ISI lowered their price target on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, April 17th. The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Jefferies Financial Group lowered their price target on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Finally, Bank of America boosted their price target on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $156.63.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.

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.