AA Financial Advisors LLC Buys 106 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

AA Financial Advisors LLC raised its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,862 shares of the financial services provider’s stock after buying an additional 106 shares during the period. AA Financial Advisors LLC’s holdings in The PNC Financial Services Group were worth $344,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Key Client Fiduciary Advisors LLC increased its position in The PNC Financial Services Group by 4.4% in the third quarter. Key Client Fiduciary Advisors LLC now owns 1,762 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 74 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of The PNC Financial Services Group by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 190,657 shares of the financial services provider’s stock valued at $35,243,000 after purchasing an additional 3,621 shares during the last quarter. First Citizens Bank & Trust Co. grew its position in shares of The PNC Financial Services Group by 1.2% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,606 shares of the financial services provider’s stock worth $1,406,000 after buying an additional 91 shares during the period. Blue Trust Inc. raised its stake in shares of The PNC Financial Services Group by 20.1% during the third quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $796,000 after buying an additional 722 shares during the last quarter. Finally, Precedent Wealth Partners LLC lifted its holdings in The PNC Financial Services Group by 17.2% in the third quarter. Precedent Wealth Partners LLC now owns 5,009 shares of the financial services provider’s stock valued at $926,000 after buying an additional 735 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on PNC. Wells Fargo & Company upped their target price on shares of The PNC Financial Services Group from $204.00 to $215.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America raised The PNC Financial Services Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $185.00 to $200.00 in a research note on Thursday, August 15th. Evercore ISI boosted their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a research report on Wednesday. Keefe, Bruyette & Woods increased their price target on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a research report on Wednesday. Finally, Stephens boosted their price objective on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.71.

The PNC Financial Services Group Trading Up 0.3 %

The PNC Financial Services Group stock opened at $189.38 on Friday. The company has a market cap of $75.28 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.06 and a beta of 1.14. The firm has a 50-day moving average of $180.83 and a 200-day moving average of $167.20. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.83 and a quick ratio of 0.82. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $196.64.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.39 billion. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.53%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.60 earnings per share. On average, equities analysts expect that The PNC Financial Services Group, Inc. will post 13.18 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.38%. The PNC Financial Services Group’s payout ratio is 53.60%.

Insiders Place Their Bets

In other news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $180.48, for a total value of $224,156.16. Following the completion of the transaction, the chief executive officer now owns 560,911 shares of the company’s stock, valued at $101,233,217.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, President Michael P. Lyons sold 11,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $181.58, for a total value of $1,997,380.00. Following the sale, the president now owns 199,095 shares in the company, valued at approximately $36,151,670.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, July 26th. The stock was sold at an average price of $180.48, for a total transaction of $224,156.16. Following the transaction, the chief executive officer now directly owns 560,911 shares of the company’s stock, valued at approximately $101,233,217.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,420 shares of company stock valued at $4,223,131. 0.42% of the stock is currently owned by corporate 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.