Fiduciary Alliance LLC Takes Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Fiduciary Alliance LLC purchased a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,072 shares of the financial services provider’s stock, valued at approximately $785,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PNC. Czech National Bank increased its stake in shares of The PNC Financial Services Group by 6.2% during the fourth quarter. Czech National Bank now owns 86,031 shares of the financial services provider’s stock worth $16,591,000 after purchasing an additional 5,057 shares in the last quarter. Graypoint LLC increased its stake in The PNC Financial Services Group by 7.7% during the 4th quarter. Graypoint LLC now owns 3,032 shares of the financial services provider’s stock worth $585,000 after buying an additional 218 shares in the last quarter. ORG Partners LLC raised its holdings in shares of The PNC Financial Services Group by 495.4% during the fourth quarter. ORG Partners LLC now owns 5,132 shares of the financial services provider’s stock valued at $990,000 after acquiring an additional 4,270 shares during the last quarter. Michael S. Ryan Inc. lifted its position in shares of The PNC Financial Services Group by 3.6% in the fourth quarter. Michael S. Ryan Inc. now owns 1,989 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 69 shares in the last quarter. Finally, InvesTrust acquired a new stake in shares of The PNC Financial Services Group in the fourth quarter worth approximately $686,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PNC. Morgan Stanley raised their price objective on The PNC Financial Services Group from $177.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, October 16th. Citigroup boosted their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Evercore ISI increased their price objective on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Compass Point boosted their target price on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group increased their price target on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $203.29.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the sale, the director now directly owns 38,649 shares in the company, valued at $8,119,768.41. This represents a 27.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin Pfinsgraff sold 859 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the completion of the transaction, the director now owns 915 shares of the company’s stock, valued at approximately $170,299.80. This trade represents a 48.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,272 shares of company stock valued at $6,164,890. 0.42% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $192.66 on Tuesday. The PNC Financial Services Group, Inc. has a fifty-two week low of $139.69 and a fifty-two week high of $216.26. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day moving average price of $201.61 and a 200 day moving average price of $186.29. The stock has a market capitalization of $76.44 billion, a P/E ratio of 16.29, a PEG ratio of 2.11 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.32%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 54.10%.

About The PNC Financial Services Group

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.