Brighton Jones LLC Boosts Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Brighton Jones LLC increased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,041 shares of the financial services provider’s stock after buying an additional 984 shares during the quarter. Brighton Jones LLC’s holdings in The PNC Financial Services Group were worth $779,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of The PNC Financial Services Group by 8.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,910 shares of the financial services provider’s stock worth $5,118,000 after purchasing an additional 2,508 shares during the period. AXA S.A. lifted its position in The PNC Financial Services Group by 46.8% in the second quarter. AXA S.A. now owns 12,125 shares of the financial services provider’s stock valued at $1,885,000 after buying an additional 3,865 shares during the last quarter. AQR Capital Management LLC boosted its stake in The PNC Financial Services Group by 14.2% during the second quarter. AQR Capital Management LLC now owns 45,448 shares of the financial services provider’s stock worth $6,983,000 after buying an additional 5,640 shares during the period. APG Asset Management N.V. increased its position in shares of The PNC Financial Services Group by 203.2% during the second quarter. APG Asset Management N.V. now owns 47,452 shares of the financial services provider’s stock valued at $6,884,000 after acquiring an additional 31,800 shares during the last quarter. Finally, MBB Public Markets I LLC raised its stake in shares of The PNC Financial Services Group by 1,332.8% in the 2nd quarter. MBB Public Markets I LLC now owns 28,842 shares of the financial services provider’s stock valued at $4,484,000 after acquiring an additional 26,829 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Trading Up 0.9 %

PNC opened at $199.49 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group, Inc. has a one year low of $139.69 and a one year high of $216.26. The company has a market cap of $79.15 billion, a P/E ratio of 14.51, a PEG ratio of 1.59 and a beta of 1.16. The business’s 50-day simple moving average is $200.29 and its 200-day simple moving average is $188.42.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same period in the prior year, the company posted $3.16 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that The PNC Financial Services Group, Inc. will post 15.26 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be given a $1.60 dividend. 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 3.21%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.55%.

Analyst Ratings Changes

Several analysts recently weighed in on PNC shares. Evercore ISI lifted their target price 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. Keefe, Bruyette & Woods lifted their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a research note on Wednesday, October 16th. Citigroup increased their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Stephens restated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Friday, January 17th. Finally, Morgan Stanley boosted their price target on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Hold” and a consensus target price of $205.00.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $189.50, for a total transaction of $235,359.00. Following the transaction, the chief executive officer now owns 543,523 shares of the company’s stock, valued at $102,997,608.50. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $3,048,195.81. Following the completion of the sale, the director now directly owns 38,649 shares of the company’s stock, valued at $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,171 shares of company stock worth $5,777,926 over the last 90 days. Corporate insiders own 0.42% of the company’s stock.

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.