Baltimore Washington Financial Advisors Inc. Raises Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Baltimore Washington Financial Advisors Inc. boosted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,680 shares of the financial services provider’s stock after purchasing an additional 51 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in The PNC Financial Services Group were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Financial Life Planners purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $37,000. Catalina Capital Group LLC increased its position in shares of The PNC Financial Services Group by 6.2% during the fourth quarter. Catalina Capital Group LLC now owns 2,052 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 120 shares during the last quarter. JB Capital LLC increased its position in shares of The PNC Financial Services Group by 2.0% during the fourth quarter. JB Capital LLC now owns 77,371 shares of the financial services provider’s stock valued at $14,921,000 after acquiring an additional 1,492 shares during the last quarter. KPP Advisory Services LLC increased its position in shares of The PNC Financial Services Group by 2.8% during the fourth quarter. KPP Advisory Services LLC now owns 3,677 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 100 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in shares of The PNC Financial Services Group by 7.6% during the fourth quarter. CENTRAL TRUST Co now owns 14,200 shares of the financial services provider’s stock valued at $2,738,000 after acquiring an additional 1,007 shares during the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $208.12, for a total transaction of $258,485.04. Following the completion of the sale, the chief executive officer now owns 536,249 shares in the company, valued at approximately $111,604,141.88. The trade was a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew T. Feldstein sold 14,509 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the sale, the director now owns 38,649 shares of the company’s stock, valued at $8,119,768.41. This represents a 27.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,171 shares of company stock worth $5,786,210. 0.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted 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, October 16th. Compass Point lifted their price target on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stephens restated an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a report on Friday, January 17th. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the company an “underweight” rating in a report on Friday, January 17th. Finally, Evercore ISI lifted 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. Two investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.00.

The PNC Financial Services Group Trading Down 1.7 %

NYSE PNC opened at $197.61 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a 52 week low of $139.69 and a 52 week high of $216.26. The stock has a market capitalization of $78.41 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.63 and a beta of 1.16. The firm has a 50 day moving average of $199.85 and a two-hundred day moving average of $189.82.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the business posted $3.16 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. As a group, 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.24%. The PNC Financial Services Group’s dividend payout ratio is presently 46.55%.

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.