Fiera Capital Corp Purchases 814 Shares of PNC Financial Services Group Inc (NYSE:PNC)

Fiera Capital Corp raised its position in PNC Financial Services Group Inc (NYSE:PNC) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,564 shares of the financial services provider’s stock after purchasing an additional 814 shares during the quarter. Fiera Capital Corp’s holdings in PNC Financial Services Group were worth $409,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of PNC Financial Services Group by 9.0% during the third quarter. Sigma Planning Corp now owns 10,128 shares of the financial services provider’s stock worth $1,420,000 after acquiring an additional 838 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in PNC Financial Services Group by 9.9% in the third quarter. First Allied Advisory Services Inc. now owns 11,732 shares of the financial services provider’s stock worth $1,654,000 after purchasing an additional 1,056 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in PNC Financial Services Group by 4.4% in the third quarter. Pictet Asset Management Ltd. now owns 247,219 shares of the financial services provider’s stock worth $34,650,000 after purchasing an additional 10,323 shares in the last quarter. West Oak Capital LLC increased its holdings in PNC Financial Services Group by 99.0% in the fourth quarter. West Oak Capital LLC now owns 201 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Brandywine Oak Private Wealth LLC increased its holdings in PNC Financial Services Group by 305.0% in the third quarter. Brandywine Oak Private Wealth LLC now owns 9,671 shares of the financial services provider’s stock worth $1,355,000 after purchasing an additional 7,283 shares in the last quarter. Hedge funds and other institutional investors own 79.11% of the company’s stock.

Shares of PNC Financial Services Group stock opened at $154.13 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.91. PNC Financial Services Group Inc has a 52 week low of $118.70 and a 52 week high of $161.79. The stock has a 50 day moving average price of $154.54 and a two-hundred day moving average price of $146.07. The stock has a market capitalization of $68.63 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $2.97 EPS for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.05. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter last year, the firm posted $2.75 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Research analysts forecast that PNC Financial Services Group Inc will post 11.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Friday, January 17th were paid a $1.15 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a $4.60 dividend on an annualized basis and a yield of 2.98%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 40.39%.

In other PNC Financial Services Group news, EVP Joseph E. Rockey sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $155.00, for a total value of $1,550,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Bunch acquired 1,000 shares of PNC Financial Services Group stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $153.11 per share, with a total value of $153,110.00. Following the purchase, the director now directly owns 4,781 shares of the company’s stock, valued at approximately $732,018.91. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.

PNC has been the subject of a number of research analyst reports. Bank of America upgraded PNC Financial Services Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $144.00 to $178.00 in a report on Thursday, January 9th. Barclays reiterated a “hold” rating and issued a $181.00 target price on shares of PNC Financial Services Group in a report on Tuesday, January 7th. Citigroup lifted their target price on PNC Financial Services Group from $139.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Finally, Odeon Capital Group initiated coverage on PNC Financial Services Group in a report on Monday, November 25th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $158.18.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

See Also: What is a portfolio manager?

Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

Receive News & Ratings for PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.