Citizens Financial Group Inc RI Raises Stock Holdings in PNC Financial Services Group Inc (NYSE:PNC)

Citizens Financial Group Inc RI boosted its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,813 shares of the financial services provider’s stock after buying an additional 808 shares during the quarter. Citizens Financial Group Inc RI’s holdings in PNC Financial Services Group were worth $2,365,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PNC. Cypress Capital Group increased its holdings in PNC Financial Services Group by 0.8% in the 4th quarter. Cypress Capital Group now owns 8,069 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 66 shares in the last quarter. Wedbush Securities Inc. increased its holdings in PNC Financial Services Group by 3.7% in the 4th quarter. Wedbush Securities Inc. now owns 1,976 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 71 shares in the last quarter. Moody Lynn & Lieberson LLC increased its holdings in PNC Financial Services Group by 2.7% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,743 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 71 shares in the last quarter. Quest Capital Management Inc. ADV increased its holdings in PNC Financial Services Group by 2.0% in the 4th quarter. Quest Capital Management Inc. ADV now owns 3,599 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 71 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. increased its holdings in PNC Financial Services Group by 0.7% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 10,870 shares of the financial services provider’s stock worth $1,736,000 after acquiring an additional 72 shares in the last quarter. 79.11% of the stock is owned by institutional investors and hedge funds.

PNC stock opened at $153.35 on Thursday. PNC Financial Services Group Inc has a 1-year low of $118.70 and a 1-year high of $161.79. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market capitalization of $67.41 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.63 and a beta of 1.14. The business has a 50 day simple moving average of $154.23 and a two-hundred day simple moving average of $146.17.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the prior year, the company posted $2.75 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that PNC Financial Services Group Inc will post 11.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were given a dividend of $1.15 per share. The ex-dividend date was Thursday, January 16th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.00%. PNC Financial Services Group’s dividend payout ratio is currently 40.39%.

Several equities research analysts recently issued reports on PNC shares. Barclays reissued a “hold” rating and issued a $181.00 target price on shares of PNC Financial Services Group in a report on Tuesday, January 7th. Morgan Stanley upped their price target on PNC Financial Services Group from $160.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, December 23rd. UBS Group dropped their price target on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Royal Bank of Canada downgraded PNC Financial Services Group from a “top pick” rating to an “outperform” rating and set a $155.00 price target for the company. in a research note on Monday, December 9th. Finally, ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $158.18.

In other news, EVP Joseph E. Rockey sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $155.00, for a total transaction of $1,550,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael J. Hannon sold 4,178 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $151.50, for a total value of $632,967.00. Following the transaction, the executive vice president now owns 55,711 shares of the company’s stock, valued at $8,440,216.50. The disclosure for this sale can be found here. Insiders have sold a total of 44,178 shares of company stock valued at $6,771,967 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

PNC Financial Services Group 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.

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

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