Diversify Advisory Services LLC Acquires 102 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Diversify Advisory Services LLC grew its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.2% in the third quarter, HoldingsChannel.com reports. The fund owned 2,053 shares of the financial services provider’s stock after purchasing an additional 102 shares during the period. Diversify Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PNC. Bank & Trust Co bought a new stake in The PNC Financial Services Group during the second quarter valued at approximately $26,000. ORG Partners LLC lifted its holdings in shares of The PNC Financial Services Group by 203.7% during the 2nd quarter. ORG Partners LLC now owns 164 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 110 shares during the last quarter. LRI Investments LLC bought a new stake in shares of The PNC Financial Services Group during the 1st quarter worth $28,000. Palisade Asset Management LLC bought a new position in The PNC Financial Services Group in the first quarter valued at $29,000. Finally, Y.D. More Investments Ltd purchased a new stake in The PNC Financial Services Group during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $190.27, for a total transaction of $236,315.34. Following the completion of the sale, the chief executive officer now directly owns 544,765 shares in the company, valued at approximately $103,652,436.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $190.27, for a total transaction of $236,315.34. Following the sale, the chief executive officer now directly owns 544,765 shares in the company, valued at approximately $103,652,436.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of The PNC Financial Services Group stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the sale, the director now directly owns 915 shares of the company’s stock, valued at approximately $170,299.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,279 shares of company stock valued at $2,418,591 in the last quarter. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PNC has been the subject of a number of research reports. Stephens upped their price objective on The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Barclays increased their price target on shares of The PNC Financial Services Group from $209.00 to $229.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a report on Wednesday, October 16th. 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 research note on Wednesday, October 16th. Finally, Bank of America upgraded shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $185.00 to $200.00 in a report on Thursday, August 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $185.71.

The PNC Financial Services Group Stock Down 1.0 %

Shares of The PNC Financial Services Group stock opened at $188.23 on Friday. The PNC Financial Services Group, Inc. has a 1 year low of $112.36 and a 1 year high of $196.64. The firm has a market cap of $74.90 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.98 and a beta of 1.14. The company has a 50-day moving average of $183.75 and a 200 day moving average of $169.08. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results 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 net margin of 14.97% and a return on equity of 10.88%. The business had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 13.34 earnings per share 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 Tuesday, November 5th. Stockholders of record on Wednesday, October 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio is presently 53.74%.

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.