Intrust Bank NA Lowers Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Intrust Bank NA trimmed its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 18.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,670 shares of the financial services provider’s stock after selling 616 shares during the period. Intrust Bank NA’s holdings in The PNC Financial Services Group were worth $413,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Choreo LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth $1,341,000. Mather Group LLC. boosted its position in shares of The PNC Financial Services Group by 27.4% during the fourth quarter. Mather Group LLC. now owns 5,925 shares of the financial services provider’s stock worth $917,000 after buying an additional 1,273 shares during the period. Gilbert & Cook Inc. boosted its position in shares of The PNC Financial Services Group by 3.7% during the fourth quarter. Gilbert & Cook Inc. now owns 2,984 shares of the financial services provider’s stock worth $462,000 after buying an additional 107 shares during the period. Eagle Wealth Strategies LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth $309,000. Finally, Convergence Investment Partners LLC purchased a new position in shares of The PNC Financial Services Group during the fourth quarter worth $213,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Up 0.4 %

The PNC Financial Services Group stock opened at $153.94 on Thursday. The PNC Financial Services Group, Inc. has a 1-year low of $109.40 and a 1-year high of $162.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $61.24 billion, a PE ratio of 12.93, a P/E/G ratio of 1.73 and a beta of 1.16. The stock’s fifty day moving average is $153.18 and its two-hundred day moving average is $144.07.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the firm earned $3.98 earnings per share. The business’s revenue was down 8.2% compared to the same quarter last year. On average, sell-side analysts expect that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 52.06%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PNC. Keefe, Bruyette & Woods restated an “underperform” rating and set a $152.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, April 17th. Evercore ISI reduced their price objective on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. StockNews.com cut The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their price objective for the company from $141.00 to $155.00 in a research note on Thursday, March 28th. Finally, The Goldman Sachs Group increased their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $157.02.

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.