Fiduciary Trust Co Buys 3,301 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Fiduciary Trust Co increased its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 40.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,506 shares of the financial services provider’s stock after acquiring an additional 3,301 shares during the period. Fiduciary Trust Co’s holdings in The PNC Financial Services Group were worth $2,127,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PNC. Concurrent Investment Advisors LLC raised its stake in shares of The PNC Financial Services Group by 45.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 6,413 shares of the financial services provider’s stock worth $1,185,000 after purchasing an additional 2,009 shares in the last quarter. BSN CAPITAL PARTNERS Ltd bought a new stake in The PNC Financial Services Group during the third quarter worth $12,548,000. Bleakley Financial Group LLC lifted its stake in The PNC Financial Services Group by 9.0% in the third quarter. Bleakley Financial Group LLC now owns 15,758 shares of the financial services provider’s stock valued at $2,913,000 after acquiring an additional 1,299 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at about $822,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth about $18,159,000. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling 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 on Friday, October 4th. The stock was sold at an average price of $181.35, for a total value of $225,236.70. Following the sale, the chief executive officer now owns 548,491 shares of the company’s stock, valued at approximately $99,468,842.85. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew T. Feldstein sold 14,509 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the transaction, the director now directly owns 38,649 shares of the company’s stock, valued at $8,119,768.41. This trade represents a 27.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,546 shares of company stock valued at $5,345,530 in the last ninety days. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Stock Down 0.1 %

NYSE PNC opened at $214.72 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The company has a market cap of $85.20 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.25 and a beta of 1.13. The company has a 50 day moving average of $194.07 and a 200-day moving average of $176.56. The PNC Financial Services Group, Inc. has a 1-year low of $132.11 and a 1-year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.39 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.60 EPS. On average, equities research analysts expect that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a yield of 2.98%. The PNC Financial Services Group’s payout ratio is 54.10%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PNC. Evercore ISI lifted their price target on The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their target price on 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. Bank of America raised The PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Barclays upped their price objective on shares of The PNC Financial Services Group from $209.00 to $229.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Stephens lifted their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $189.15.

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.