Cambiar Investors LLC Sells 4,570 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Cambiar Investors LLC lessened its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,905 shares of the financial services provider’s stock after selling 4,570 shares during the quarter. The PNC Financial Services Group comprises 1.8% of Cambiar Investors LLC’s investment portfolio, making the stock its 24th largest position. Cambiar Investors LLC owned about 0.06% of The PNC Financial Services Group worth $44,916,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PNC. CWM LLC boosted its position in shares of The PNC Financial Services Group by 14.7% during the 3rd quarter. CWM LLC now owns 13,108 shares of the financial services provider’s stock valued at $2,423,000 after acquiring an additional 1,681 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of The PNC Financial Services Group by 295.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,813 shares of the financial services provider’s stock valued at $520,000 after buying an additional 2,101 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of The PNC Financial Services Group by 9.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 6,563 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 561 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of The PNC Financial Services Group during the 3rd quarter valued at about $70,000. Finally, Redhawk Wealth Advisors Inc. raised its holdings in shares of The PNC Financial Services Group by 5.7% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 4,260 shares of the financial services provider’s stock valued at $788,000 after buying an additional 229 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Insiders Place Their Bets

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $202.11, for a total value of $251,020.62. Following the sale, the chief executive officer now directly owns 522,587 shares of the company’s stock, valued at approximately $105,620,058.57. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 14,904 shares of company stock valued at $2,989,034. 0.42% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Trading Down 1.7 %

NYSE PNC opened at $197.25 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a twelve month low of $139.69 and a twelve month high of $216.26. The firm has a market capitalization of $78.26 billion, a PE ratio of 14.35, a P/E/G ratio of 1.64 and a beta of 1.16. The stock’s 50 day moving average is $198.40 and its 200 day moving average is $190.62.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the previous year, the company posted $3.16 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. Research analysts forecast that The PNC Financial Services Group, Inc. will post 15.3 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.55%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays raised their price objective on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Stephens reissued an “equal weight” rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a report on Friday, January 17th. Wells Fargo & Company raised their price objective on The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley lifted their price target on The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Finally, 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 research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $205.00.

The PNC Financial Services Group 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.