764 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Purchased by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC bought a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 764 shares of the financial services provider’s stock, valued at approximately $141,000.

Other large investors have also made changes to their positions in the company. Dynasty Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter worth $225,000. Ancora Advisors LLC raised its position in The PNC Financial Services Group by 0.8% in the first quarter. Ancora Advisors LLC now owns 9,391 shares of the financial services provider’s stock valued at $1,518,000 after purchasing an additional 73 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of The PNC Financial Services Group by 13.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 13,755 shares of the financial services provider’s stock valued at $2,223,000 after purchasing an additional 1,596 shares in the last quarter. Hancock Whitney Corp increased its stake in shares of The PNC Financial Services Group by 2.7% in the first quarter. Hancock Whitney Corp now owns 12,084 shares of the financial services provider’s stock valued at $1,953,000 after buying an additional 322 shares during the period. Finally, LBP AM SA lifted its position in shares of The PNC Financial Services Group by 16.4% in the 1st quarter. LBP AM SA now owns 35,753 shares of the financial services provider’s stock worth $5,778,000 after purchasing an additional 5,031 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $186.45, for a total value of $231,570.90. Following the completion of the transaction, the chief executive officer now directly owns 550,975 shares in the company, valued at $102,729,288.75. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the completion of the sale, the director now directly owns 38,649 shares of the company’s stock, valued at approximately $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,788 shares of company stock worth $5,573,027. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Up 1.7 %

The PNC Financial Services Group stock opened at $217.93 on Wednesday. The stock has a market cap of $86.47 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $192.29 and a 200 day moving average of $175.62. The PNC Financial Services Group, Inc. has a one year low of $127.83 and a one year high of $217.93.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 5th. Investors of record on Wednesday, October 16th were issued a $1.60 dividend. The ex-dividend date was Wednesday, October 16th. This represents a $6.40 dividend on an annualized basis and a yield of 2.94%. The PNC Financial Services Group’s dividend payout ratio is currently 54.10%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America upgraded shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $185.00 to $200.00 in a report on Thursday, August 15th. Evercore ISI upped their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Stephens raised their target price on The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on The PNC Financial Services Group from $209.00 to $229.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Compass Point lowered shares of The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.