Aufman Associates Inc Makes New $208,000 Investment in PNC Financial Services Group Inc (NYSE:PNC)

Aufman Associates Inc purchased a new position in PNC Financial Services Group Inc (NYSE:PNC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,304 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other institutional investors have also recently made changes to their positions in PNC. DNB Asset Management AS raised its stake in PNC Financial Services Group by 8.1% during the 3rd quarter. DNB Asset Management AS now owns 49,391 shares of the financial services provider’s stock worth $6,923,000 after buying an additional 3,714 shares during the period. Ingalls & Snyder LLC raised its stake in PNC Financial Services Group by 13.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 1,674 shares of the financial services provider’s stock worth $235,000 after buying an additional 192 shares during the period. Signaturefd LLC raised its stake in PNC Financial Services Group by 8.6% during the 3rd quarter. Signaturefd LLC now owns 3,339 shares of the financial services provider’s stock worth $468,000 after buying an additional 265 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in PNC Financial Services Group by 97.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,724 shares of the financial services provider’s stock worth $802,000 after buying an additional 2,829 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in PNC Financial Services Group by 2.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 216,040 shares of the financial services provider’s stock worth $30,280,000 after buying an additional 5,609 shares during the period. 79.38% of the stock is currently owned by institutional investors and hedge funds.

PNC has been the topic of several research analyst reports. Barclays reaffirmed a “hold” rating and set a $181.00 price objective on shares of PNC Financial Services Group in a research note on Tuesday, January 7th. Zacks Investment Research raised PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Wednesday, January 8th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. UBS Group dropped their price target on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Finally, Citigroup lifted their price target on PNC Financial Services Group from $139.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $158.18.

PNC opened at $154.13 on Friday. The business’s 50-day moving average price is $154.95 and its two-hundred day moving average price is $145.90. PNC Financial Services Group Inc has a 1 year low of $118.70 and a 1 year high of $161.79. The company has a market capitalization of $68.63 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 1.66 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.91 and a quick ratio of 0.90.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.92 by $0.05. The firm had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.48 billion. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. Sell-side analysts anticipate that PNC Financial Services Group Inc will post 11.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Thursday, January 16th. PNC Financial Services Group’s payout ratio is 40.39%.

In related news, Director Charles E. Bunch acquired 1,000 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was bought at an average price of $153.11 per share, for a total transaction of $153,110.00. Following the acquisition, the director now directly owns 4,781 shares of the company’s stock, valued at $732,018.91. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vicki C. Henn sold 3,723 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $151.96, for a total value of $565,747.08. The disclosure for this sale can be found here. Insiders sold a total of 33,723 shares of company stock valued at $5,159,747 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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