Childress Capital Advisors LLC Takes $53,000 Position in The PNC Financial Services Group, Inc. (NYSE:PNC)


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Childress Capital Advisors LLC acquired a new stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 353 shares of the financial services provider’s stock, valued at approximately $53,000.

Other large investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $26,000. Vantage Consulting Group Inc bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $27,000. Accel Wealth Management bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $29,000. Clark Financial Advisors bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $29,000. Finally, MPS Loria Financial Planners LLC bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $34,000. 80.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE PNC opened at $178.25 on Thursday. The firm’s 50 day moving average price is $175.00 and its 200-day moving average price is $144.72. The company has a market cap of $75.58 billion, a PE ratio of 10.67, a P/E/G ratio of 3.33 and a beta of 1.38. The PNC Financial Services Group, Inc. has a 52-week low of $89.13 and a 52-week high of $184.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.88.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Thursday, January 14th. The financial services provider reported $3.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.61. The PNC Financial Services Group had a net margin of 38.16% and a return on equity of 5.97%. The business had revenue of $4.21 billion for the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the firm earned $2.97 earnings per share. The company’s quarterly revenue was down 2.6% on a year-over-year basis. On average, analysts forecast that The PNC Financial Services Group, Inc. will post 6.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Friday, April 16th will be given a $1.15 dividend. The ex-dividend date of this dividend is Thursday, April 15th. This represents a $4.60 annualized dividend and a yield of 2.58%. The PNC Financial Services Group’s payout ratio is presently 40.39%.

PNC has been the topic of several research analyst reports. Smith Barney Citigroup upgraded shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $179.00 in a research report on Monday, January 11th. Barclays boosted their price target on shares of The PNC Financial Services Group from $171.00 to $182.00 and gave the company an “equal weight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The PNC Financial Services Group from $157.00 to $190.00 and gave the company a “hold” rating in a research report on Thursday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of The PNC Financial Services Group from $150.00 to $167.00 and gave the stock a “market perform” rating in a report on Monday, January 18th. Finally, Royal Bank of Canada upped their price objective on shares of The PNC Financial Services Group from $135.00 to $161.00 in a report on Tuesday, January 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $156.29.

In other news, EVP Guild Deborah sold 3,840 shares of the stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $151.37, for a total value of $581,260.80. Following the completion of the sale, the executive vice president now directly owns 18,804 shares of the company’s stock, valued at $2,846,361.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Karen L. Larrimer sold 3,205 shares of the stock in a transaction on Friday, February 5th. The stock was sold at an average price of $156.92, for a total transaction of $502,928.60. Following the completion of the sale, the executive vice president now directly owns 24,580 shares of the company’s stock, valued at $3,857,093.60. The disclosure for this sale can be found here. Insiders sold 7,295 shares of company stock worth $1,128,071 over the last quarter. Insiders own 0.30% of the company’s stock.

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. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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

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