Telos Capital Management Inc. Acquires 2,206 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Telos Capital Management Inc. boosted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,097 shares of the financial services provider’s stock after purchasing an additional 2,206 shares during the period. Telos Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $5,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNC. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group during the third quarter worth about $25,000. BKM Wealth Management LLC bought a new position in The PNC Financial Services Group during the fourth quarter worth $26,000. Tennessee Valley Asset Management Partners acquired a new position in The PNC Financial Services Group in the fourth quarter valued at $26,000. Fortitude Family Office LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at $28,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in The PNC Financial Services Group by 350.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 140 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PNC has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods boosted their price target on The PNC Financial Services Group from $145.00 to $152.00 and gave the company an “underperform” rating in a research note on Friday, April 5th. HSBC raised shares of The PNC Financial Services Group from a “reduce” rating to a “hold” rating and raised their price objective for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Evercore ISI boosted their target price on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group raised their price target on shares of The PNC Financial Services Group from $164.00 to $171.00 and gave the stock a “hold” rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.10.

The PNC Financial Services Group Stock Up 0.7 %

Shares of NYSE PNC traded up $1.08 during trading on Wednesday, hitting $147.62. The stock had a trading volume of 978,356 shares, compared to its average volume of 2,143,225. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a fifty day moving average of $151.82 and a two-hundred day moving average of $141.64. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The company has a market capitalization of $58.72 billion, a PE ratio of 11.46, a PEG ratio of 1.72 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.05. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.98 EPS. As a group, equities research analysts forecast that The PNC Financial Services Group, Inc. will post 12.42 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be given a dividend of $1.55 per share. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a yield of 4.20%. The PNC Financial Services Group’s payout ratio is currently 48.48%.

Insider Activity at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

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.