Mountain Pacific Investment Advisers Inc. ID Sells 1,525 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Mountain Pacific Investment Advisers Inc. ID reduced its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 17.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,361 shares of the financial services provider’s stock after selling 1,525 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in The PNC Financial Services Group were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Syon Capital LLC boosted its position in shares of The PNC Financial Services Group by 16.8% in the fourth quarter. Syon Capital LLC now owns 1,948 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 280 shares during the period. NJ State Employees Deferred Compensation Plan boosted its position in shares of The PNC Financial Services Group by 48.8% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 11,900 shares of the financial services provider’s stock worth $1,843,000 after purchasing an additional 3,900 shares during the period. Nadler Financial Group Inc. bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $211,000. Bailard Inc. boosted its position in shares of The PNC Financial Services Group by 1.0% in the fourth quarter. Bailard Inc. now owns 50,362 shares of the financial services provider’s stock worth $7,798,000 after purchasing an additional 508 shares during the period. Finally, Community Bank N.A. boosted its position in shares of The PNC Financial Services Group by 3.7% in the fourth quarter. Community Bank N.A. now owns 12,230 shares of the financial services provider’s stock worth $1,894,000 after purchasing an additional 435 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PNC. The Goldman Sachs Group upped their price target on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. StockNews.com downgraded shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Friday. Bank of America boosted their target price on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group lowered their target price on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and an average price target of $156.63.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $156.11 on Friday. The company has a market cap of $62.10 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.76 and a beta of 1.18. The firm’s fifty day moving average is $152.76 and its 200 day moving average is $143.36. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The company 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 net margin of 16.05% and a return on equity of 11.64%. The PNC Financial Services Group’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.98 earnings per share. Sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

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 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.