The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Mather Group LLC.

Mather Group LLC. grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 28.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,002 shares of the financial services provider’s stock after purchasing an additional 1,750 shares during the quarter. Mather Group LLC.’s holdings in The PNC Financial Services Group were worth $1,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Arkadios Wealth Advisors purchased a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $227,000. Allworth Financial LP boosted its stake in shares of The PNC Financial Services Group by 4.8% in the fourth quarter. Allworth Financial LP now owns 8,659 shares of the financial services provider’s stock worth $1,341,000 after acquiring an additional 400 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of The PNC Financial Services Group by 2.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 41,593 shares of the financial services provider’s stock worth $6,441,000 after purchasing an additional 1,077 shares in the last quarter. CENTRAL TRUST Co raised its stake in The PNC Financial Services Group by 7.2% in the 4th quarter. CENTRAL TRUST Co now owns 14,144 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 948 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in The PNC Financial Services Group by 3.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 106,739 shares of the financial services provider’s stock valued at $16,626,000 after purchasing an additional 3,897 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, President Michael P. Lyons sold 11,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $181.58, for a total value of $1,997,380.00. Following the completion of the transaction, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other The PNC Financial Services Group news, President Michael P. Lyons sold 11,000 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $181.58, for a total value of $1,997,380.00. Following the sale, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William S. Demchak sold 641 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $153.08, for a total value of $98,124.28. Following the transaction, the chief executive officer now directly owns 567,682 shares of the company’s stock, valued at $86,900,760.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,295 shares of company stock valued at $3,547,181. 0.42% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of The PNC Financial Services Group from $152.00 to $162.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Morgan Stanley upped their price objective on shares of The PNC Financial Services Group from $165.00 to $177.00 and gave the company an “underweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company raised their target price on shares of The PNC Financial Services Group from $194.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Evercore ISI upped their price target on The PNC Financial Services Group from $184.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, Barclays increased their price target on The PNC Financial Services Group from $199.00 to $209.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.09.

The PNC Financial Services Group Trading Up 0.7 %

Shares of NYSE:PNC traded up $1.11 during mid-day trading on Wednesday, reaching $170.20. 342,810 shares of the company were exchanged, compared to its average volume of 1,933,335. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $182.84. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.83 and a quick ratio of 0.82. The firm’s 50-day simple moving average is $162.69 and its 200 day simple moving average is $156.36. The firm has a market cap of $67.72 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.26 and a beta of 1.15.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $3.30 EPS for the quarter, topping the consensus estimate of $3.00 by $0.30. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.40 billion. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.53%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $3.36 earnings per share. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 13.02 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Monday, July 15th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.55. This represents a $6.40 dividend on an annualized basis and a yield of 3.76%. The PNC Financial Services Group’s dividend payout ratio is 53.74%.

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.