Natixis Advisors L.P. Has $46.98 Million Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Natixis Advisors L.P. grew its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 19.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 303,386 shares of the financial services provider’s stock after buying an additional 49,086 shares during the quarter. Natixis Advisors L.P.’s holdings in The PNC Financial Services Group were worth $46,978,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rockline Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter worth about $1,825,000. KPP Advisory Services LLC bought a new stake in The PNC Financial Services Group in the 3rd quarter worth about $323,000. AQR Capital Management LLC grew its position in The PNC Financial Services Group by 144.2% in the 3rd quarter. AQR Capital Management LLC now owns 114,296 shares of the financial services provider’s stock worth $14,032,000 after purchasing an additional 67,490 shares in the last quarter. Trust Point Inc. bought a new stake in The PNC Financial Services Group in the 4th quarter worth about $459,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in The PNC Financial Services Group in the 4th quarter worth about $295,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated 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 transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

PNC has been the subject of a number of research reports. StockNews.com downgraded shares of The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 30th. Wells Fargo & Company increased their target price on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Finally, Jefferies Financial Group lowered their price objective on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $157.02.

The PNC Financial Services Group Trading Up 0.3 %

Shares of PNC traded up $0.54 during trading hours on Friday, reaching $156.22. 1,141,551 shares of the company traded hands, compared to its average volume of 1,722,543. The company’s fifty day moving average price is $153.38 and its two-hundred day moving average price is $144.15. The company has a market capitalization of $62.15 billion, a price-to-earnings ratio of 13.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.16. 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 12 month low of $109.40 and a 12 month high of $162.24.

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, beating analysts’ consensus estimates of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.98 EPS. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 12.65 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business 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 dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s payout ratio is 52.06%.

The PNC Financial Services Group 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.