Mcdonald Partners LLC Purchases 388 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Mcdonald Partners LLC grew its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,666 shares of the financial services provider’s stock after purchasing an additional 388 shares during the quarter. Mcdonald Partners LLC’s holdings in The PNC Financial Services Group were worth $1,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in shares of The PNC Financial Services Group during the 3rd quarter worth $70,000. Creative Planning raised its holdings in The PNC Financial Services Group by 8.7% in the 3rd quarter. Creative Planning now owns 75,927 shares of the financial services provider’s stock worth $14,035,000 after purchasing an additional 6,055 shares during the period. Blue Trust Inc. lifted its position in The PNC Financial Services Group by 20.1% during the third quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 722 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in The PNC Financial Services Group by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 190,657 shares of the financial services provider’s stock valued at $35,243,000 after purchasing an additional 3,621 shares during the period. Finally, Cyndeo Wealth Partners LLC increased its position in The PNC Financial Services Group by 8.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,578 shares of the financial services provider’s stock worth $292,000 after buying an additional 125 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

PNC opened at $193.91 on Tuesday. The business has a fifty day moving average of $196.90 and a 200 day moving average of $191.28. The stock has a market cap of $76.94 billion, a P/E ratio of 14.10, a PEG ratio of 1.64 and a beta of 1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a 52-week low of $139.69 and a 52-week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.16 earnings per share. As a group, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 15.3 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.55%.

Insider Activity

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $216.01, for a total transaction of $268,284.42. Following the transaction, the chief executive officer now directly owns 533,765 shares in the company, valued at $115,298,577.65. This trade represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 13,662 shares of company stock valued at $2,730,549. Corporate insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Compass Point lifted their price target on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Stephens reissued an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Barclays upped their target price on shares of The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $205.00.

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.