Riverview Trust Co Purchases 225 Shares of PNC Financial Services Group Inc (PNC)

Riverview Trust Co grew its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 935 shares of the financial services provider’s stock after acquiring an additional 225 shares during the period. Riverview Trust Co’s holdings in PNC Financial Services Group were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in PNC. Martingale Asset Management L P increased its stake in PNC Financial Services Group by 3.3% during the third quarter. Martingale Asset Management L P now owns 22,319 shares of the financial services provider’s stock worth $3,040,000 after acquiring an additional 707 shares during the last quarter. Franklin Resources Inc. increased its stake in PNC Financial Services Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 189,298 shares of the financial services provider’s stock worth $25,780,000 after acquiring an additional 6,223 shares during the last quarter. King Luther Capital Management Corp bought a new position in shares of PNC Financial Services Group during the third quarter valued at approximately $532,000. Capital Bank & Trust Co grew its stake in shares of PNC Financial Services Group by 33.9% during the third quarter. Capital Bank & Trust Co now owns 2,541 shares of the financial services provider’s stock valued at $346,000 after buying an additional 643 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of PNC Financial Services Group by 105.5% during the third quarter. Capital International Investors now owns 2,332,232 shares of the financial services provider’s stock valued at $317,627,000 after buying an additional 1,197,093 shares during the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

A number of research firms have recently commented on PNC. Zacks Investment Research raised PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 26th. Morgan Stanley upped their target price on PNC Financial Services Group from $138.00 to $142.00 and gave the company an “equal weight” rating in a research note on Monday. UBS Group set a $133.00 target price on PNC Financial Services Group and gave the company a “hold” rating in a research note on Tuesday, April 2nd. Barclays boosted their price target on PNC Financial Services Group from $156.00 to $157.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $146.00 price target on shares of PNC Financial Services Group in a report on Thursday, January 17th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $145.66.

In related news, EVP Robert Q. Reilly sold 12,361 shares of PNC Financial Services Group stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $122.50, for a total value of $1,514,222.50. Following the completion of the sale, the executive vice president now owns 118,671 shares in the company, valued at approximately $14,537,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Pfinsgraff acquired 500 shares of the firm’s stock in a transaction dated Thursday, February 21st. The shares were purchased at an average cost of $125.69 per share, with a total value of $62,845.00. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by company insiders.

Shares of NYSE PNC traded up $0.46 during mid-day trading on Wednesday, hitting $133.61. The stock had a trading volume of 462,211 shares, compared to its average volume of 2,138,115. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.91 and a quick ratio of 0.90. PNC Financial Services Group Inc has a twelve month low of $108.45 and a twelve month high of $152.29. The company has a market cap of $59.45 billion, a price-to-earnings ratio of 12.48, a PEG ratio of 1.53 and a beta of 1.05.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Friday, April 12th. The financial services provider reported $2.61 earnings per share for the quarter, hitting the consensus estimate of $2.61. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.24 billion. PNC Financial Services Group had a return on equity of 11.20% and a net margin of 25.93%. During the same period last year, the firm earned $2.43 EPS. Research analysts expect that PNC Financial Services Group Inc will post 11.3 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Tuesday, April 16th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Monday, April 15th. PNC Financial Services Group’s dividend payout ratio is currently 35.48%.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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