Comprehensive Portfolio Management LLC Buys Shares of 1,820 PNC Financial Services Group Inc (PNC)

Comprehensive Portfolio Management LLC bought a new position in shares of PNC Financial Services Group Inc (NYSE:PNC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,820 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other hedge funds also recently added to or reduced their stakes in PNC. Oregon Public Employees Retirement Fund grew its stake in PNC Financial Services Group by 11,450.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,000,055 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 5,948,109 shares in the last quarter. Norges Bank purchased a new stake in PNC Financial Services Group during the 4th quarter valued at about $550,507,000. FMR LLC boosted its holdings in PNC Financial Services Group by 32.7% in the 4th quarter. FMR LLC now owns 10,859,988 shares of the financial services provider’s stock valued at $1,269,641,000 after purchasing an additional 2,677,895 shares during the last quarter. Capital International Investors boosted its holdings in PNC Financial Services Group by 105.5% in the 3rd quarter. Capital International Investors now owns 2,332,232 shares of the financial services provider’s stock valued at $317,627,000 after purchasing an additional 1,197,093 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in PNC Financial Services Group by 38.0% in the 3rd quarter. Clearbridge Investments LLC now owns 1,915,660 shares of the financial services provider’s stock valued at $260,894,000 after purchasing an additional 527,145 shares during the last quarter. 82.25% of the stock is owned by institutional investors and hedge funds.

Shares of PNC stock opened at $137.10 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 1.23. PNC Financial Services Group Inc has a one year low of $108.45 and a one year high of $152.29. The company has a market capitalization of $62.19 billion, a PE ratio of 12.58, a P/E/G ratio of 1.59 and a beta of 1.09.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 EPS for the quarter, hitting the consensus estimate of $2.61. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.24 billion. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. During the same period in the prior year, the business posted $2.43 EPS. Equities analysts expect that PNC Financial Services Group Inc will post 11.35 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Tuesday, April 16th will be issued a dividend of $0.95 per share. The ex-dividend date is Monday, April 15th. This represents a $3.80 dividend on an annualized basis and a yield of 2.77%. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 35.48%.

PNC has been the topic of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of PNC Financial Services Group to $150.00 and set an “average” rating on the stock in a report on Thursday, January 17th. Bank of America lowered shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Goldman Sachs Group lowered shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $154.00 to $144.00 in a report on Monday, January 7th. Morgan Stanley decreased their target price on shares of PNC Financial Services Group from $147.00 to $135.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Finally, Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 6th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $143.63.

In other PNC Financial Services Group news, insider Joseph E. Rockey sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $135.00, for a total transaction of $810,000.00. Following the sale, the insider now directly owns 24,747 shares in the company, valued at approximately $3,340,845. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martin Pfinsgraff acquired 500 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was purchased at an average cost of $125.69 per share, for a total transaction of $62,845.00. The disclosure for this purchase can be found here. 0.37% of the stock is owned by corporate insiders.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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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