Nisa Investment Advisors LLC Has $27.03 Million Stake in PNC Financial Services Group Inc (NYSE:PNC)

Nisa Investment Advisors LLC lessened its stake in PNC Financial Services Group Inc (NYSE:PNC) by 4.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 220,331 shares of the financial services provider’s stock after selling 11,319 shares during the period. Nisa Investment Advisors LLC’s holdings in PNC Financial Services Group were worth $27,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its position in PNC Financial Services Group by 1.3% during the fourth quarter. BlackRock Inc. now owns 27,642,474 shares of the financial services provider’s stock worth $3,231,680,000 after buying an additional 341,904 shares during the period. FMR LLC grew its position in PNC Financial Services Group by 32.7% during the fourth quarter. FMR LLC now owns 10,859,988 shares of the financial services provider’s stock worth $1,269,641,000 after buying an additional 2,677,895 shares during the period. Oregon Public Employees Retirement Fund grew its position in PNC Financial Services Group by 11,450.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,000,055 shares of the financial services provider’s stock worth $51,000 after buying an additional 5,948,109 shares during the period. Geode Capital Management LLC grew its position in PNC Financial Services Group by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 5,547,745 shares of the financial services provider’s stock worth $647,356,000 after buying an additional 323,714 shares during the period. Finally, Northern Trust Corp grew its position in PNC Financial Services Group by 1.4% during the fourth quarter. Northern Trust Corp now owns 5,341,413 shares of the financial services provider’s stock worth $624,465,000 after buying an additional 71,882 shares during the period. Hedge funds and other institutional investors own 82.20% of the company’s stock.

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

NYSE:PNC opened at $131.94 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. The company has a market cap of $62.19 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.59 and a beta of 1.09. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $152.29.

PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Friday, April 12th. The financial services provider reported $2.61 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.61. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. The business had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm posted $2.43 EPS. On average, equities analysts predict that PNC Financial Services Group Inc will post 11.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Stockholders of record on Tuesday, April 16th were paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Monday, April 15th. PNC Financial Services Group’s dividend payout ratio is presently 35.48%.

Several brokerages have weighed in on PNC. ValuEngine upgraded shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Morgan Stanley upped their target price on shares of PNC Financial Services Group from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Barclays increased their price target on shares of PNC Financial Services Group from $156.00 to $157.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 6th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $143.63.

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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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