Financial Management Professionals Inc. Has $347,000 Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Financial Management Professionals Inc. boosted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 15.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,149 shares of the financial services provider’s stock after purchasing an additional 286 shares during the quarter. Financial Management Professionals Inc.’s holdings in The PNC Financial Services Group were worth $347,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC boosted its stake in The PNC Financial Services Group by 27.6% during the first quarter. Kathmere Capital Management LLC now owns 5,420 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 1,172 shares in the last quarter. Capital Asset Advisory Services LLC boosted its position in shares of The PNC Financial Services Group by 9.8% during the 1st quarter. Capital Asset Advisory Services LLC now owns 13,541 shares of the financial services provider’s stock worth $2,131,000 after purchasing an additional 1,207 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of The PNC Financial Services Group by 124.2% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 5,137 shares of the financial services provider’s stock valued at $830,000 after buying an additional 2,846 shares during the period. 180 Wealth Advisors LLC increased its position in The PNC Financial Services Group by 3.3% in the 1st quarter. 180 Wealth Advisors LLC now owns 19,354 shares of the financial services provider’s stock valued at $3,128,000 after buying an additional 617 shares in the last quarter. Finally, Thrive Wealth Management LLC boosted its holdings in The PNC Financial Services Group by 3.4% in the first quarter. Thrive Wealth Management LLC now owns 4,899 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 162 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PNC shares. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and increased their target price for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. lowered their target price on shares of The PNC Financial Services Group from $163.50 to $163.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Jefferies Financial Group cut their price target on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Bank of America increased their price objective on The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI raised their target price on The PNC Financial Services Group from $180.00 to $184.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus price target of $158.43.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $155.48 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The PNC Financial Services Group, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $162.24. The stock has a market cap of $61.87 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.16. The stock has a fifty day moving average of $155.18 and a 200-day moving average of $152.91.

The PNC Financial Services Group (NYSE:PNC) last posted 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 business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.98 EPS. Equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 12.63 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, May 5th. Stockholders of record on Monday, April 15th were issued a $1.55 dividend. The ex-dividend date was Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 3.99%. The PNC Financial Services Group’s payout ratio is currently 52.06%.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 641 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $153.19, for a total value of $98,194.79. Following the transaction, the chief executive officer now directly owns 568,323 shares in the company, valued at approximately $87,061,400.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other The PNC Financial Services Group news, CEO William S. Demchak sold 641 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $153.19, for a total value of $98,194.79. Following the completion of the transaction, the chief executive officer now owns 568,323 shares of the company’s stock, valued at approximately $87,061,400.37. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Richard Kevin Bynum sold 850 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total transaction of $132,489.50. Following the sale, the executive vice president now owns 3,502 shares in the company, valued at approximately $545,856.74. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

About The PNC Financial Services Group

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.