Ameriprise Financial Inc. Has $922.42 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Ameriprise Financial Inc. lowered its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,783,096 shares of the financial services provider's stock after selling 48,505 shares during the period. Ameriprise Financial Inc. owned approximately 1.21% of The PNC Financial Services Group worth $922,423,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of The PNC Financial Services Group by 3.1% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 1,680 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 51 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in The PNC Financial Services Group by 2.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,248 shares of the financial services provider's stock valued at $434,000 after buying an additional 53 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in The PNC Financial Services Group by 1.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 3,197 shares of the financial services provider's stock worth $616,000 after buying an additional 55 shares during the period. Valmark Advisers Inc. boosted its holdings in The PNC Financial Services Group by 1.4% in the fourth quarter. Valmark Advisers Inc. now owns 4,010 shares of the financial services provider's stock worth $773,000 after acquiring an additional 56 shares in the last quarter. Finally, Gilbert & Cook Inc. grew its stake in The PNC Financial Services Group by 2.1% in the fourth quarter. Gilbert & Cook Inc. now owns 2,787 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 58 shares during the period. 83.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PNC has been the subject of several research reports. Barclays reduced their price target on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company reduced their price objective on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Royal Bank of Canada lowered their target price on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. cut their price target on The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $200.88.

Insider Activity at The PNC Financial Services Group

In related news, Director Martin Pfinsgraff bought 1,000 shares of the company's stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $158.22 per share, for a total transaction of $158,220.00. Following the completion of the transaction, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. The trade was a 99.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William S. Demchak sold 601 shares of The PNC Financial Services Group stock in a transaction on Monday, April 28th. The shares were sold at an average price of $160.00, for a total value of $96,160.00. Following the completion of the transaction, the chief executive officer now owns 559,847 shares of the company's stock, valued at approximately $89,575,520. This trade represents a 0.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,420 shares of company stock worth $2,119,361. 0.41% of the stock is owned by corporate insiders.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $165.54 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The stock has a fifty day simple moving average of $166.95 and a two-hundred day simple moving average of $187.35. The PNC Financial Services Group, Inc. has a 1-year low of $145.12 and a 1-year high of $216.26. The firm has a market cap of $65.51 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. Analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 45.20%.

The PNC Financial Services Group 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.

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