Aurdan Capital Management LLC Invests $741,000 in The PNC Financial Services Group, Inc. (NYSE:PNC)

Aurdan Capital Management LLC acquired a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,841 shares of the financial services provider's stock, valued at approximately $741,000.

Other hedge funds have also recently bought and sold shares of the company. Richardson Financial Services Inc. increased its holdings in shares of The PNC Financial Services Group by 2,333.3% in the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares during the period. Synergy Asset Management LLC bought a new stake in The PNC Financial Services Group during the fourth quarter worth approximately $32,000. Rialto Wealth Management LLC acquired a new position in The PNC Financial Services Group in the 4th quarter valued at $32,000. Whipplewood Advisors LLC bought a new position in The PNC Financial Services Group in the 4th quarter worth approximately $33,000. Finally, Financial Life Planners acquired a new stake in The PNC Financial Services Group during the fourth quarter worth $37,000. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $178.83, for a total value of $222,106.86. Following the completion of the sale, the chief executive officer now directly owns 568,541 shares in the company, valued at approximately $101,672,187.03. This trade represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kieran John Fallon sold 1,492 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $174.56, for a total value of $260,443.52. Following the completion of the sale, the executive vice president now owns 20,490 shares in the company, valued at $3,576,734.40. This represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,638 shares of company stock valued at $2,983,901 in the last quarter. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PNC shares. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $206.00 to $202.00 in a research report on Monday, March 31st. Hsbc Global Res raised The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Citigroup cut their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Royal Bank of Canada reduced their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $202.67.

The PNC Financial Services Group Stock Down 1.3%

The PNC Financial Services Group stock traded down $2.22 during mid-day trading on Wednesday, reaching $174.02. The company's stock had a trading volume of 1,591,519 shares, compared to its average volume of 2,054,956. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The business's 50 day simple moving average is $165.14 and its 200 day simple moving average is $185.22. The company has a market capitalization of $68.84 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The PNC Financial Services Group, Inc. has a 12 month low of $145.12 and a 12 month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $5.50 billion. As a group, research 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 company also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date was Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio 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.