Eagle Wealth Strategies LLC Has $637,000 Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Eagle Wealth Strategies LLC raised its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 81.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,624 shares of the financial services provider's stock after purchasing an additional 1,626 shares during the quarter. The PNC Financial Services Group makes up approximately 0.4% of Eagle Wealth Strategies LLC's investment portfolio, making the stock its 28th largest holding. Eagle Wealth Strategies LLC's holdings in The PNC Financial Services Group were worth $637,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PNC. Rialto Wealth Management LLC acquired a new stake in The PNC Financial Services Group during the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in The PNC Financial Services Group during the fourth quarter worth approximately $33,000. REAP Financial Group LLC grew its stake in The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after purchasing an additional 80 shares during the period. Hoey Investments Inc. acquired a new stake in The PNC Financial Services Group during the fourth quarter worth approximately $39,000. Finally, True Wealth Design LLC grew its stake in The PNC Financial Services Group by 41.5% during the fourth quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 2.3%

PNC stock opened at $178.72 on Friday. The PNC Financial Services Group, Inc. has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The stock's 50 day moving average is $165.16 and its 200-day moving average is $183.42. The firm has a market capitalization of $70.70 billion, a PE ratio of 13.00, a P/E/G ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, beating 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 analyst estimates of $5.50 billion. Sell-side analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were issued a dividend of $1.60 per share. The ex-dividend date was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.58%. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 45.20%.

Insider Buying and Selling

In related news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, May 16th. The stock was sold at an average price of $179.14, for a total transaction of $222,491.88. Following the sale, the chief executive officer now directly owns 556,121 shares in the company, valued at approximately $99,623,515.94. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kieran John Fallon sold 1,492 shares of The PNC Financial Services Group stock in a transaction on Monday, May 12th. The stock was sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president now owns 20,490 shares in the company, valued at $3,576,734.40. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,154 shares of company stock worth $2,525,591. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PNC shares. Citigroup decreased their target price on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Wells Fargo & Company dropped their price objective on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Morgan Stanley dropped their price objective on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada dropped their price objective 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. Finally, Keefe, Bruyette & Woods reduced their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $202.67.

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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