The PNC Financial Services Group, Inc (NYSE:PNC) Stock Position Lifted by Financiere des Professionnels Fonds d investissement inc.

Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 61.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,494 shares of the financial services provider's stock after purchasing an additional 5,133 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in The PNC Financial Services Group were worth $2,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PNC. Quadrant Capital Group LLC raised its stake in The PNC Financial Services Group by 0.9% during the fourth quarter. Quadrant Capital Group LLC now owns 6,679 shares of the financial services provider's stock worth $1,288,000 after acquiring an additional 59 shares during the period. True Wealth Design LLC raised 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 acquiring an additional 59 shares during the period. Sandy Spring Bank raised its position in shares of The PNC Financial Services Group by 1.4% during the 4th quarter. Sandy Spring Bank now owns 4,901 shares of the financial services provider's stock worth $945,000 after purchasing an additional 67 shares during the period. KCM Investment Advisors LLC raised its position in shares of The PNC Financial Services Group by 3.9% during the 4th quarter. KCM Investment Advisors LLC now owns 1,828 shares of the financial services provider's stock worth $353,000 after purchasing an additional 68 shares during the period. Finally, Spire Wealth Management raised its position in shares of The PNC Financial Services Group by 2.2% during the 1st quarter. Spire Wealth Management now owns 3,257 shares of the financial services provider's stock worth $573,000 after purchasing an additional 69 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

Shares of PNC traded down $0.61 during mid-day trading on Friday, hitting $195.10. The company's stock had a trading volume of 1,863,484 shares, compared to its average volume of 2,113,925. The firm has a 50-day moving average price of $175.83 and a 200 day moving average price of $179.98. The stock has a market capitalization of $77.18 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 1.66 and a beta of 1.07. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.81. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26.

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 (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.04. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. On average, research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th will be given a $1.70 dividend. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.49%. The PNC Financial Services Group's dividend payout ratio (DPR) is 45.20%.

Insider Transactions at The PNC Financial Services Group

In other news, Director Martin Pfinsgraff acquired 1,000 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $158.22 per share, for a total transaction of $158,220.00. Following the transaction, the director owned 2,009 shares in the company, valued at approximately $317,863.98. This trade represents a 99.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred 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 transaction, the chief executive officer owned 556,121 shares in the company, valued at approximately $99,623,515.94. The trade was a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,787 shares of company stock valued at $1,782,794 over the last ninety days. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

PNC has been the topic of a number of research reports. Morgan Stanley dropped their price target on The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup dropped their price objective on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Hsbc Global Res raised shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Royal Bank Of Canada dropped their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group raised their price target on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and an average target price of $206.35.

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.