MassMutual Private Wealth & Trust FSB Purchases 2,448 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

MassMutual Private Wealth & Trust FSB boosted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,436 shares of the financial services provider's stock after buying an additional 2,448 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in The PNC Financial Services Group were worth $6,053,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. 111 Capital acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at approximately $672,000. NorthCrest Asset Manangement LLC increased its holdings in shares of The PNC Financial Services Group by 7.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 4,245 shares of the financial services provider's stock valued at $819,000 after purchasing an additional 302 shares during the period. Park Square Financial Group LLC acquired a new position in shares of The PNC Financial Services Group during the fourth quarter valued at $68,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in The PNC Financial Services Group during the 4th quarter valued at about $48,559,000. Finally, Brooklyn FI LLC acquired a new position in The PNC Financial Services Group during the 4th quarter valued at about $410,000. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Down 0.7%

Shares of NYSE PNC traded down $1.24 during trading hours on Friday, hitting $173.86. The stock had a trading volume of 4,161,391 shares, compared to its average volume of 2,055,281. The company has a market capitalization of $68.77 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.55 and a beta of 1.06. The firm's 50-day moving average price is $165.07 and its two-hundred day moving average price is $184.65. The PNC Financial Services Group, Inc. has a 52 week low of $145.12 and a 52 week high of $216.26. 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 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 EPS for the quarter, topping the consensus estimate of $3.47 by $0.04. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. Analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were issued 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 presently 45.20%.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Kieran John Fallon sold 1,492 shares of the firm's stock in a transaction 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 transaction, the executive vice president now directly owns 20,490 shares in the company, valued at approximately $3,576,734.40. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $171.15, for a total transaction of $212,568.30. Following the sale, the chief executive officer now owns 567,299 shares of the company's stock, valued at $97,093,223.85. This trade represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,396 shares of company stock worth $2,747,698. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on PNC. JPMorgan Chase & Co. lowered 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 research note on Thursday, April 3rd. TD Cowen initiated coverage on The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 target price on the stock. HSBC raised shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $206.00 to $202.00 in a research note on Monday, March 31st. Wells Fargo & Company decreased their price target on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Royal Bank of Canada decreased 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 report on Wednesday, April 16th. Two equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $202.67.

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.