OneDigital Investment Advisors LLC Raises Stock Holdings in The PNC Financial Services Group, Inc (NYSE:PNC)

OneDigital Investment Advisors LLC grew its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,240 shares of the financial services provider's stock after purchasing an additional 1,616 shares during the period. OneDigital Investment Advisors LLC's holdings in The PNC Financial Services Group were worth $1,448,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after buying an additional 984 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in The PNC Financial Services Group during the fourth quarter worth $37,587,000. Edgestream Partners L.P. purchased a new stake in The PNC Financial Services Group during the fourth quarter worth $627,000. Rialto Wealth Management LLC purchased a new stake in The PNC Financial Services Group during the fourth quarter worth $32,000. Finally, Personal CFO Solutions LLC boosted its position in The PNC Financial Services Group by 6.6% during the fourth quarter. Personal CFO Solutions LLC now owns 3,804 shares of the financial services provider's stock worth $734,000 after purchasing an additional 234 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

Wall Street Analyst Weigh In

PNC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on 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. Keefe, Bruyette & Woods decreased their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a research note on Wednesday, April 16th. Citigroup dropped their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Barclays reduced their target price on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Finally, TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $207.11.

Insider Activity

In other news, EVP Kieran John Fallon sold 1,492 shares of the stock in a transaction dated Monday, May 12th. The stock was 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 owned 20,490 shares in the company, valued at approximately $3,576,734.40. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $169.75, for a total value of $210,829.50. Following the completion of the sale, the chief executive officer owned 554,879 shares of the company's stock, valued at approximately $94,190,710.25. This trade represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,787 shares of company stock worth $1,782,794. 0.41% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Trading Up 1.0%

NYSE:PNC traded up $1.97 on Tuesday, hitting $198.22. 4,366,480 shares of the stock were exchanged, compared to its average volume of 2,406,115. The stock has a market cap of $78.41 billion, a PE ratio of 14.00, a PEG ratio of 1.66 and a beta of 1.07. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.08. The stock has a fifty day moving average of $176.56 and a 200-day moving average of $179.94. 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 announced its quarterly 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 analyst estimates of $5.50 billion. The PNC Financial Services Group had a return on equity of 10.95% and a net margin of 17.68%. As a group, equities analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's dividend payout ratio (DPR) is 45.20%.

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.