The PNC Financial Services Group, Inc (NYSE:PNC) Shares Bought by ORG Partners LLC

ORG Partners LLC grew its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 28.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,599 shares of the financial services provider's stock after purchasing an additional 1,467 shares during the period. ORG Partners LLC's holdings in The PNC Financial Services Group were worth $1,152,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Transcend Capital Advisors LLC increased its stake in The PNC Financial Services Group by 1.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 3,197 shares of the financial services provider's stock worth $616,000 after buying an additional 55 shares during the period. Quadrant Capital Group LLC grew its stake in shares of 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 valued at $1,288,000 after acquiring an additional 59 shares in the last quarter. True Wealth Design LLC increased its position in shares of 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 last quarter. Dynasty Wealth Management LLC lifted its stake in shares of The PNC Financial Services Group by 4.5% in the fourth quarter. Dynasty Wealth Management LLC now owns 1,477 shares of the financial services provider's stock worth $285,000 after acquiring an additional 64 shares in the last quarter. Finally, Metis Global Partners LLC boosted its holdings in The PNC Financial Services Group by 0.4% in the fourth quarter. Metis Global Partners LLC now owns 18,585 shares of the financial services provider's stock valued at $3,584,000 after purchasing an additional 67 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Martin Pfinsgraff bought 1,000 shares of The PNC Financial Services Group stock in a transaction on Friday, April 25th. The stock was purchased at an average cost of $158.22 per share, with a total value of $158,220.00. Following the purchase, the director now directly owns 2,009 shares of the company's stock, valued at approximately $317,863.98. This trade represents a 99.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $174.78, for a total value of $217,076.76. Following the sale, the chief executive officer now directly owns 564,815 shares in the company, valued at approximately $98,718,365.70. This trade represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,670 shares of company stock valued at $2,099,398 over the last three months. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

PNC has been the topic of several analyst reports. Wells Fargo & Company dropped their price objective on 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. Barclays dropped their price target on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. 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 decreased their price objective 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, HSBC raised shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and dropped their target price for the stock from $206.00 to $202.00 in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $202.67.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $175.09 on Friday. The company has a market cap of $69.26 billion, a PE ratio of 12.37, a P/E/G ratio of 1.47 and a beta of 1.06. 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 firm has a 50-day simple moving average of $168.58 and a 200 day simple moving average of $181.37. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.08.

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, beating 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%. On average, sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were paid 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 3.66%. The PNC Financial Services Group's payout ratio is currently 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.

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