The PNC Financial Services Group, Inc (NYSE:PNC) Shares Sold by Jmac Enterprises LLC

Jmac Enterprises LLC lessened its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 33.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,300 shares of the financial services provider's stock after selling 3,590 shares during the period. Jmac Enterprises LLC's holdings in The PNC Financial Services Group were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PNC. Brighton Jones LLC boosted its stake in 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 acquiring an additional 984 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in The PNC Financial Services Group by 2.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,571 shares of the financial services provider's stock valued at $1,267,000 after acquiring an additional 158 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in The PNC Financial Services Group by 1.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 3,197 shares of the financial services provider's stock valued at $616,000 after acquiring an additional 55 shares in the last quarter. Pinnacle Financial Partners Inc boosted its stake in The PNC Financial Services Group by 9.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 4,410 shares of the financial services provider's stock valued at $833,000 after acquiring an additional 363 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in The PNC Financial Services Group by 61.2% in the fourth quarter. First Horizon Advisors Inc. now owns 18,811 shares of the financial services provider's stock valued at $3,628,000 after acquiring an additional 7,141 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 1.3%

Shares of NYSE PNC opened at $177.61 on Monday. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The firm's 50 day moving average price is $169.10 and its 200 day moving average price is $180.78. The firm has a market cap of $70.26 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.81 and a current ratio of 0.81.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. As a group, sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were issued a $1.60 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.60%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 45.20%.

Analysts Set New Price Targets

PNC has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Citigroup reduced their target price on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a 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 for the company in a report 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. Finally, Royal Bank Of Canada reduced their target price 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. Two analysts have rated the stock with a sell rating, six have given 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 presently has a consensus rating of "Moderate Buy" and an average target price of $202.67.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction 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 transaction, the chief executive officer now owns 564,815 shares in the company, valued at $98,718,365.70. This trade represents a 0.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $174.56, for a total transaction of $260,443.52. Following the completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 12,670 shares of company stock worth $2,099,398 in the last quarter. 0.41% of the stock is owned by insiders.

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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