The PNC Financial Services Group, Inc (NYSE:PNC) Position Raised by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 243,778 shares of the financial services provider's stock after buying an additional 2,893 shares during the quarter. The PNC Financial Services Group accounts for approximately 2.8% of Guyasuta Investment Advisors Inc.'s holdings, making the stock its 9th biggest holding. Guyasuta Investment Advisors Inc. owned about 0.06% of The PNC Financial Services Group worth $42,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock worth $779,000 after acquiring an additional 984 shares during the period. Bryn Mawr Capital Management LLC increased its stake in shares of The PNC Financial Services Group by 4.5% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 2,243 shares of the financial services provider's stock worth $423,000 after purchasing an additional 96 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 2.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 6,571 shares of the financial services provider's stock worth $1,267,000 after buying an additional 158 shares during the period. Bradley Foster & Sargent Inc. CT boosted its holdings in The PNC Financial Services Group by 16.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 11,694 shares of the financial services provider's stock valued at $2,255,000 after purchasing an additional 1,645 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of 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 acquiring an additional 55 shares during the period. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 0.3%

Shares of NYSE PNC traded up $0.53 during midday trading on Wednesday, reaching $182.55. The stock had a trading volume of 2,402,015 shares, compared to its average volume of 2,082,264. The company's 50 day moving average price is $170.16 and its 200 day moving average price is $180.59. The firm has a market cap of $72.21 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 1.53 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, Inc has a twelve month low of $145.12 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share 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 net margin of 17.68% and a return on equity of 10.95%. As a group, sell-side analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.51%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 45.20%.

Analyst Ratings Changes

PNC has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target 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. Keefe, Bruyette & Woods reduced their price target on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating for the company in a report on Wednesday, April 16th. Citigroup lowered their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group dropped their price target on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, 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 report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $202.67.

Insider Buying and Selling at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $179.14, for a total value of $222,491.88. Following the completion of the sale, the chief executive officer now owns 556,121 shares in the company, valued at $99,623,515.94. This represents a 0.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kieran John Fallon sold 1,492 shares of the business's stock in a transaction dated Monday, May 12th. The stock was 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 directly owns 20,490 shares in the company, valued at $3,576,734.40. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,670 shares of company stock worth $2,099,398. 0.41% of the stock is owned by corporate insiders.

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.