Wealth Management Partners LLC Invests $678,000 in The PNC Financial Services Group, Inc. (NYSE:PNC)

Wealth Management Partners LLC purchased a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,855 shares of the financial services provider's stock, valued at approximately $678,000.

Several other institutional investors have also recently made changes to their positions in PNC. Rialto Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth $32,000. Whipplewood Advisors LLC acquired a new position in The PNC Financial Services Group during the fourth quarter worth $33,000. REAP Financial Group LLC lifted its stake in shares of The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after buying an additional 80 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $39,000. Finally, True Wealth Design LLC grew its holdings 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 valued at $39,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PNC shares. JPMorgan Chase & Co. lowered their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley lowered their price objective on The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. Citigroup dropped their target price on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Keefe, Bruyette & Woods decreased their price target on 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. Finally, The Goldman Sachs Group dropped their price objective on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $202.67.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $178.83, for a total value of $222,106.86. Following the completion of the transaction, the chief executive officer now directly owns 568,541 shares in the company, valued at approximately $101,672,187.03. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Pfinsgraff bought 1,000 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $158.22 per share, for a total transaction of $158,220.00. Following the acquisition, the director now directly owns 2,009 shares in the company, valued at $317,863.98. This trade represents a 99.11% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 16,396 shares of company stock worth $2,747,698. 0.41% of the stock is owned by corporate insiders.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock traded down $0.20 on Thursday, reaching $174.66. 1,552,171 shares of the company traded hands, compared to its average volume of 2,056,229. The company has a 50 day moving average of $165.10 and a 200 day moving average of $183.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The PNC Financial Services Group, Inc. has a 52 week low of $145.12 and a 52 week high of $216.26. The firm has a market capitalization of $69.09 billion, a PE ratio of 12.70, a PEG ratio of 1.55 and a beta of 1.06.

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, beating analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.50 billion. Equities analysts forecast 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. Stockholders of record on Wednesday, April 16th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group's payout ratio is currently 45.20%.

The PNC Financial Services Group Company 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.