MetLife Investment Management LLC Has $20.25 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

MetLife Investment Management LLC increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 105,025 shares of the financial services provider's stock after buying an additional 1,673 shares during the period. MetLife Investment Management LLC's holdings in The PNC Financial Services Group were worth $20,254,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of PNC. Winch Advisory Services LLC bought a new position in The PNC Financial Services Group during the 4th quarter worth $25,000. Richardson Financial Services Inc. lifted its position in The PNC Financial Services Group by 2,333.3% in the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Albion Financial Group UT acquired a new position in The PNC Financial Services Group during the 4th quarter valued at about $30,000. Synergy Asset Management LLC bought a new position in The PNC Financial Services Group in the 4th quarter worth about $32,000. Finally, Rialto Wealth Management LLC bought a new position in The PNC Financial Services Group in the 4th quarter worth about $32,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC traded down $1.49 during trading hours on Friday, reaching $158.26. The stock had a trading volume of 465,874 shares, compared to its average volume of 1,989,559. The company has a market cap of $62.63 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.55 and a beta of 1.04. 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 business's fifty day moving average is $170.50 and its two-hundred day moving average is $188.40. 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 posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. As a group, research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be given a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.04%. The PNC Financial Services Group's payout ratio is currently 45.20%.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 601 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $160.00, for a total value of $96,160.00. Following the transaction, the chief executive officer now owns 563,573 shares of the company's stock, valued at approximately $90,171,680. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 11,218 shares of company stock worth $1,980,335 over the last three months. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PNC. The Goldman Sachs Group reduced their price objective on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup cut their price objective 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. Hsbc Global Res upgraded shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. JPMorgan Chase & Co. cut their price objective on 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. Finally, Stephens reiterated an "equal weight" rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of "Hold" and an average price target of $200.88.

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.