Sabal Trust CO Purchases 10,727 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Sabal Trust CO grew its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 163,634 shares of the financial services provider's stock after purchasing an additional 10,727 shares during the period. Sabal Trust CO's holdings in The PNC Financial Services Group were worth $25,339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sitrin Capital Management LLC bought a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $243,000. 180 Wealth Advisors LLC increased its holdings in The PNC Financial Services Group by 289.1% during the 4th quarter. 180 Wealth Advisors LLC now owns 18,737 shares of the financial services provider's stock worth $2,932,000 after purchasing an additional 13,922 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of The PNC Financial Services Group by 2.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,583 shares of the financial services provider's stock valued at $13,407,000 after acquiring an additional 2,002 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of The PNC Financial Services Group by 3.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 106,739 shares of the financial services provider's stock valued at $16,626,000 after acquiring an additional 3,897 shares in the last quarter. Finally, Smith Salley & Associates grew its holdings in shares of The PNC Financial Services Group by 2.9% in the fourth quarter. Smith Salley & Associates now owns 73,850 shares of the financial services provider's stock valued at $11,436,000 after acquiring an additional 2,078 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a "neutral" rating in a report on Monday, April 1st. HSBC raised The PNC Financial Services Group from a "reduce" rating to a "hold" rating and upped their target price for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Evercore ISI upped their target price on The PNC Financial Services Group from $180.00 to $184.00 and gave the company an "outperform" rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods upped their price objective on The PNC Financial Services Group from $145.00 to $152.00 and gave the company an "underperform" rating in a research note on Friday. Finally, UBS Group upped their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a "neutral" rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $154.62.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $0.49 during trading on Friday, hitting $157.37. 1,873,955 shares of the company were exchanged, compared to its average volume of 1,681,124. The company has a market cap of $62.60 billion, a PE ratio of 12.30, a P/E/G ratio of 1.81 and a beta of 1.18. The stock has a 50 day moving average of $151.21 and a 200 day moving average of $139.95. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the business posted $3.49 earnings per share. The business's quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts predict that The PNC Financial Services Group, Inc. will post 12.41 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Monday, April 15th will be given a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.94%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 48.48%.

Insider Buying and Selling

In related news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the sale, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by company insiders.

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.