Leeward Financial Partners LLC Buys New Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Leeward Financial Partners LLC bought a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,507 shares of the financial services provider's stock, valued at approximately $2,401,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNC. BKM Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group during the fourth quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider's stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Fortitude Family Office LLC acquired a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $28,000. OFI Invest Asset Management acquired a new position in shares of The PNC Financial Services Group in the third quarter worth about $25,000. Finally, Tyler Stone Wealth Management acquired a new position in shares of The PNC Financial Services Group in the second quarter worth about $29,000. Institutional investors and hedge funds own 83.53% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Odeon Capital Group upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $153.38 price target on the stock in a research note on Thursday, December 14th. Keefe, Bruyette & Woods boosted their price target on The PNC Financial Services Group from $145.00 to $152.00 and gave the stock an "underperform" rating in a research note on Friday, April 5th. UBS Group boosted their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a "neutral" rating in a research note on Thursday, January 18th. Morgan Stanley boosted their price target on The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an "underweight" rating in a research note on Tuesday, January 30th. Finally, HSBC raised The PNC Financial Services Group from a "reduce" rating to a "hold" rating and boosted their price objective for the company from $141.00 to $155.00 in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $157.37.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded down $6.30 during trading on Wednesday, hitting $155.10. 1,827,139 shares of the company traded hands, compared to its average volume of 2,163,377. The stock has a market capitalization of $61.70 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.85 and a beta of 1.18. The business's fifty day moving average is $151.50 and its 200-day moving average is $140.62. The PNC Financial Services Group, Inc. has a one year low of $109.40 and a one year high of $162.24. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The business's revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.49 earnings per share. As a group, equities analysts predict that The PNC Financial Services Group, Inc. will post 12.46 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be given a dividend of $1.55 per share. The ex-dividend date is Friday, April 12th. This represents a $6.20 annualized dividend and a dividend yield of 4.00%. The PNC Financial Services Group's dividend payout ratio is presently 48.48%.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the transaction, the executive vice president now directly owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company's stock.

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.

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