The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc trimmed its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 95.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 13,541 shares of the financial services provider's stock after selling 290,131 shares during the quarter. Impax Asset Management Group plc's holdings in The PNC Financial Services Group were worth $2,097,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in The PNC Financial Services Group during the 3rd quarter valued at $25,000. BKM Wealth Management LLC purchased a new position in The PNC Financial Services Group during the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC bought a new stake in The PNC Financial Services Group in the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC grew its position in 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. Finally, DHJJ Financial Advisors Ltd. bought a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $29,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group upped their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a "neutral" rating in a report on Thursday, January 18th. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a "neutral" rating in a research note on Monday, April 1st. Evercore ISI raised their price target on shares of The PNC Financial Services Group from $180.00 to $184.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Wells Fargo & Company lifted their price target on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Finally, Odeon Capital Group raised The PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $153.38 price objective for the company in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of "Hold" and a consensus price target of $157.76.

The PNC Financial Services Group Trading Down 0.6 %

Shares of PNC stock traded down $0.95 during trading on Thursday, hitting $154.08. 1,360,464 shares of the stock traded hands, compared to its average volume of 2,151,914. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The firm has a market capitalization of $61.29 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The firm's fifty day moving average price is $151.58 and its 200-day moving average price is $140.73. 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 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $1.04. The company had revenue of $5.36 billion for 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 company's revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.49 earnings per share. As a group, research analysts forecast that The PNC Financial Services Group, Inc. will post 12.46 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio is presently 48.48%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 owns 36,570 shares of the company's stock, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company's stock.

The PNC Financial Services Group 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.