The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Cambridge Trust Co.

Cambridge Trust Co. grew its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,944 shares of the financial services provider's stock after purchasing an additional 10,704 shares during the period. Cambridge Trust Co.'s holdings in The PNC Financial Services Group were worth $13,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in The PNC Financial Services Group by 6.7% in the third quarter. FMR LLC now owns 14,326,630 shares of the financial services provider's stock worth $1,758,880,000 after purchasing an additional 893,808 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of The PNC Financial Services Group by 7.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,070,513 shares of the financial services provider's stock valued at $2,064,357,000 after buying an additional 860,489 shares during the period. Geode Capital Management LLC increased its stake in shares of The PNC Financial Services Group by 2.4% during the first quarter. Geode Capital Management LLC now owns 7,219,084 shares of the financial services provider's stock valued at $915,146,000 after buying an additional 171,876 shares during the period. Invesco Ltd. increased its stake in shares of The PNC Financial Services Group by 10.4% during the third quarter. Invesco Ltd. now owns 5,164,321 shares of the financial services provider's stock valued at $634,024,000 after buying an additional 484,475 shares during the period. Finally, Northern Trust Corp increased its stake in shares of The PNC Financial Services Group by 2.0% during the third quarter. Northern Trust Corp now owns 4,702,020 shares of the financial services provider's stock valued at $577,267,000 after buying an additional 93,636 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PNC shares. Morgan Stanley raised their price target on The PNC Financial Services Group from $142.00 to $158.00 and gave the company an "underweight" rating in a research note on Tuesday, January 30th. The Goldman Sachs Group raised their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the company a "neutral" rating in a research note on Monday, April 1st. HSBC raised The PNC Financial Services Group from a "reduce" rating to a "hold" rating and raised their price objective for the company from $141.00 to $155.00 in a research report on Thursday, March 28th. Jefferies Financial Group dropped their price objective on The PNC Financial Services Group from $171.00 to $162.00 and set a "hold" rating on the stock in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $152.00 price objective on shares of The PNC Financial Services Group in a research report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, The PNC Financial Services Group presently has an average rating of "Hold" and an average target price of $156.63.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group 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 document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by company insiders.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $0.57 during trading on Thursday, hitting $147.82. The stock had a trading volume of 1,352,894 shares, compared to its average volume of 2,145,106. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $162.24. The stock has a market capitalization of $58.80 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a 50-day simple moving average of $151.80 and a two-hundred day simple moving average of $141.68.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $0.01. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm had revenue of $5.15 billion during the quarter, compared to analysts' expectations of $5.19 billion. During the same period last year, the business posted $3.98 earnings per share. The company's revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities research analysts expect that The PNC Financial Services Group, Inc. will post 12.42 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. Investors of record on Monday, April 15th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio is currently 52.06%.

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.