Certuity LLC Buys 101,120 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Certuity LLC lifted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 3,623.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 103,911 shares of the financial services provider's stock after purchasing an additional 101,120 shares during the period. The PNC Financial Services Group comprises 1.6% of Certuity LLC's holdings, making the stock its 16th biggest position. Certuity LLC's holdings in The PNC Financial Services Group were worth $16,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OFI Invest Asset Management purchased a new stake in shares of The PNC Financial Services Group in the third quarter worth about $25,000. BKM Wealth Management LLC purchased a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at approximately $26,000. Tennessee Valley Asset Management Partners purchased a new stake in The PNC Financial Services Group in the 4th quarter worth $26,000. Fortitude Family Office LLC acquired a new position in The PNC Financial Services Group during the fourth quarter worth $28,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its holdings in The PNC Financial Services Group by 350.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock traded down $2.52 on Tuesday, hitting $153.26. The stock had a trading volume of 1,632,428 shares, compared to its average volume of 2,098,268. The stock has a market cap of $60.97 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.76 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24. The company's 50 day moving average price is $153.03 and its 200 day moving average price is $144.00.

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 EPS for the quarter, topping analysts' consensus estimates of $3.09 by $0.01. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the firm earned $3.98 EPS. The PNC Financial Services Group's quarterly revenue was down 8.2% on a year-over-year basis. On average, research analysts anticipate that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be issued a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 52.06%.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the company's 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 transaction, the executive vice president now owns 36,570 shares of the company's stock, valued at $5,442,347.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

PNC has been the subject of several research reports. The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $151.00 to $168.00 and gave the stock a "neutral" rating in a research report on Monday, April 1st. Wells Fargo & Company increased their price objective on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an "overweight" rating in a report on Thursday, March 28th. Jefferies Financial Group lowered their target price on The PNC Financial Services Group from $171.00 to $162.00 and set a "hold" rating on the stock in a report on Wednesday, April 17th. Evercore ISI reduced their price objective on The PNC Financial Services Group from $184.00 to $175.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 17th. Finally, Morgan Stanley raised their price objective on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an "underweight" rating in a research report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and a consensus target price of $156.63.

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.