Raymond James Financial Services Advisors Inc. Has $31.85 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Raymond James Financial Services Advisors Inc. lifted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,077 shares of the financial services provider's stock after purchasing an additional 49,285 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in The PNC Financial Services Group were worth $31,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BKM Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth approximately $26,000. Tennessee Valley Asset Management Partners acquired a new position in The PNC Financial Services Group in the 4th quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of The PNC Financial Services Group by 350.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider's stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth $28,000. Finally, Fortis Group Advisors LLC raised its stake in The PNC Financial Services Group by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 0.4 %

Shares of NYSE PNC traded up $0.68 during trading on Wednesday, hitting $153.94. 1,436,631 shares of the company traded hands, compared to its average volume of 2,090,391. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The business's fifty day moving average is $153.18 and its 200 day moving average is $144.07. The firm has a market capitalization of $61.24 billion, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.76 and a beta of 1.18. The PNC Financial Services Group, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $162.24.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The company's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.98 earnings per share. Equities research analysts predict that The PNC Financial Services Group, Inc. will post 12.65 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. Shareholders of record on Monday, April 15th will be paid a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio (DPR) is 52.06%.

Insider Activity

In related news, EVP Michael J. Hannon sold 3,000 shares of the company's stock in a transaction dated Monday, February 12th. The shares were 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 approximately $5,442,347.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on PNC shares. Jefferies Financial Group decreased their target price on shares of 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. The Goldman Sachs Group raised 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. 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 report on Thursday, January 18th. Wells Fargo & Company raised their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $152.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $157.02.

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.

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