Benjamin F. Edwards & Company Inc. Has $2.87 Million Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Benjamin F. Edwards & Company Inc. boosted its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,552 shares of the financial services provider's stock after acquiring an additional 7,435 shares during the period. Benjamin F. Edwards & Company Inc.'s holdings in The PNC Financial Services Group were worth $2,872,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PNC. OFI Invest Asset Management bought a new position in shares of The PNC Financial Services Group in the third quarter valued at approximately $25,000. BKM Wealth Management LLC bought a new stake in The PNC Financial Services Group during the fourth quarter worth $26,000. Tennessee Valley Asset Management Partners bought a new stake in The PNC Financial Services Group during the fourth quarter worth $26,000. Fortitude Family Office LLC bought a new stake 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 worth $28,000 after acquiring an additional 140 shares during the period. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 0.3 %

Shares of PNC stock traded up $0.54 during trading hours on Friday, hitting $156.22. 1,141,551 shares of the company's stock traded hands, compared to its average volume of 1,722,543. The stock's fifty day simple moving average is $153.58 and its two-hundred day simple moving average is $144.79. 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 cap of $62.15 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.76 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.42.

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 for the quarter, beating the consensus estimate of $3.09 by $0.01. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The firm's quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $3.98 earnings per share. On average, analysts expect that The PNC Financial Services Group, Inc. will post 12.64 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company 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 dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 52.06%.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the firm'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 completion of the sale, 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 available through this hyperlink. 0.42% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PNC shares. Evercore ISI lowered their price target on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an "outperform" rating on the stock in a report on Wednesday, April 17th. Jefferies Financial Group cut their price target on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a "hold" rating for the company in a report on Wednesday, April 17th. The Goldman Sachs Group raised their target price on shares of 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. Bank of America increased their target price on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a "neutral" rating in a research note on Wednesday, April 17th. Finally, UBS Group raised their price objective on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a "neutral" rating in a research note on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $157.02.

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.