Bogart Wealth LLC Sells 5,317 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Bogart Wealth LLC reduced its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,275 shares of the financial services provider's stock after selling 5,317 shares during the quarter. Bogart Wealth LLC's holdings in The PNC Financial Services Group were worth $11,037,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. IFM Investors Pty Ltd grew its position in The PNC Financial Services Group by 3.6% in the third quarter. IFM Investors Pty Ltd now owns 85,060 shares of the financial services provider's stock valued at $10,443,000 after acquiring an additional 2,979 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in The PNC Financial Services Group by 55.2% in the 3rd quarter. Waldron Private Wealth LLC now owns 4,193 shares of the financial services provider's stock valued at $514,000 after purchasing an additional 1,491 shares during the last quarter. Washington Capital Management Inc. acquired a new stake in The PNC Financial Services Group in the third quarter valued at approximately $1,214,000. Advisor Partners II LLC grew its stake in shares of The PNC Financial Services Group by 16.5% during the third quarter. Advisor Partners II LLC now owns 17,844 shares of the financial services provider's stock worth $2,191,000 after buying an additional 2,523 shares during the last quarter. Finally, ARS Wealth Advisors Group LLC increased its holdings in shares of The PNC Financial Services Group by 20.1% during the third quarter. ARS Wealth Advisors Group LLC now owns 6,006 shares of the financial services provider's stock worth $737,000 after buying an additional 1,004 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Down 0.1 %

Shares of PNC traded down $0.09 during trading hours on Thursday, hitting $157.12. The stock had a trading volume of 1,558,629 shares, compared to its average volume of 2,033,352. The firm has a 50 day simple moving average of $154.25 and a 200-day simple moving average of $145.47. The PNC Financial Services Group, Inc. has a 1-year low of $109.40 and a 1-year high of $162.24. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $62.50 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.09 by $0.01. The company 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 PNC Financial Services Group's revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.98 earnings per share. Sell-side analysts predict that The PNC Financial Services Group, Inc. will post 12.64 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Monday, April 15th were issued a $1.55 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 3.95%. The PNC Financial Services Group's dividend payout ratio is presently 52.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PNC shares. StockNews.com lowered The PNC Financial Services Group from a "hold" rating to a "sell" rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their price objective on shares of 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. JPMorgan Chase & Co. lowered their target price on The PNC Financial Services Group from $163.50 to $163.00 and set an "overweight" rating for the company in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $152.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, April 17th. Finally, Jefferies Financial Group cut 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 note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $157.02.

Insider Activity at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company's stock, valued at $5,442,347.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Michael J. Hannon sold 3,000 shares of the 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 completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at $5,442,347.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Richard Kevin Bynum sold 850 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $155.87, for a total transaction of $132,489.50. Following the transaction, the executive vice president now owns 3,502 shares in the company, valued at $545,856.74. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

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.