Calton & Associates Inc. Makes New $759,000 Investment in The PNC Financial Services Group, Inc. (NYSE:PNC)

Calton & Associates Inc. acquired a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,900 shares of the financial services provider's stock, valued at approximately $759,000.

Several other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in The PNC Financial Services Group in the 4th quarter worth approximately $518,000. Wrapmanager Inc. boosted its position in The PNC Financial Services Group by 24.3% during the fourth quarter. Wrapmanager Inc. now owns 6,691 shares of the financial services provider's stock valued at $1,036,000 after purchasing an additional 1,308 shares during the last quarter. US Asset Management LLC purchased a new position in The PNC Financial Services Group in the fourth quarter valued at about $358,000. Wealthspire Advisors LLC raised its stake in shares of The PNC Financial Services Group by 2.1% during the 4th quarter. Wealthspire Advisors LLC now owns 6,033 shares of the financial services provider's stock worth $934,000 after purchasing an additional 124 shares in the last quarter. Finally, National Pension Service grew its stake in shares of The PNC Financial Services Group by 2.6% in the 4th quarter. National Pension Service now owns 802,833 shares of the financial services provider's stock valued at $124,319,000 after buying an additional 20,689 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Richard Kevin Bynum sold 850 shares of the company's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total transaction of $132,489.50. Following the transaction, the executive vice president now directly owns 3,502 shares in the company, valued at approximately $545,856.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Michael J. Hannon sold 3,000 shares of the business's stock in a transaction dated 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 approximately $5,442,347.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard Kevin Bynum sold 850 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total transaction of $132,489.50. Following the completion of the sale, 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. Corporate insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Bank of America boosted their target price on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 17th. Evercore ISI reduced their price objective on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an "outperform" rating for the company in a research note on Wednesday, April 17th. HSBC upgraded shares of The PNC Financial Services Group from a "reduce" rating to a "hold" rating and lifted their target price for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their price target on shares of The PNC Financial Services Group from $163.50 to $163.00 and set an "overweight" rating for the company in a report on Wednesday, May 1st. Finally, 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. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.02.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC traded up $0.46 during mid-day trading on Friday, hitting $157.58. 984,955 shares of the stock were exchanged, compared to its average volume of 1,618,365. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $162.24. The stock's fifty day simple moving average is $154.64 and its two-hundred day simple moving average is $145.89. 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 company has a market cap of $62.70 billion, a P/E ratio of 13.23, a PEG ratio of 1.78 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, topping the consensus estimate of $3.09 by $0.01. The company had revenue of $5.15 billion for the quarter, compared to analysts' expectations 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 business's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.98 earnings per share. As a group, analysts forecast that The PNC Financial Services Group, Inc. will post 12.62 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, May 5th. Investors of record on Monday, April 15th were given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 3.93%. The ex-dividend date was Friday, April 12th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 52.06%.

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.