The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Axa S.A.

Axa S.A. increased its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 187.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,935 shares of the financial services provider's stock after buying an additional 28,631 shares during the quarter. Axa S.A.'s holdings in The PNC Financial Services Group were worth $8,473,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Winch Advisory Services LLC purchased a new stake in shares of The PNC Financial Services Group during the fourth quarter valued at approximately $25,000. Richardson Financial Services Inc. boosted its holdings in The PNC Financial Services Group by 2,333.3% in the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Albion Financial Group UT acquired a new stake in The PNC Financial Services Group during the 4th quarter valued at approximately $30,000. Rialto Wealth Management LLC purchased a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $32,000. Finally, Synergy Asset Management LLC acquired a new position in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $32,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PNC has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price target on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their target price on The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Citigroup reduced their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Keefe, Bruyette & Woods dropped their target price on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a report on Wednesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and an average target price of $200.88.

The PNC Financial Services Group Stock Up 0.1 %

The PNC Financial Services Group stock opened at $165.66 on Tuesday. The company's 50-day moving average price is $166.53 and its two-hundred day moving average price is $187.17. The stock has a market cap of $65.56 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.55 and a beta of 1.06. The PNC Financial Services Group, Inc. has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, topping the consensus estimate of $3.47 by $0.04. The firm had revenue of $5.45 billion for the quarter, compared to analysts' expectations of $5.50 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. On average, analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th were issued a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $6.40 annualized dividend and a dividend yield of 3.86%. The PNC Financial Services Group's dividend payout ratio (DPR) is 45.20%.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Martin Pfinsgraff bought 1,000 shares of the business's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average cost of $158.22 per share, with a total value of $158,220.00. Following the completion of the purchase, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. This trade represents a 99.11 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO William S. Demchak sold 641 shares of The PNC Financial Services Group stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $150.50, for a total transaction of $96,470.50. Following the completion of the transaction, the chief executive officer now owns 562,291 shares in the company, valued at approximately $84,624,795.50. This trade represents a 0.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,662 shares of company stock valued at $2,322,006 over the last 90 days. 0.41% of the stock is currently owned by corporate insiders.

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.

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