Clifford Swan Investment Counsel LLC bought a new stake in shares of PNC Financial Services (NYSE:PNC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,329 shares of the financial services provider’s stock, valued at approximately $201,000.
Other large investors have also recently made changes to their positions in the company. Truewealth LLC acquired a new stake in PNC Financial Services during the 4th quarter valued at $107,000. Crewe Advisors LLC acquired a new position in shares of PNC Financial Services in the fourth quarter worth $134,000. Resources Investment Advisors Inc. increased its stake in shares of PNC Financial Services by 130.7% in the fourth quarter. Resources Investment Advisors Inc. now owns 1,059 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 600 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of PNC Financial Services in the fourth quarter worth $157,000. Finally, Avestar Capital LLC acquired a new position in shares of PNC Financial Services in the fourth quarter worth $177,000. 82.86% of the stock is currently owned by institutional investors.
PNC Financial Services stock opened at $150.65 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $70.80 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.42 and a beta of 0.91. PNC Financial Services has a one year low of $149.22 and a one year high of $150.73.
PNC Financial Services (NYSE:PNC) last posted its earnings results on Friday, April 13th. The financial services provider reported $2.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.42 by $0.01. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.14 billion. PNC Financial Services had a net margin of 29.85% and a return on equity of 9.82%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.96 earnings per share. sell-side analysts predict that PNC Financial Services will post 10.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, May 5th. Shareholders of record on Monday, April 16th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Friday, April 13th. PNC Financial Services’s payout ratio is 35.29%.
A number of research firms have recently weighed in on PNC. Morgan Stanley upped their price target on shares of PNC Financial Services from $165.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. BMO Capital Markets reaffirmed a “buy” rating on shares of PNC Financial Services in a research note on Thursday, January 25th. Bank of America upped their price target on shares of PNC Financial Services from $160.00 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Susquehanna Bancshares set a $147.00 price target on shares of PNC Financial Services and gave the stock a “hold” rating in a research note on Tuesday, April 10th. Finally, Zacks Investment Research downgraded shares of PNC Financial Services from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. PNC Financial Services presently has an average rating of “Hold” and an average target price of $149.36.
About PNC Financial Services
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.
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