Columbia Trust Co 01012016 Acquires 982 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Columbia Trust Co 01012016 increased its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,762 shares of the financial services provider’s stock after buying an additional 982 shares during the period. Columbia Trust Co 01012016’s holdings in The PNC Financial Services Group were worth $1,512,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Schechter Investment Advisors LLC boosted its holdings in shares of The PNC Financial Services Group by 2.6% in the fourth quarter. Schechter Investment Advisors LLC now owns 5,361 shares of the financial services provider’s stock worth $830,000 after acquiring an additional 134 shares during the period. Assenagon Asset Management S.A. boosted its stake in The PNC Financial Services Group by 209.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 221,087 shares of the financial services provider’s stock worth $34,235,000 after purchasing an additional 149,656 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of The PNC Financial Services Group by 6.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 147,792 shares of the financial services provider’s stock valued at $22,886,000 after acquiring an additional 8,642 shares during the period. CVA Family Office LLC bought a new position in The PNC Financial Services Group in the 4th quarter valued at $182,000. Finally, NovaPoint Capital LLC bought a new position in The PNC Financial Services Group in the 4th quarter valued at $211,000. 80.14% of the stock is owned by institutional investors.

Insider Activity at The PNC Financial Services Group

In related news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction that occurred on 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 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 available through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PNC. Piper Sandler lifted their price objective on The PNC Financial Services Group from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. UBS Group lifted their price target on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research report on Thursday, January 18th. Keefe, Bruyette & Woods lifted their target price on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, January 3rd. Odeon Capital Group upgraded shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $153.38 target price for the company in a research report on Thursday, December 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a report on Tuesday, December 19th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $146.59.

The PNC Financial Services Group Trading Down 0.0 %

NYSE:PNC traded down $0.01 during midday trading on Tuesday, reaching $155.03. 1,179,068 shares of the stock traded hands, compared to its average volume of 2,254,823. The company has a fifty day moving average of $149.61 and a 200 day moving average of $137.83. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $158.80. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $61.67 billion, a P/E ratio of 12.12, a PEG ratio of 1.80 and a beta of 1.17.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 EPS for the quarter, beating the consensus estimate of $2.12 by $1.04. The firm had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.49 earnings per share. On average, research analysts predict that The PNC Financial Services Group, Inc. will post 12.33 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were given a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Friday, January 12th. The PNC Financial Services Group’s payout ratio is 48.48%.

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.