KPP Advisory Services LLC Has $668,000 Stock Holdings in The PNC Financial Services Group, Inc (NYSE:PNC)

KPP Advisory Services LLC grew its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 3.4% during the first quarter, HoldingsChannel.com reports. The firm owned 3,802 shares of the financial services provider’s stock after purchasing an additional 125 shares during the period. KPP Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $668,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $33,000. Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group in the first quarter worth approximately $35,000. REAP Financial Group LLC lifted its stake in shares of The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 80 shares during the period. Finally, Hoey Investments Inc. acquired a new position in shares of The PNC Financial Services Group in the fourth quarter worth approximately $39,000. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO William S. Demchak sold 641 shares of the company’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $155.27, for a total transaction of $99,528.07. Following the completion of the sale, the chief executive officer now owns 564,174 shares in the company, valued at approximately $87,599,296.98. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kieran John Fallon sold 1,492 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president now owns 20,490 shares of the company’s stock, valued at $3,576,734.40. This trade represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,428 shares of company stock worth $1,882,322. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PNC. Keefe, Bruyette & Woods cut their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group dropped their price target on The PNC Financial Services Group from $180.00 to $172.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Citigroup dropped their price target 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. Wells Fargo & Company dropped their price target on The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Finally, Royal Bank Of Canada dropped their price target on The PNC Financial Services Group from $205.00 to $195.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.67.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $185.81 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.08. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The stock’s 50 day moving average is $171.46 and its 200-day moving average is $180.48. The firm has a market capitalization of $73.50 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 1.53 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 10.95% and a net margin of 17.68%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. Sell-side analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group’s payout ratio is 45.20%.

The PNC Financial Services Group Company 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.