Universal Beteiligungs und Servicegesellschaft mbH Has $59.94 Million Position in The PNC Financial Services Group, Inc $PNC

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 287,037 shares of the financial services provider’s stock after selling 16,824 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in The PNC Financial Services Group were worth $59,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in PNC. Quarry LP bought a new stake in The PNC Financial Services Group in the 3rd quarter valued at $25,000. Westfuller Advisors LLC bought a new stake in The PNC Financial Services Group in the 3rd quarter valued at $34,000. Beacon Financial Strategies CORP bought a new stake in The PNC Financial Services Group in the 4th quarter valued at $35,000. JPL Wealth Management LLC bought a new stake in The PNC Financial Services Group in the 3rd quarter valued at $37,000. Finally, Financial Life Planners bought a new stake in The PNC Financial Services Group in the 3rd quarter valued at $39,000. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $225.03 on Thursday. The stock has a market capitalization of $90.77 billion, a PE ratio of 13.08, a P/E/G ratio of 0.95 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.83 and a quick ratio of 0.82. The business has a fifty day moving average price of $214.99 and a two-hundred day moving average price of $207.13. The PNC Financial Services Group, Inc has a fifty-two week low of $156.15 and a fifty-two week high of $243.94.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, beating the consensus estimate of $3.92 by $0.40. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.21 billion. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.51 EPS. As a group, equities analysts predict that The PNC Financial Services Group, Inc will post 18.75 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 14th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $6.80 annualized dividend and a yield of 3.0%. The PNC Financial Services Group’s payout ratio is currently 39.51%.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Louis Robert Cestello sold 4,279 shares of The PNC Financial Services Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $234.01, for a total value of $1,001,328.79. Following the completion of the transaction, the executive vice president directly owned 18,867 shares of the company’s stock, valued at $4,415,066.67. The trade was a 18.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Kevin Bynum sold 7,407 shares of The PNC Financial Services Group stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $230.98, for a total value of $1,710,868.86. Following the completion of the transaction, the executive vice president directly owned 1,942 shares of the company’s stock, valued at $448,563.16. This represents a 79.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 64,186 shares of company stock valued at $14,840,973 over the last 90 days. 0.38% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PNC. Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Jefferies Financial Group began coverage on The PNC Financial Services Group in a research note on Thursday, March 26th. They issued a “buy” rating and a $250.00 price target for the company. Barclays boosted their price target on The PNC Financial Services Group from $271.00 to $277.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Morgan Stanley boosted their price target on The PNC Financial Services Group from $263.00 to $267.00 and gave the company an “equal weight” rating in a research note on Thursday, April 16th. Finally, Oppenheimer boosted their price target on The PNC Financial Services Group from $263.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.69.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.