Moors & Cabot Inc. grew its position in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,656 shares of the financial services provider’s stock after buying an additional 3,374 shares during the period. Moors & Cabot Inc.’s holdings in The PNC Financial Services Group were worth $7,443,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Cvfg LLC boosted its stake in The PNC Financial Services Group by 2.5% in the fourth quarter. Cvfg LLC now owns 1,753 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 43 shares in the last quarter. YANKCOM Partnership increased its position in shares of The PNC Financial Services Group by 1.8% during the fourth quarter. YANKCOM Partnership now owns 2,583 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 46 shares in the last quarter. Westfuller Advisors LLC lifted its holdings in shares of The PNC Financial Services Group by 26.9% during the 4th quarter. Westfuller Advisors LLC now owns 217 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 46 shares during the last quarter. Flavin Financial Services Inc. boosted its position in shares of The PNC Financial Services Group by 0.4% in the 4th quarter. Flavin Financial Services Inc. now owns 13,641 shares of the financial services provider’s stock worth $2,847,000 after purchasing an additional 48 shares in the last quarter. Finally, Almanack Investment Partners LLC. grew its stake in shares of The PNC Financial Services Group by 2.2% during the fourth quarter. Almanack Investment Partners LLC. now owns 2,349 shares of the financial services provider’s stock worth $490,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.
Insider Activity
In other news, Director Andrew T. Feldstein sold 45,000 shares of The PNC Financial Services Group stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $220.57, for a total transaction of $9,925,650.00. Following the transaction, the director owned 10,749 shares in the company, valued at $2,370,906.93. The trade was a 80.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.38% of the stock is owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Research Report on PNC
The PNC Financial Services Group Stock Performance
NYSE PNC opened at $219.94 on Friday. The PNC Financial Services Group, Inc has a 1-year low of $170.49 and a 1-year high of $243.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.83 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $215.86 and its 200-day simple moving average is $212.99. The company has a market cap of $88.32 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.94.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.92 by $0.40. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.21 billion. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The PNC Financial Services Group’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.51 EPS. As a group, equities research analysts anticipate that The PNC Financial Services Group, Inc will post 18.93 EPS for the current fiscal year.
The PNC Financial Services Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 14th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, April 14th. The PNC Financial Services Group’s dividend payout ratio is presently 39.51%.
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.
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