GYL Financial Synergies LLC Invests $940,000 in PNC Financial Services Group Inc (NYSE:PNC)

GYL Financial Synergies LLC purchased a new stake in PNC Financial Services Group Inc (NYSE:PNC) in the first quarter, Holdings Channel reports. The firm purchased 7,661 shares of the financial services provider’s stock, valued at approximately $940,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PNC Financial Services Group in the first quarter valued at approximately $25,000. Field & Main Bank acquired a new stake in shares of PNC Financial Services Group in the first quarter valued at approximately $25,000. IMA Wealth Inc. acquired a new stake in shares of PNC Financial Services Group in the first quarter valued at approximately $25,000. Penserra Capital Management LLC acquired a new stake in shares of PNC Financial Services Group in the first quarter valued at approximately $25,000. Finally, Executive Wealth Management LLC acquired a new stake in shares of PNC Financial Services Group in the fourth quarter valued at approximately $29,000. Institutional investors own 80.36% of the company’s stock.

PNC has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Morgan Stanley lifted their price target on shares of PNC Financial Services Group from $138.00 to $142.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, March 6th. Barclays lifted their price target on shares of PNC Financial Services Group from $156.00 to $157.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Finally, UBS Group set a $133.00 price target on shares of PNC Financial Services Group and gave the company a “hold” rating in a research report on Tuesday, April 2nd. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $143.63.

In other PNC Financial Services Group news, insider Joseph E. Rockey sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $135.00, for a total transaction of $810,000.00. Following the completion of the transaction, the insider now directly owns 24,747 shares in the company, valued at $3,340,845. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

PNC traded down $0.02 during trading on Friday, hitting $133.71. 13,015 shares of the stock traded hands, compared to its average volume of 1,340,727. PNC Financial Services Group Inc has a twelve month low of $108.45 and a twelve month high of $147.23. The company has a market cap of $60.54 billion, a P/E ratio of 12.52, a P/E/G ratio of 1.56 and a beta of 1.09. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.88 and a quick ratio of 0.88.

PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Friday, April 12th. The financial services provider reported $2.61 EPS for the quarter, meeting the consensus estimate of $2.61. PNC Financial Services Group had a net margin of 25.93% and a return on equity of 11.20%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the business earned $2.43 earnings per share. On average, analysts expect that PNC Financial Services Group Inc will post 11.33 earnings per share for the current fiscal year.

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PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, 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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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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