Colton Groome Financial Advisors LLC Acquires 1,798 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Colton Groome Financial Advisors LLC increased its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 35.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 6,844 shares of the financial services provider’s stock after buying an additional 1,798 shares during the period. Colton Groome Financial Advisors LLC’s holdings in The PNC Financial Services Group were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its holdings in The PNC Financial Services Group by 26.4% in the 4th quarter. Fidelis Capital Partners LLC now owns 3,287 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 686 shares during the period. Xponance Inc. grew its position in The PNC Financial Services Group by 3.7% in the 4th quarter. Xponance Inc. now owns 53,027 shares of the financial services provider’s stock worth $8,211,000 after purchasing an additional 1,871 shares during the last quarter. Tiller Private Wealth Inc. acquired a new stake in The PNC Financial Services Group in the 4th quarter worth $393,000. Tilt Investment Management Holdings PBC acquired a new stake in The PNC Financial Services Group in the 4th quarter worth $248,000. Finally, Cambridge Trust Co. grew its position in The PNC Financial Services Group by 14.4% in the 4th quarter. Cambridge Trust Co. now owns 84,944 shares of the financial services provider’s stock worth $13,154,000 after purchasing an additional 10,704 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

PNC has been the topic of several research analyst reports. Evercore ISI decreased their price target on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday. UBS Group raised their price target on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Morgan Stanley raised their price target on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 30th. Bank of America lifted their target price on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their target price on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $156.63.

The PNC Financial Services Group Price Performance

NYSE:PNC traded up $0.57 on Thursday, reaching $147.82. The stock had a trading volume of 1,352,894 shares, compared to its average volume of 2,145,106. The company has a market capitalization of $58.80 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.69 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 1-year low of $109.40 and a 1-year high of $162.24. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average price of $151.80 and a 200-day moving average price of $141.68.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.01. The firm had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.98 earnings per share. Research analysts forecast that The PNC Financial Services Group, Inc. will post 12.42 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, May 5th. Shareholders of record on Monday, April 15th will be given a $1.55 dividend. The ex-dividend date is Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a yield of 4.19%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 52.06%.

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.