1,510 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Bought by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC bought a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,510 shares of the financial services provider’s stock, valued at approximately $234,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Equity Partners increased its holdings in shares of The PNC Financial Services Group by 9.6% in the third quarter. Golden State Equity Partners now owns 2,175 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 191 shares in the last quarter. Brookstone Capital Management lifted its holdings in The PNC Financial Services Group by 164.5% during the 3rd quarter. Brookstone Capital Management now owns 10,276 shares of the financial services provider’s stock worth $1,189,000 after buying an additional 6,391 shares during the period. Accurate Wealth Management LLC lifted its holdings in The PNC Financial Services Group by 5.7% during the 3rd quarter. Accurate Wealth Management LLC now owns 7,691 shares of the financial services provider’s stock worth $916,000 after buying an additional 415 shares during the period. Vicus Capital acquired a new position in The PNC Financial Services Group during the 3rd quarter worth about $200,000. Finally, Colton Groome Financial Advisors LLC acquired a new position in The PNC Financial Services Group during the 3rd quarter worth about $619,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PNC. Wells Fargo & Company lifted their target price on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. HSBC raised The PNC Financial Services Group from a “reduce” rating to a “hold” rating and lifted their target price for the stock from $141.00 to $155.00 in a report on Thursday, March 28th. Jefferies Financial Group dropped their price objective on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Bank of America boosted their price objective on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Evercore ISI dropped their price objective on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus price target of $156.63.

The PNC Financial Services Group Stock Down 1.6 %

The PNC Financial Services Group stock traded down $2.52 during midday trading on Tuesday, reaching $153.26. The stock had a trading volume of 1,632,428 shares, compared to its average volume of 2,098,268. The PNC Financial Services Group, Inc. has a 12 month low of $109.40 and a 12 month high of $162.24. The company has a market capitalization of $60.97 billion, a P/E ratio of 12.87, a PEG ratio of 1.76 and a beta of 1.18. The company has a fifty day moving average price of $153.03 and a two-hundred day moving average price of $144.00. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNC) last issued its 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 business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm’s revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.98 EPS. As a group, equities analysts expect that The PNC Financial Services Group, Inc. will post 12.65 EPS 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 Sunday, May 5th. Shareholders of record on Monday, April 15th will be issued a dividend of $1.55 per share. This represents a $6.20 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is currently 52.06%.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.