The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lessened its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 23.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,856 shares of the financial services provider’s stock after selling 2,043 shares during the period. OneDigital Investment Advisors LLC’s holdings in The PNC Financial Services Group were worth $1,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of The PNC Financial Services Group by 9.5% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,342 shares of the financial services provider’s stock valued at $2,097,000 after purchasing an additional 981 shares during the period. Metis Global Partners LLC boosted its stake in shares of The PNC Financial Services Group by 5.0% during the 3rd quarter. Metis Global Partners LLC now owns 18,518 shares of the financial services provider’s stock valued at $3,423,000 after buying an additional 890 shares during the period. Curi RMB Capital LLC grew its holdings in shares of The PNC Financial Services Group by 26.6% during the 3rd quarter. Curi RMB Capital LLC now owns 7,215 shares of the financial services provider’s stock valued at $1,334,000 after acquiring an additional 1,514 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of The PNC Financial Services Group by 6.8% in the third quarter. Plato Investment Management Ltd now owns 8,559 shares of the financial services provider’s stock worth $1,581,000 after acquiring an additional 543 shares during the last quarter. Finally, D Orazio & Associates Inc. raised its holdings in shares of The PNC Financial Services Group by 6.9% during the third quarter. D Orazio & Associates Inc. now owns 1,495 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays boosted their target price on The PNC Financial Services Group from $209.00 to $229.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Bank of America raised shares of The PNC Financial Services Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $185.00 to $200.00 in a research report on Thursday, August 15th. Compass Point cut shares of The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods increased their price target on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price objective on shares of The PNC Financial Services Group from $189.00 to $180.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group presently has an average rating of “Hold” and a consensus price target of $186.96.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $206.83 on Tuesday. The company’s fifty day moving average is $188.73 and its two-hundred day moving average is $173.43. The PNC Financial Services Group, Inc. has a 52-week low of $127.08 and a 52-week high of $214.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $82.07 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 2.17 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating the consensus estimate of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The firm had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the prior year, the firm posted $3.60 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 13.45 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were issued a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 54.10%.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $183.17, for a total value of $227,497.14. Following the sale, the chief executive officer now owns 554,701 shares of the company’s stock, valued at $101,604,582.17. The trade was a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total value of $159,877.08. Following the transaction, the director now owns 915 shares of the company’s stock, valued at $170,299.80. This represents a 48.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,788 shares of company stock worth $5,535,978. 0.42% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Profile

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.