Regal Investment Advisors LLC Sells 513 Shares of PNC Financial Services Group Inc (PNC)

Regal Investment Advisors LLC lowered its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,539 shares of the financial services provider’s stock after selling 513 shares during the period. Regal Investment Advisors LLC’s holdings in PNC Financial Services Group were worth $1,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in PNC Financial Services Group by 217.5% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 184,620 shares of the financial services provider’s stock valued at $24,901,000 after purchasing an additional 126,480 shares during the period. California Public Employees Retirement System lifted its holdings in shares of PNC Financial Services Group by 1.6% during the 3rd quarter. California Public Employees Retirement System now owns 1,407,491 shares of the financial services provider’s stock worth $189,688,000 after acquiring an additional 22,434 shares during the period. Stifel Financial Corp lifted its holdings in shares of PNC Financial Services Group by 52.8% during the 3rd quarter. Stifel Financial Corp now owns 385,627 shares of the financial services provider’s stock worth $51,963,000 after acquiring an additional 133,232 shares during the period. AXA lifted its holdings in shares of PNC Financial Services Group by 2.1% during the 3rd quarter. AXA now owns 337,039 shares of the financial services provider’s stock worth $45,423,000 after acquiring an additional 6,903 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of PNC Financial Services Group during the 3rd quarter worth approximately $549,000. 82.24% of the stock is owned by hedge funds and other institutional investors.

PNC Financial Services Group Inc (NYSE:PNC) opened at $155.00 on Thursday. The stock has a market cap of $72,979.16, a P/E ratio of 14.90, a P/E/G ratio of 1.45 and a beta of 0.93. PNC Financial Services Group Inc has a 12-month low of $115.25 and a 12-month high of $160.07. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS. analysts anticipate that PNC Financial Services Group Inc will post 10.38 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Investors of record on Wednesday, January 17th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Tuesday, January 16th. PNC Financial Services Group’s dividend payout ratio is 28.85%.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $154.20, for a total value of $1,235,296.20. Following the completion of the transaction, the insider now directly owns 58,820 shares in the company, valued at approximately $9,070,044. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $140.98, for a total transaction of $704,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 103,894 shares of company stock valued at $14,897,513. 0.43% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Tuesday, October 31st. Royal Bank of Canada upped their price target on shares of PNC Financial Services Group from $130.00 to $145.00 and gave the stock a “top pick” rating in a report on Monday, October 16th. Credit Suisse Group upped their price target on shares of PNC Financial Services Group from $135.00 to $137.00 and gave the stock a “neutral” rating in a report on Monday, October 16th. Nomura upped their price target on shares of PNC Financial Services Group from $132.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $162.00 price target on shares of PNC Financial Services Group in a report on Friday, December 29th. Eighteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $145.98.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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