First National Bank of Mount Dora Trust Investment Services raised its position in shares of PNC Financial Services Group Inc (NYSE:PNC) by 36.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,496 shares of the financial services provider’s stock after purchasing an additional 7,355 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in PNC Financial Services Group were worth $3,372,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. IMS Capital Management bought a new stake in shares of PNC Financial Services Group during the 3rd quarter worth about $28,000. Executive Wealth Management LLC bought a new stake in shares of PNC Financial Services Group in the 4th quarter worth approximately $29,000. Transamerica Financial Advisors Inc. bought a new stake in shares of PNC Financial Services Group in the 4th quarter worth approximately $36,000. Athena Capital Advisors LLC bought a new stake in shares of PNC Financial Services Group in the 4th quarter worth approximately $37,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of PNC Financial Services Group in the 4th quarter worth approximately $43,000. 82.24% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on PNC. Zacks Investment Research upgraded shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Barclays dropped their target price on shares of PNC Financial Services Group from $173.00 to $156.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Macquarie upgraded shares of PNC Financial Services Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 6th. ValuEngine downgraded shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 11th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $146.00 target price on shares of PNC Financial Services Group in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. PNC Financial Services Group presently has a consensus rating of “Hold” and a consensus price target of $145.45.
Shares of PNC stock traded up $0.36 during trading hours on Tuesday, reaching $127.27. 13,315 shares of the stock traded hands, compared to its average volume of 2,474,844. PNC Financial Services Group Inc has a 1-year low of $108.45 and a 1-year high of $154.58. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $55.64 billion, a P/E ratio of 11.89, a P/E/G ratio of 1.45 and a beta of 1.05.
PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, January 16th. The financial services provider reported $2.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.04). The business had revenue of $4.34 billion during the quarter, compared to the consensus estimate of $4.37 billion. PNC Financial Services Group had a return on equity of 11.23% and a net margin of 26.51%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. Sell-side analysts predict that PNC Financial Services Group Inc will post 11.3 EPS for the current fiscal year.
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About PNC Financial Services Group
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States and internationally. The company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, 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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