Sowell Financial Services LLC grew its position in PNC Financial Services Group Inc (NYSE:PNC) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,079 shares of the financial services provider’s stock after buying an additional 339 shares during the quarter. Sowell Financial Services LLC’s holdings in PNC Financial Services Group were worth $477,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of PNC Financial Services Group in the 4th quarter worth $550,507,000. Actinver Wealth Management Inc. purchased a new stake in shares of PNC Financial Services Group during the 4th quarter worth $480,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of PNC Financial Services Group during the 4th quarter worth $876,000. Princeton Global Asset Management LLC purchased a new stake in shares of PNC Financial Services Group during the 4th quarter worth $543,000. Finally, Coldstream Capital Management Inc. lifted its stake in shares of PNC Financial Services Group by 23.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,013 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.
In related news, EVP Robert Q. Reilly sold 12,361 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $122.50, for a total transaction of $1,514,222.50. Following the transaction, the executive vice president now directly owns 118,671 shares of the company’s stock, valued at approximately $14,537,197.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Hannon sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 22nd. The shares were sold at an average price of $124.82, for a total value of $624,100.00. Following the transaction, the insider now directly owns 53,239 shares in the company, valued at $6,645,291.98. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Shares of NYSE:PNC opened at $126.91 on Tuesday. PNC Financial Services Group Inc has a 1 year low of $108.45 and a 1 year high of $154.58. The stock has a market cap of $55.64 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.10.
PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, January 16th. The financial services provider reported $2.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.79 by ($0.04). PNC Financial Services Group had a net margin of 26.51% and a return on equity of 11.23%. The business had revenue of $4.34 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts expect that PNC Financial Services Group Inc will post 11.3 EPS for the current fiscal year.
PNC Financial Services Group Company Profile
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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