3,696 Shares in PNC Financial Services Group Inc (PNC) Purchased by Buckley Wealth Management LLC

Buckley Wealth Management LLC purchased a new stake in shares of PNC Financial Services Group Inc (NYSE:PNC) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,696 shares of the financial services provider’s stock, valued at approximately $453,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First United Bank Trust raised its stake in PNC Financial Services Group by 220.5% during the 1st quarter. First United Bank Trust now owns 9,678 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 6,658 shares during the period. Pathway Financial Advisors LLC bought a new stake in PNC Financial Services Group during the 1st quarter worth approximately $204,000. Chartwell Investment Partners LLC raised its stake in PNC Financial Services Group by 4.6% during the 1st quarter. Chartwell Investment Partners LLC now owns 48,851 shares of the financial services provider’s stock worth $5,992,000 after acquiring an additional 2,136 shares during the period. Graves Light Private Wealth Management Inc. raised its stake in PNC Financial Services Group by 2.8% during the 1st quarter. Graves Light Private Wealth Management Inc. now owns 30,076 shares of the financial services provider’s stock worth $3,689,000 after acquiring an additional 824 shares during the period. Finally, Webster Bank N. A. raised its stake in PNC Financial Services Group by 5.0% during the 1st quarter. Webster Bank N. A. now owns 17,728 shares of the financial services provider’s stock worth $2,175,000 after acquiring an additional 843 shares during the period. 82.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PNC stock traded up $1.43 on Thursday, reaching $128.72. The company’s stock had a trading volume of 2,051,107 shares, compared to its average volume of 2,404,046. PNC Financial Services Group Inc has a 1 year low of $108.45 and a 1 year high of $152.98. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $57.52 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.48 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $4.37 billion. During the same period last year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities analysts predict that PNC Financial Services Group Inc will post 11.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Investors of record on Tuesday, April 16th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, April 15th. PNC Financial Services Group’s dividend payout ratio (DPR) is presently 35.48%.

A number of equities research analysts have commented on PNC shares. Bank of America cut shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating in a research note on Thursday, January 10th. Zacks Investment Research cut shares of PNC Financial Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Royal Bank of Canada reduced their price objective on shares of PNC Financial Services Group to $150.00 and set an “average” rating on the stock in a research report on Thursday, January 17th. Goldman Sachs Group cut shares of PNC Financial Services Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $154.00 to $144.00 in a research report on Monday, January 7th. Finally, Morgan Stanley reduced their price objective on shares of PNC Financial Services Group from $147.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $144.99.

In other PNC Financial Services Group news, EVP Robert Q. Reilly sold 12,361 shares of PNC Financial Services Group stock in a transaction on Friday, February 8th. The shares were sold at an average price of $122.50, for a total transaction of $1,514,222.50. Following the completion of the transaction, the executive vice president now directly owns 118,671 shares of the company’s stock, valued at $14,537,197.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Martin Pfinsgraff acquired 500 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were purchased at an average cost of $125.69 per share, with a total value of $62,845.00. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.

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

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