The PNC Financial Services Group, Inc. (NYSE:PNC) Director Andrew T. Feldstein Sells 14,509 Shares

The PNC Financial Services Group, Inc. (NYSE:PNC) Director Andrew T. Feldstein sold 14,509 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the transaction, the director now owns 38,649 shares of the company’s stock, valued at approximately $8,119,768.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded down $1.89 on Wednesday, reaching $209.15. The company’s stock had a trading volume of 738,448 shares, compared to its average volume of 1,869,385. 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 PNC Financial Services Group, Inc. has a 52-week low of $122.75 and a 52-week high of $214.10. The stock’s 50-day moving average is $186.55 and its two-hundred day moving average is $171.93. The stock has a market capitalization of $82.99 billion, a P/E ratio of 18.01, a PEG ratio of 2.23 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.19. The company had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The PNC Financial Services Group’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 EPS. As a group, sell-side analysts forecast that The PNC Financial Services Group, Inc. will post 13.41 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Wednesday, October 16th. The PNC Financial Services Group’s payout ratio is 54.10%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PNC shares. Compass Point lowered The PNC Financial Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 22nd. 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 report on Wednesday, October 16th. Royal Bank of Canada increased their price target on shares of The PNC Financial Services Group from $155.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. UBS Group boosted their target price on The PNC Financial Services Group from $179.00 to $198.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Citigroup increased their price objective on shares of The PNC Financial Services Group from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $185.71.

Institutional Trading of The PNC Financial Services Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Avestar Capital LLC lifted its stake in The PNC Financial Services Group by 6.0% in the 3rd quarter. Avestar Capital LLC now owns 2,279 shares of the financial services provider’s stock valued at $421,000 after buying an additional 128 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of The PNC Financial Services Group by 27.5% in the 3rd quarter. Brooklyn Investment Group now owns 2,185 shares of the financial services provider’s stock worth $404,000 after purchasing an additional 471 shares during the period. Covington Investment Advisors Inc. grew its stake in The PNC Financial Services Group by 1.5% during the third quarter. Covington Investment Advisors Inc. now owns 94,489 shares of the financial services provider’s stock worth $17,466,000 after buying an additional 1,412 shares during the period. Prospector Partners LLC raised its position in The PNC Financial Services Group by 18.7% in the third quarter. Prospector Partners LLC now owns 91,780 shares of the financial services provider’s stock valued at $16,966,000 after purchasing an additional 14,430 shares during the period. Finally, D.A. Davidson & CO. lifted its position in The PNC Financial Services Group by 2.2% during the 3rd quarter. D.A. Davidson & CO. now owns 110,070 shares of the financial services provider’s stock worth $20,346,000 after acquiring an additional 2,335 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

About The PNC Financial Services Group

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.