Crewe Advisors LLC Invests $144,000 in The PNC Financial Services Group, Inc. (NYSE:PNC)

Crewe Advisors LLC purchased a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) in the 1st quarter, Holdings Channel reports. The firm purchased 889 shares of the financial services provider’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in The PNC Financial Services Group in the fourth quarter valued at $26,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in The PNC Financial Services Group by 350.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 180 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 140 shares during the period. Palisade Asset Management LLC acquired a new stake in The PNC Financial Services Group during the 1st quarter worth about $29,000. Core Wealth Advisors Inc. acquired a new stake in The PNC Financial Services Group during the 4th quarter worth about $31,000. Finally, Fortis Group Advisors LLC grew its holdings in The PNC Financial Services Group by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 100 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $176.67, for a total transaction of $219,424.14. Following the transaction, the chief executive officer now owns 562,153 shares of the company’s stock, valued at approximately $99,315,570.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Richard Kevin Bynum sold 850 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total transaction of $132,489.50. Following the completion of the sale, the executive vice president now owns 3,502 shares in the company, valued at approximately $545,856.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $176.67, for a total transaction of $219,424.14. Following the completion of the transaction, the chief executive officer now owns 562,153 shares of the company’s stock, valued at $99,315,570.51. The disclosure for this sale can be found here. Insiders have sold a total of 7,661 shares of company stock valued at $1,242,250 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PNC shares. Jefferies Financial Group increased their price target on The PNC Financial Services Group from $162.00 to $164.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. decreased their price target on The PNC Financial Services Group from $163.50 to $163.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Keefe, Bruyette & Woods increased their price target on The PNC Financial Services Group from $152.00 to $162.00 and gave the stock an “underperform” rating in a report on Wednesday, July 17th. Bank of America increased their price target on The PNC Financial Services Group from $169.00 to $185.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. Finally, Barclays increased their price objective on shares of The PNC Financial Services Group from $199.00 to $209.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, The PNC Financial Services Group has an average rating of “Hold” and a consensus price target of $175.34.

The PNC Financial Services Group Stock Up 1.5 %

NYSE PNC traded up $2.58 during trading hours on Thursday, hitting $179.98. The company’s stock had a trading volume of 1,843,315 shares, compared to its average volume of 1,928,984. The PNC Financial Services Group, Inc. has a 52 week low of $109.40 and a 52 week high of $182.51. The company has a market capitalization of $71.62 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 2.30 and a beta of 1.15. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.36. The company’s 50-day simple moving average is $159.49 and its two-hundred day simple moving average is $154.92.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.30. The PNC Financial Services Group had a net margin of 15.53% and a return on equity of 11.33%. The business had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.40 billion. During the same quarter last year, the firm earned $3.36 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. Research analysts anticipate that The PNC Financial Services Group, Inc. will post 13 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Monday, July 15th will be given a $1.60 dividend. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.55. The ex-dividend date is Monday, July 15th. This represents a $6.40 annualized dividend and a yield of 3.56%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 53.74%.

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.