Investors sold shares of PNC Financial Services Group Inc (NYSE:PNC) on strength during trading on Tuesday. $76.30 million flowed into the stock on the tick-up and $163.16 million flowed out of the stock on the tick-down, for a money net flow of $86.86 million out of the stock. Of all equities tracked, PNC Financial Services Group had the 9th highest net out-flow for the day. PNC Financial Services Group traded up $1.17 for the day and closed at $152.26

A number of brokerages have commented on PNC. Oppenheimer reaffirmed a “hold” rating on shares of PNC Financial Services Group in a report on Tuesday. Argus upped their target price on shares of PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada upped their target price on shares of PNC Financial Services Group to $170.00 and gave the company an “average” rating in a report on Friday. Wells Fargo & Co set a $157.00 target price on shares of PNC Financial Services Group and gave the company a “hold” rating in a report on Tuesday. Finally, ValuEngine cut shares of PNC Financial Services Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Eighteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. PNC Financial Services Group currently has an average rating of “Hold” and an average target price of $144.02.

The stock has a market capitalization of $72,450.00, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 1.24.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Friday, January 12th. The financial services provider reported $2.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a net margin of 29.60% and a return on equity of 9.52%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.97 earnings per share. sell-side analysts anticipate that PNC Financial Services Group Inc will post 9.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Wednesday, January 17th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, January 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.97%. PNC Financial Services Group’s dividend payout ratio is 17.74%.

In related news, insider E William Parsley III sold 46,307 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $143.43, for a total transaction of $6,641,813.01. Following the completion of the transaction, the insider now owns 132,544 shares in the company, valued at $19,010,785.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Wyk Steven C. Van sold 5,000 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $135.00, for a total transaction of $675,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,523 shares of company stock valued at $15,392,168. 0.43% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of PNC Financial Services Group by 8.1% during the fourth quarter. Bank of Montreal Can now owns 1,681,159 shares of the financial services provider’s stock worth $242,575,000 after acquiring an additional 126,061 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its position in shares of PNC Financial Services Group by 6.0% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 20,362 shares of the financial services provider’s stock worth $2,938,000 after acquiring an additional 1,150 shares during the last quarter. BLB&B Advisors LLC boosted its position in shares of PNC Financial Services Group by 2.0% during the fourth quarter. BLB&B Advisors LLC now owns 60,670 shares of the financial services provider’s stock worth $8,754,000 after acquiring an additional 1,174 shares during the last quarter. Pennsylvania Trust Co boosted its position in shares of PNC Financial Services Group by 1.8% during the fourth quarter. Pennsylvania Trust Co now owns 49,422 shares of the financial services provider’s stock worth $7,134,000 after acquiring an additional 865 shares during the last quarter. Finally, Atria Investments LLC boosted its position in shares of PNC Financial Services Group by 59.1% during the fourth quarter. Atria Investments LLC now owns 5,975 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 2,219 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

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PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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