Guyasuta Investment Advisors Inc. Has $37.62 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Guyasuta Investment Advisors Inc. cut its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 242,957 shares of the financial services provider’s stock after selling 2,886 shares during the period. The PNC Financial Services Group makes up about 2.7% of Guyasuta Investment Advisors Inc.’s portfolio, making the stock its 13th biggest holding. Guyasuta Investment Advisors Inc.’s holdings in The PNC Financial Services Group were worth $37,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Blueprint LLC bought a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at $211,000. Lantz Financial LLC increased its stake in shares of The PNC Financial Services Group by 5.5% in the 3rd quarter. Lantz Financial LLC now owns 1,921 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 100 shares during the last quarter. Golden State Equity Partners increased its stake in shares of The PNC Financial Services Group by 9.6% in the 3rd quarter. Golden State Equity Partners now owns 2,175 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 191 shares during the last quarter. Ascent Wealth Partners LLC bought a new position in shares of The PNC Financial Services Group in the 3rd quarter valued at $246,000. Finally, Brookstone Capital Management increased its stake in shares of The PNC Financial Services Group by 164.5% in the 3rd quarter. Brookstone Capital Management now owns 10,276 shares of the financial services provider’s stock valued at $1,189,000 after purchasing an additional 6,391 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael J. Hannon sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the transaction, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at $5,442,347.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on PNC. Bank of America lifted their price target on The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. HSBC upgraded The PNC Financial Services Group from a “reduce” rating to a “hold” rating and boosted their price objective for the stock from $141.00 to $155.00 in a research report on Thursday, March 28th. Evercore ISI reduced their price objective on The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company boosted their price objective on The PNC Financial Services Group from $185.00 to $194.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Jefferies Financial Group reduced their price objective on The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $156.63.

The PNC Financial Services Group Stock Up 0.2 %

PNC stock traded up $0.26 during trading on Monday, reaching $156.37. 406,679 shares of the stock were exchanged, compared to its average volume of 2,091,593. The firm’s 50 day moving average is $152.76 and its 200 day moving average is $143.51. The PNC Financial Services Group, Inc. has a twelve month low of $109.40 and a twelve month high of $162.24. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The firm has a market cap of $62.21 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.76 and a beta of 1.18.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.01. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a return on equity of 11.64% and a net margin of 16.05%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.98 EPS. As a group, research analysts forecast that The PNC Financial Services Group, Inc. will post 12.65 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, May 5th. Stockholders of record on Monday, April 15th will be issued a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Friday, April 12th. The PNC Financial Services Group’s dividend payout ratio is presently 52.06%.

The PNC Financial Services Group Company Profile

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.