Baker Tilly Wealth Management LLC Buys 84 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Baker Tilly Wealth Management LLC increased its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNCGet Rating) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,728 shares of the financial services provider’s stock after buying an additional 84 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in The PNC Financial Services Group were worth $1,750,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. D Orazio & Associates Inc. purchased a new position in The PNC Financial Services Group in the third quarter worth $31,000. Kozak & Associates Inc. purchased a new position in The PNC Financial Services Group in the third quarter worth $34,000. Equitec Proprietary Markets LLC purchased a new position in The PNC Financial Services Group in the fourth quarter worth $47,000. Field & Main Bank boosted its position in The PNC Financial Services Group by 400.0% in the fourth quarter. Field & Main Bank now owns 250 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 200 shares during the last quarter. Finally, Bell Investment Advisors Inc purchased a new position in The PNC Financial Services Group in the third quarter worth $51,000. Institutional investors and hedge funds own 82.59% of the company’s stock.

NYSE:PNC opened at $171.08 on Friday. The stock has a market cap of $71.59 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 2.48 and a beta of 1.26. The firm’s fifty day simple moving average is $186.05 and its 200 day simple moving average is $199.53. The PNC Financial Services Group, Inc. has a twelve month low of $168.03 and a twelve month high of $228.14. The company has a quick ratio of 0.78, a current ratio of 0.75 and a debt-to-equity ratio of 0.54.

The PNC Financial Services Group (NYSE:PNCGet Rating) last released its quarterly earnings results on Thursday, April 14th. The financial services provider reported $3.23 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.45. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.72 billion. The PNC Financial Services Group had a net margin of 26.14% and a return on equity of 12.43%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.10 earnings per share. On average, analysts expect that The PNC Financial Services Group, Inc. will post 14.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 5th. Shareholders of record on Wednesday, April 13th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, April 12th. This represents a $6.00 annualized dividend and a yield of 3.51%. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.25. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 50.76%.

Several research firms have weighed in on PNC. Robert W. Baird boosted their price objective on The PNC Financial Services Group from $200.00 to $230.00 in a research report on Wednesday, January 19th. Barclays raised The PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $220.00 to $250.00 in a research report on Monday, January 3rd. Argus dropped their price target on The PNC Financial Services Group from $245.00 to $220.00 in a research report on Monday, April 18th. StockNews.com initiated coverage on The PNC Financial Services Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of The PNC Financial Services Group from $229.50 to $232.50 in a report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $219.53.

In other The PNC Financial Services Group news, EVP Michael P. Lyons sold 5,500 shares of the firm’s stock in a transaction on Monday, March 14th. The stock was sold at an average price of $182.59, for a total transaction of $1,004,245.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

The PNC Financial Services Group Company Profile (Get Rating)

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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

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