Dorsey & Whitney Trust CO LLC Purchases 555 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Dorsey & Whitney Trust CO LLC lifted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Get Rating) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,595 shares of the financial services provider’s stock after purchasing an additional 555 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in The PNC Financial Services Group were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its holdings in The PNC Financial Services Group by 3.0% in the third quarter. Quantinno Capital Management LP now owns 1,686 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 49 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in The PNC Financial Services Group by 0.4% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,197 shares of the financial services provider’s stock worth $2,386,000 after acquiring an additional 51 shares in the last quarter. Gradient Investments LLC boosted its holdings in The PNC Financial Services Group by 12.0% in the fourth quarter. Gradient Investments LLC now owns 476 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 51 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in The PNC Financial Services Group by 0.3% in the third quarter. Impax Asset Management Group plc now owns 15,612 shares of the financial services provider’s stock worth $3,054,000 after acquiring an additional 52 shares in the last quarter. Finally, Canal Capital Management LLC raised its stake in shares of The PNC Financial Services Group by 0.6% in the fourth quarter. Canal Capital Management LLC now owns 9,922 shares of the financial services provider’s stock worth $1,990,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 82.59% of the company’s stock.

In other news, EVP Michael P. Lyons sold 5,500 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $182.59, for a total value of $1,004,245.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by insiders.

Several research firms have recently weighed in on PNC. Barclays upgraded The PNC Financial Services Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $220.00 to $250.00 in a research note on Monday, January 3rd. Morgan Stanley decreased their price target on The PNC Financial Services Group from $209.00 to $196.00 and set an “underweight” rating for the company in a research note on Monday, March 28th. Credit Suisse Group upped their price objective on The PNC Financial Services Group from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Wednesday, January 19th. Argus reduced their price objective on The PNC Financial Services Group from $245.00 to $220.00 in a research report on Monday, April 18th. Finally, StockNews.com initiated coverage on The PNC Financial Services Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Hold” and a consensus price target of $219.53.

Shares of PNC traded down $4.98 during mid-day trading on Friday, hitting $166.10. 3,452,826 shares of the stock were exchanged, compared to its average volume of 2,469,765. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.78 and a current ratio of 0.75. The company has a market cap of $69.50 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 2.38 and a beta of 1.26. The PNC Financial Services Group, Inc. has a 52-week low of $165.59 and a 52-week high of $228.14. The firm has a 50-day moving average of $185.34 and a two-hundred day moving average of $199.29.

The PNC Financial Services Group (NYSE:PNC – Get Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.45. The business had revenue of $4.69 billion during 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 business’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the company posted $4.10 EPS. On average, sell-side analysts predict that The PNC Financial Services Group, Inc. will post 14.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 5th. Investors of record on Wednesday, April 13th will be given a $1.50 dividend. The ex-dividend date of this dividend is Tuesday, April 12th. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.25. This represents a $6.00 dividend on an annualized basis and a yield of 3.61%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 50.76%.

About The PNC Financial Services Group (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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