665 Shares in PNC Financial Services Group Inc (NYSE:PNC) Acquired by West Bancorporation Inc.

West Bancorporation Inc. purchased a new stake in shares of PNC Financial Services Group Inc (NYSE:PNC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 665 shares of the financial services provider’s stock, valued at approximately $106,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cypress Capital Group raised its stake in shares of PNC Financial Services Group by 0.8% during the fourth quarter. Cypress Capital Group now owns 8,069 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 66 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of PNC Financial Services Group by 3.7% in the fourth quarter. Wedbush Securities Inc. now owns 1,976 shares of the financial services provider’s stock valued at $315,000 after buying an additional 71 shares during the period. Moody Lynn & Lieberson LLC increased its position in shares of PNC Financial Services Group by 2.7% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,743 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 71 shares in the last quarter. Quest Capital Management Inc. ADV lifted its position in PNC Financial Services Group by 2.0% in the 4th quarter. Quest Capital Management Inc. ADV now owns 3,599 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 71 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. boosted its stake in PNC Financial Services Group by 0.7% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 10,870 shares of the financial services provider’s stock worth $1,736,000 after purchasing an additional 72 shares during the period. 70.99% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on PNC shares. Odeon Capital Group initiated coverage on PNC Financial Services Group in a report on Monday, November 25th. They set a “hold” rating for the company. UBS Group reduced their price objective on PNC Financial Services Group from $157.00 to $154.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. ValuEngine downgraded PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Morgan Stanley increased their price objective on PNC Financial Services Group from $160.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. Finally, Barclays reissued a “hold” rating and issued a $181.00 target price on shares of PNC Financial Services Group in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $156.45.

PNC traded down $4.22 on Friday, hitting $126.40. 4,900,446 shares of the company were exchanged, compared to its average volume of 2,147,914. PNC Financial Services Group Inc has a 12 month low of $118.70 and a 12 month high of $161.79. The company has a market cap of $55.55 billion, a PE ratio of 11.09, a PEG ratio of 1.49 and a beta of 1.14. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.90 and a current ratio of 0.91. The stock’s fifty day moving average is $152.75 and its 200-day moving average is $146.76.

PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $2.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.92 by $0.05. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. PNC Financial Services Group had a return on equity of 10.92% and a net margin of 24.83%. The business’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. As a group, equities research analysts expect that PNC Financial Services Group Inc will post 11.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Friday, January 17th were paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, January 16th. PNC Financial Services Group’s dividend payout ratio is currently 40.39%.

In other news, EVP E William Parsley III sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $152.20, for a total value of $3,044,000.00. Also, EVP Joseph E. Rockey sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $155.00, for a total transaction of $1,550,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 44,178 shares of company stock valued at $6,771,967. 0.37% of the stock is currently owned by insiders.

About PNC Financial Services Group

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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

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