Gateway Funding Advisers LLC diminished its holdings in shares of The PNC Monetary Providers Group, Inc. (NYSE:PNC – Free Report) by 2.6% within the third quarter, in accordance with its most up-to-date submitting with the Securities & Trade Fee. The institutional investor owned 2,571 shares of the monetary providers supplier’s inventory after promoting 68 shares throughout the quarter. Gateway Funding Advisers LLC’s holdings in The PNC Monetary Providers Group had been value $475,000 on the finish of the newest reporting interval.
A number of different hedge funds additionally just lately made modifications to their positions within the enterprise. Valley Brook Capital Group Inc. grew its stake in shares of The PNC Monetary Providers Group by 0.6% throughout the 2nd quarter. Valley Brook Capital Group Inc. now owns 10,598 shares of the monetary providers supplier’s inventory value $1,648,000 after buying an extra 62 shares within the final quarter. Kowal Funding Group LLC grew its stake in shares of The PNC Monetary Providers Group by 2.6% within the second quarter. Kowal Funding Group LLC now owns 2,644 shares of the monetary providers supplier’s inventory valued at $411,000 after shopping for an extra 68 shares within the final quarter. Ranch Capital Advisors Inc. grew its stake in shares of The PNC Monetary Providers Group by 1.0% within the second quarter. Ranch Capital Advisors Inc. now owns 7,137 shares of the monetary providers supplier’s inventory valued at $1,110,000 after shopping for an extra 69 shares within the final quarter. Triangle Securities Wealth Administration grew its stake in shares of The PNC Monetary Providers Group by 1.8% within the first quarter. Triangle Securities Wealth Administration now owns 4,019 shares of the monetary providers supplier’s inventory valued at $649,000 after shopping for an extra 70 shares within the final quarter. Lastly, Cooper Monetary Group grew its stake in shares of The PNC Monetary Providers Group by 1.7% within the first quarter. Cooper Monetary Group now owns 4,241 shares of the monetary providers supplier’s inventory valued at $685,000 after shopping for an extra 70 shares within the final quarter. 83.53% of the inventory is owned by institutional traders.
Wall Road Analyst Weigh In
A number of equities analysts just lately weighed in on PNC shares. Financial institution of America raised shares of The PNC Monetary Providers Group from a “impartial” ranking to a “purchase” ranking and raised their goal worth for the corporate from $185.00 to $200.00 in a analysis word on Thursday, August fifteenth. Evercore ISI raised their goal worth on shares of The PNC Monetary Providers Group from $203.00 to $212.00 and gave the corporate an “outperform” ranking in a analysis word on Wednesday, October 2nd. Wells Fargo & Firm raised their goal worth on shares of The PNC Monetary Providers Group from $194.00 to $204.00 and gave the corporate an “obese” ranking in a analysis word on Wednesday, July seventeenth. UBS Group raised their goal worth on shares of The PNC Monetary Providers Group from $179.00 to $198.00 and gave the corporate a “purchase” ranking in a analysis word on Wednesday, July seventeenth. Lastly, Morgan Stanley raised their worth goal on The PNC Monetary Providers Group from $165.00 to $177.00 and gave the corporate an “underweight” ranking in a report on Tuesday, July thirtieth. Two funding analysts have rated the inventory with a promote ranking, seven have assigned a maintain ranking and 9 have assigned a purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, The PNC Monetary Providers Group at present has a consensus ranking of “Maintain” and a mean worth goal of $177.65.
Examine Out Our Newest Inventory Report on The PNC Monetary Providers Group
Insider Shopping for and Promoting at The PNC Monetary Providers Group
In associated information, CEO William S. Demchak bought 1,242 shares of The PNC Monetary Providers Group inventory in a transaction dated Friday, July twenty sixth. The inventory was bought at a mean worth of $180.48, for a complete worth of $224,156.16. Following the completion of the sale, the chief government officer now owns 560,911 shares of the corporate’s inventory, valued at roughly $101,233,217.28. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by way of this hyperlink. In different information, President Michael P. Lyons bought 11,000 shares of The PNC Monetary Providers Group inventory in a transaction dated Wednesday, July thirty first. The inventory was bought at a mean worth of $181.58, for a complete transaction of $1,997,380.00. Following the completion of the sale, the president now owns 199,095 shares within the firm, valued at roughly $36,151,670.10. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by way of this hyperlink. Additionally, CEO William S. Demchak bought 1,242 shares of The PNC Monetary Providers Group inventory in a transaction dated Friday, July twenty sixth. The shares had been bought at a mean worth of $180.48, for a complete worth of $224,156.16. Following the sale, the chief government officer now owns 560,911 shares of the corporate’s inventory, valued at roughly $101,233,217.28. This commerce represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders bought 23,420 shares of firm inventory value $4,212,785 within the final quarter. 0.42% of the inventory is at present owned by firm insiders.
The PNC Monetary Providers Group Value Efficiency
Shares of PNC opened at $187.77 on Monday. The corporate has a debt-to-equity ratio of 1.36, a fast ratio of 0.82 and a present ratio of 0.83. The PNC Monetary Providers Group, Inc. has a 52-week low of $109.40 and a 52-week excessive of $189.17. The enterprise’s 50 day shifting common worth is $178.68 and its two-hundred day shifting common worth is $166.20. The agency has a market cap of $74.71 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of two.01 and a beta of 1.14.
The PNC Monetary Providers Group (NYSE:PNC – Get Free Report) final introduced its quarterly earnings outcomes on Tuesday, July sixteenth. The monetary providers supplier reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.30. The PNC Monetary Providers Group had a return on fairness of 11.33% and a internet margin of 15.53%. The enterprise had income of $5.41 billion throughout the quarter, in comparison with the consensus estimate of $5.40 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $3.36 earnings per share. The PNC Monetary Providers Group’s income was up 2.2% in comparison with the identical quarter final 12 months. On common, equities analysts anticipate that The PNC Monetary Providers Group, Inc. will put up 13.18 EPS for the present 12 months.
The PNC Monetary Providers Group Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which can be paid on Tuesday, November fifth. Shareholders of file on Wednesday, October sixteenth can be paid a $1.60 dividend. The ex-dividend date is Wednesday, October sixteenth. This represents a $6.40 dividend on an annualized foundation and a yield of three.41%. The PNC Monetary Providers Group’s dividend payout ratio (DPR) is presently 53.74%.
The PNC Monetary Providers Group Profile
The PNC Monetary Providers Group, Inc operates as a diversified monetary providers firm in the USA. It operates by way of three segments: Retail Banking, Company & Institutional Banking, and Asset Administration Group segments. The corporate’s Retail Banking phase affords checking, financial savings, and cash market accounts, in addition to time deposit; residential mortgages, house fairness loans and features of credit score, auto loans, bank cards, schooling loans, and private and small enterprise loans and features of credit score; and brokerage, insurance coverage, and funding and money administration providers.
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