PNC Financial Services Group, I (NYSE:PNC).
Vontobel Asset Management Inc lowered its investment in PNC Financial Services Group, I by 206,565 shares as reported in a filing on 07/12/2017. Its stake was worth $94,825,000 a decrease of $22,480,000 as of the end of the quarter.
The following firms have also recently changed their position in PNC. As of quarter end Pennsylvania Trust Co had bought a total of 14,857 shares growing its position 42.8%. The value of the investment in PNC Financial Services Group, I increased from $4,178,000 to $6,197,000 a change of 48.3% since the last quarter. Gateway Investment Advisers LLC reduced its holdings by shedding 402 shares a decrease of 1.2%. Gateway Investment Advisers LLC owns 32,252 shares worth $4,027,000. The total value of its holdings increased 2.6%.
Laurel Grove Capital, LLC expanded its stake by buying 2,525 shares an increase of 16.8% from 03/31/2017 to 06/30/2017. Laurel Grove Capital, LLC claims 17,575 shares valued at $2,195,000. The value of the position overall is up by 21.3%.
On November 30 Deutsche Bank held the company rating at “Buy” and moved up the price target to $120.00 from $99.00. On November 29, 2016 the stock rating was set at “Market Perform” according to a Keefe Bruyette & Woods report down from the previous “Outperform” rating.
On October 17 the stock rating was upgraded from “Hold” to “Buy” in a report issued by Argus Research. On October 10 the company was downgraded to “Neutral” from “Buy” by Nomura.
On October 10 the company was downgraded from “Market Perform” to “Neutral” in an announcement from . On October 6 the stock rating was upgraded to “Market Perform” from “Underperform” in a report from .
The company is down by -0.47 percent from yesterday’s close. The company also recently announced a dividend for shareholders payable on Saturday August 5th, 2017. The dividend payment will be $0.750 per share for the quarter which comes to $3.00 on an annualized basis. This dividend amount will represent a yeild of $2.37. The ex-dividend date is Wednesday the 12th of April 2017.
Company chares are trading at $126.79 a bit higher than $121.09, the 50 day moving average and just a bit higher than the 200 day moving average of $120.99. The 50 day moving average was up $5.63 or +4.648% and the 200 day average was up $5.73.
The company currently has a P/E ratio of 16.711 and market capitalization is 61.32B. In the last earnings report the EPS was $7.58 and is expected to be $8.24 for the current year with 483,901,000 shares outstanding. Analysts expect next quarter’s EPS to be $2.10 and the next full year EPS is anticipated to be $9.14.