PNC Financial Services Group, I (NYSE:PNC).
Vontobel Asset Management Inc says it sold 206,565 shares during the last quarter decreasing its exposure to PNC Financial Services Group, I by 21.7%. Its stake was worth $94,825,000 a decrease of $22,480,000 as of the end of the quarter.
Here are some other firms who have updated their holdings. As of quarter end Pennsylvania Trust Co had acquired 14,857 shares growing its position 42.8%. The value of the total investment in PNC Financial Services Group, I went from $4,178,000 to $6,197,000 increasing 48.3% quarter over quarter. Gateway Investment Advisers LLC divested its holdings by shedding 402 shares a decrease of 1.2% as of 06/30/2017. Gateway Investment Advisers LLC currently owns 32,252 shares valued at $4,027,000. The total value of its holdings increased 2.6%.
As of the end of the quarter Laurel Grove Capital, LLC had bought a total of 2,525 shares growing its stake by 16.8%. The value of the investment in PNC Financial Services Group, I increased from $1,810,000 to $2,195,000 a change of $385,000 since the last quarter.
On November 30 Deutsche Bank left the stock rating at “Buy” but raised the price target from $99.00 to $120.00. On November 29 the stock rating was downgraded to “Market Perform” from “Outperform” by analysts at Keefe Bruyette & Woods.
On October 17, 2016 the stock rating was set at “Buy” in a report from Argus Research a boost from the previous “Hold” rating. On October 10 the company was downgraded from “Buy” to “Neutral” in a statement from Nomura.
On October 10 the company was downgraded to “Neutral” from “Market Perform” in an announcement from . On October 6 the stock rating was upgraded from “Underperform” to “Market Perform” in a report from .
In the market the company is trading down from yesterday’s close of $127.39. The company recently announced a dividend for shareholders that will be paid on Saturday the 5th of August 2017. The dividend payment will be $0.750 per share for the quarter or $3.00 annualized. The dividend yield will be $2.37. The ex-dividend date will be Wednesday the 12th of April 2017.
The stock is trading at $126.80 slightly over the 50 day moving average of $121.09 and which is slightly above the 200 day moving average of $120.99. The 50 day moving average was up by +4.51% and the 200 day average moved up $5.56.
The company’s P/E ratio is 16.69 and the market cap of the company is 61.24B. As of the last earnings report the EPS was $7.58 and is estimated to be $8.24 for the current year with 483,901,000 shares now outstanding. Next quarter’s EPS is forecasted at $2.10 with next year’s EPS anticipated to be $9.14.