The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by BLB&B Advisors LLC

BLB&B Advisors LLC reduced its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,473 shares of the financial services provider’s stock after selling 128 shares during the quarter. BLB&B Advisors LLC’s holdings in The PNC Financial Services Group were worth $3,177,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PNC. CWM LLC increased its holdings in shares of The PNC Financial Services Group by 14.7% in the 3rd quarter. CWM LLC now owns 13,108 shares of the financial services provider’s stock worth $2,423,000 after acquiring an additional 1,681 shares during the period. Wedmont Private Capital grew its position in The PNC Financial Services Group by 12.4% in the 3rd quarter. Wedmont Private Capital now owns 4,399 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 486 shares during the last quarter. USA Financial Formulas increased its stake in shares of The PNC Financial Services Group by 7.6% in the third quarter. USA Financial Formulas now owns 1,287 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 91 shares during the period. UMB Bank n.a. raised its holdings in shares of The PNC Financial Services Group by 0.9% during the third quarter. UMB Bank n.a. now owns 14,728 shares of the financial services provider’s stock valued at $2,722,000 after buying an additional 132 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its position in shares of The PNC Financial Services Group by 2.1% during the third quarter. Quotient Wealth Partners LLC now owns 3,488 shares of the financial services provider’s stock worth $645,000 after buying an additional 73 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The PNC Financial Services Group

In related news, Director Andrew T. Feldstein sold 14,509 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the transaction, the director now directly owns 38,649 shares of the company’s stock, valued at approximately $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $208.12, for a total value of $258,485.04. Following the sale, the chief executive officer now owns 536,249 shares of the company’s stock, valued at $111,604,141.88. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,413 shares of company stock valued at $6,037,230 in the last three months. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Stock Down 0.8 %

Shares of The PNC Financial Services Group stock opened at $200.80 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a 12-month low of $139.69 and a 12-month high of $216.26. The firm has a market capitalization of $79.67 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The stock’s fifty day moving average is $198.68 and its 200-day moving average is $190.28.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.16 earnings per share. Equities analysts anticipate that The PNC Financial Services Group, Inc. will post 15.3 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.19%. The ex-dividend date was Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is 46.55%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PNC. Truist Financial lifted their target price on The PNC Financial Services Group from $215.00 to $216.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Evercore ISI upped their price objective on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley boosted their price target on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research report on Friday, January 17th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $205.00.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.