The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Everpar Advisors LLC

Everpar Advisors LLC grew its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,389 shares of the financial services provider’s stock after purchasing an additional 77 shares during the quarter. Everpar Advisors LLC’s holdings in The PNC Financial Services Group were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PNC. Bradley Foster & Sargent Inc. CT raised its holdings in shares of The PNC Financial Services Group by 4.6% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 8,839 shares of the financial services provider’s stock valued at $1,374,000 after acquiring an additional 388 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in The PNC Financial Services Group by 9.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 29,510 shares of the financial services provider’s stock valued at $4,588,000 after purchasing an additional 2,670 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in The PNC Financial Services Group by 7.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 13,387 shares of the financial services provider’s stock valued at $2,081,000 after purchasing an additional 908 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in The PNC Financial Services Group by 13.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,902 shares of the financial services provider’s stock worth $5,092,000 after purchasing an additional 3,815 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in The PNC Financial Services Group by 216.5% during the 2nd quarter. Blair William & Co. IL now owns 45,739 shares of the financial services provider’s stock worth $7,112,000 after purchasing an additional 31,289 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 2.1 %

NYSE:PNC opened at $196.23 on Friday. The PNC Financial Services Group, Inc. has a 52 week low of $139.69 and a 52 week high of $216.26. The stock’s fifty day moving average is $201.65 and its two-hundred day moving average is $186.67. The stock has a market capitalization of $77.86 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.22.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results 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 analysts’ expectations of $5.51 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The PNC Financial Services Group’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period last year, the business posted $3.16 EPS. Research analysts anticipate that The PNC Financial Services Group, Inc. will post 13.47 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 54.10%.

Insider Buying and Selling

In other The PNC Financial Services Group news, Director Martin Pfinsgraff sold 859 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $186.12, for a total value of $159,877.08. Following the completion of the transaction, the director now owns 915 shares in the company, valued at $170,299.80. The trade was a 48.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $189.50, for a total value of $235,359.00. Following the completion of the sale, the chief executive officer now owns 543,523 shares in the company, valued at approximately $102,997,608.50. 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 29,030 shares of company stock valued at $5,928,202 in the last ninety days. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Stephens raised their price target on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Piper Sandler increased their price target on The PNC Financial Services Group from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective on The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods upped their target price on 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 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. According to data from MarketBeat, The PNC Financial Services Group has a consensus rating of “Hold” and an average target price of $203.29.

About The PNC Financial Services Group

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.