The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,979 shares of the financial services provider’s stock after selling 109 shares during the quarter. Trust Co. of Vermont’s holdings in The PNC Financial Services Group were worth $767,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Premier Path Wealth Partners LLC grew its position in shares of The PNC Financial Services Group by 25.9% in the fourth quarter. Premier Path Wealth Partners LLC now owns 4,702 shares of the financial services provider’s stock valued at $907,000 after purchasing an additional 967 shares during the period. Sanibel Captiva Trust Company Inc. boosted its stake in The PNC Financial Services Group by 4.8% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 17,854 shares of the financial services provider’s stock worth $3,443,000 after buying an additional 823 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in The PNC Financial Services Group by 26.8% in the 4th quarter. Arkadios Wealth Advisors now owns 8,136 shares of the financial services provider’s stock valued at $1,569,000 after buying an additional 1,718 shares during the period. Dakota Community Bank & Trust NA increased its stake in shares of The PNC Financial Services Group by 27.8% during the 4th quarter. Dakota Community Bank & Trust NA now owns 593 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 129 shares during the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. lifted its holdings in shares of The PNC Financial Services Group by 6.4% during the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 5,547 shares of the financial services provider’s stock worth $1,070,000 after acquiring an additional 333 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Up 0.9 %

NYSE:PNC opened at $198.36 on Friday. The company has a market cap of $78.71 billion, a PE ratio of 16.77, a P/E/G ratio of 1.77 and a beta of 1.16. The business’s 50 day moving average is $201.40 and its two-hundred day moving average is $187.03. 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, Inc. has a 52 week low of $139.69 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter in the previous year, the company posted $3.16 earnings per share. The firm’s revenue was up 3.8% on a year-over-year basis. On average, analysts predict that The PNC Financial Services Group, Inc. will post 13.47 EPS for the current year.

The PNC Financial Services Group Announces Dividend

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 given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio is presently 54.10%.

Insider Buying and Selling

In related news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $190.27, for a total transaction of $236,315.34. Following the completion of the transaction, the chief executive officer now directly owns 544,765 shares in the company, valued at $103,652,436.55. This represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the sale, the director now owns 38,649 shares in the company, valued at $8,119,768.41. The trade was a 27.29 % 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 worth $5,928,202 over the last quarter. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PNC has been the subject of a number of recent analyst reports. Compass Point boosted their target price on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on The PNC Financial Services Group from $199.00 to $208.00 and gave the company an “underweight” rating in a report on Friday. Truist Financial upped their price target on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their price objective on 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. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $205.00.

The PNC Financial Services Group Company 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.