The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. trimmed its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,109 shares of the financial services provider’s stock after selling 81 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in The PNC Financial Services Group were worth $2,026,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PNC. Genesis Private Wealth LLC acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $253,000. Simon Quick Advisors LLC grew its stake in The PNC Financial Services Group by 10.4% in the 4th quarter. Simon Quick Advisors LLC now owns 1,421 shares of the financial services provider’s stock valued at $274,000 after acquiring an additional 134 shares during the last quarter. Atomi Financial Group Inc. raised its position in The PNC Financial Services Group by 10.4% during the fourth quarter. Atomi Financial Group Inc. now owns 5,352 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 505 shares during the last quarter. Chesapeake Wealth Management lifted its holdings in shares of The PNC Financial Services Group by 4.8% in the fourth quarter. Chesapeake Wealth Management now owns 1,411 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 65 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in The PNC Financial Services Group by 10.2% during the 4th quarter. Ballentine Partners LLC now owns 7,679 shares of the financial services provider’s stock valued at $1,481,000 after buying an additional 711 shares during the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $198.59 on Wednesday. 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 company has a market capitalization of $78.80 billion, a PE ratio of 14.44, a PEG ratio of 1.62 and a beta of 1.16. The stock’s 50 day moving average price is $201.17 and its 200-day moving average price is $187.72. The PNC Financial Services Group, Inc. has a twelve month low of $139.69 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.51. The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.16 EPS. On average, equities analysts anticipate that The PNC Financial Services Group, Inc. will post 15.2 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be issued a $1.60 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.22%. The PNC Financial Services Group’s payout ratio is currently 46.55%.

Analyst Ratings Changes

A number of research analysts have weighed in on PNC shares. Piper Sandler increased their price target on The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price 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. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the company an “underweight” rating in a research note on Friday, January 17th. Compass Point increased their price target on 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. Finally, Evercore ISI upped their target price on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $205.00.

Insider Buying and Selling

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 14,509 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 38,649 shares in the company, valued at $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $189.50, for a total value of $235,359.00. Following the completion of the transaction, the chief executive officer now owns 543,523 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 28,171 shares of company stock worth $5,768,325. Corporate insiders own 0.42% of the company’s stock.

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.