WINTON GROUP Ltd Has $1.18 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

WINTON GROUP Ltd boosted its position in The PNC Financial Services Group, Inc. (NYSE:PNC) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,116 shares of the financial services provider’s stock after buying an additional 478 shares during the period. WINTON GROUP Ltd’s holdings in The PNC Financial Services Group were worth $1,179,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in The PNC Financial Services Group by 7.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 632,298 shares of the financial services provider’s stock worth $123,696,000 after buying an additional 45,125 shares in the last quarter. Korea Investment CORP lifted its position in shares of The PNC Financial Services Group by 20.1% during the fourth quarter. Korea Investment CORP now owns 398,062 shares of the financial services provider’s stock valued at $76,766,000 after purchasing an additional 66,594 shares in the last quarter. Ausdal Financial Partners Inc. purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $249,000. Financial Counselors Inc. boosted its stake in shares of The PNC Financial Services Group by 2.2% in the 4th quarter. Financial Counselors Inc. now owns 136,524 shares of the financial services provider’s stock worth $26,329,000 after buying an additional 2,988 shares during the last quarter. Finally, Ipsen Advisor Group LLC purchased a new stake in shares of The PNC Financial Services Group during the fourth quarter valued at approximately $668,000. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 1.8 %

Shares of NYSE:PNC opened at $171.83 on Friday. The firm has a market capitalization of $68.00 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The PNC Financial Services Group, Inc. has a 52-week low of $143.52 and a 52-week high of $216.26. The firm has a fifty day moving average of $187.91 and a 200 day moving average of $192.01.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The firm 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 11.12% and a net margin of 17.10%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.16 EPS. As a group, research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.55%.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, January 10th. The shares were sold at an average price of $192.88, for a total value of $239,556.96. Following the transaction, the chief executive officer now owns 526,313 shares in the company, valued at $101,515,251.44. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 12,420 shares of company stock worth $2,342,313. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on PNC. Stephens reaffirmed an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Piper Sandler lifted their price target on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group reduced their price objective on The PNC Financial Services Group from $211.00 to $188.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Truist Financial upped their price target on The PNC Financial Services Group from $215.00 to $216.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Finally, Citigroup decreased their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating for the company in a report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $204.25.

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.