UMB Bank n.a. lifted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,728 shares of the financial services provider’s stock after buying an additional 132 shares during the quarter. UMB Bank n.a.’s holdings in The PNC Financial Services Group were worth $2,722,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of PNC. Biltmore Family Office LLC lifted its stake in shares of The PNC Financial Services Group by 0.5% in the fourth quarter. Biltmore Family Office LLC now owns 16,183 shares of the financial services provider’s stock valued at $2,506,000 after purchasing an additional 85 shares during the period. Groupama Asset Managment acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter worth approximately $23,578,000. Grayhawk Investment Strategies Inc. purchased a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $1,200,000. Fort Sheridan Advisors LLC grew its holdings in The PNC Financial Services Group by 2.8% in the fourth quarter. Fort Sheridan Advisors LLC now owns 4,254 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 117 shares during the last quarter. Finally, O Dell Group LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $205,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.
Insider Transactions at The PNC Financial Services Group
In other news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $176.67, for a total transaction of $219,424.14. Following the sale, the chief executive officer now owns 562,153 shares in the company, valued at $99,315,570.51. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $176.67, for a total transaction of $219,424.14. Following the completion of the sale, the chief executive officer now owns 562,153 shares in the company, valued at $99,315,570.51. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael P. Lyons sold 11,000 shares of The PNC Financial Services Group stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $181.58, for a total transaction of $1,997,380.00. Following the completion of the sale, the president now owns 199,095 shares of the company’s stock, valued at approximately $36,151,670.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,420 shares of company stock valued at $4,212,785 over the last quarter. Company insiders own 0.42% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on PNC
The PNC Financial Services Group Stock Up 0.1 %
Shares of PNC opened at $183.37 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.36. The firm has a market cap of $72.89 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 2.01 and a beta of 1.14. The company’s fifty day moving average is $178.18 and its two-hundred day moving average is $165.73. The PNC Financial Services Group, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $187.78.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.30. The PNC Financial Services Group had a return on equity of 11.33% and a net margin of 15.53%. The business had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the company posted $3.36 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Analysts forecast that The PNC Financial Services Group, Inc. will post 13.18 earnings per share for the current year.
The PNC Financial Services Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 5th. Shareholders of record on Wednesday, October 16th will be given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.49%. The ex-dividend date is Wednesday, October 16th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 53.60%.
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.
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