Radnor Capital Management LLC Sells 600 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Radnor Capital Management LLC cut its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,223 shares of the financial services provider’s stock after selling 600 shares during the period. Radnor Capital Management LLC’s holdings in The PNC Financial Services Group were worth $2,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PNC. Parallel Advisors LLC lifted its stake in The PNC Financial Services Group by 8.4% in the 2nd quarter. Parallel Advisors LLC now owns 3,594 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 277 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of The PNC Financial Services Group by 5.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 24,146 shares of the financial services provider’s stock worth $3,754,000 after purchasing an additional 1,236 shares during the period. WINTON GROUP Ltd raised its position in shares of The PNC Financial Services Group by 32.3% in the second quarter. WINTON GROUP Ltd now owns 6,453 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 1,576 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in The PNC Financial Services Group by 5.6% during the second quarter. Brown Brothers Harriman & Co. now owns 21,914 shares of the financial services provider’s stock valued at $3,407,000 after buying an additional 1,159 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in The PNC Financial Services Group by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,231,728 shares of the financial services provider’s stock worth $346,926,000 after buying an additional 100,993 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $192.88, for a total transaction 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. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the completion of the transaction, the director now directly owns 915 shares of the company’s stock, valued at approximately $170,299.80. The trade was a 48.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,272 shares of company stock worth $6,164,890 over the last quarter. 0.42% of the stock is owned by corporate insiders.

The PNC Financial Services Group Price Performance

PNC stock opened at $195.81 on Wednesday. The stock has a market capitalization of $77.69 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 2.11 and a beta of 1.16. The firm’s 50-day moving average price is $201.75 and its two-hundred day moving average price is $186.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.22. The PNC Financial Services Group, Inc. has a 12-month low of $139.69 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.19. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The PNC Financial Services Group’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $1.60 per share. The ex-dividend date is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.27%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 54.10%.

Analyst Upgrades and Downgrades

PNC has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price target on The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Truist Financial began coverage on shares of The PNC Financial Services Group in a research note on Tuesday, January 7th. They issued a “hold” rating and a $215.00 target price on the stock. Compass Point increased their price target on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Morgan Stanley upped their target price on shares of The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently 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.