The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC raised its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,243 shares of the financial services provider’s stock after acquiring an additional 96 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in The PNC Financial Services Group were worth $423,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its stake in shares of The PNC Financial Services Group by 5.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,544 shares of the financial services provider’s stock worth $285,000 after buying an additional 86 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of The PNC Financial Services Group by 12,940.0% during the 3rd quarter. International Assets Investment Management LLC now owns 536,989 shares of the financial services provider’s stock worth $99,262,000 after buying an additional 532,871 shares during the last quarter. Brighton Jones LLC raised its stake in shares of The PNC Financial Services Group by 4.4% during the 3rd quarter. Brighton Jones LLC now owns 3,057 shares of the financial services provider’s stock worth $565,000 after buying an additional 129 shares during the last quarter. Dakota Wealth Management raised its stake in shares of The PNC Financial Services Group by 5.5% during the 3rd quarter. Dakota Wealth Management now owns 4,186 shares of the financial services provider’s stock worth $774,000 after buying an additional 218 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth $229,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 2.1 %

PNC opened at $187.90 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market capitalization of $74.55 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. The business has a 50-day moving average of $196.08 and a two-hundred day moving average of $191.64. The PNC Financial Services Group, Inc. has a 12 month low of $143.52 and a 12 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 EPS for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.51 billion. During the same quarter in the previous year, the business earned $3.16 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is currently 46.55%.

Insider Transactions at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $216.01, for a total transaction of $268,284.42. Following the completion of the sale, the chief executive officer now owns 533,765 shares in the company, valued at approximately $115,298,577.65. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 12,420 shares of company stock worth $2,474,722. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PNC shares. Piper Sandler lifted 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. Compass Point lifted their price target on The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group boosted their target price on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Wells Fargo & Company boosted their target price on shares of 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. Finally, Morgan Stanley boosted their target price 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. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $205.00.

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.