TFB Advisors LLC increased its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,799 shares of the financial services provider’s stock after acquiring an additional 58 shares during the quarter. TFB Advisors LLC’s holdings in The PNC Financial Services Group were worth $347,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Winch Advisory Services LLC acquired a new position in shares of The PNC Financial Services Group during the fourth quarter valued at about $25,000. Richardson Financial Services Inc. increased its position in The PNC Financial Services Group by 2,333.3% in the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider’s stock valued at $28,000 after buying an additional 140 shares in the last quarter. Albion Financial Group UT acquired a new position in The PNC Financial Services Group during the 4th quarter worth approximately $30,000. Synergy Asset Management LLC bought a new position in The PNC Financial Services Group in the fourth quarter worth approximately $32,000. Finally, Financial Life Planners acquired a new stake in The PNC Financial Services Group in the fourth quarter valued at approximately $37,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at The PNC Financial Services Group
In other news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $205.98, for a total transaction of $255,827.16. Following the transaction, the chief executive officer now owns 535,007 shares of the company’s stock, valued at $110,200,741.86. This represents a 0.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 14,904 shares of company stock worth $2,989,034 in the last quarter. Insiders own 0.42% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on The PNC Financial Services Group
The PNC Financial Services Group Stock Performance
Shares of The PNC Financial Services Group stock opened at $195.54 on Thursday. The business’s fifty day simple moving average is $197.92 and its 200 day simple moving average is $190.87. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a 12 month low of $139.69 and a 12 month high of $216.26. The firm has a market capitalization of $77.59 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The company had revenue of $5.57 billion for 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 business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.16 EPS. As a group, analysts anticipate that The PNC Financial Services Group, Inc. will post 15.3 EPS for the current year.
The PNC Financial Services Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio is currently 46.55%.
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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