The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Bill Few Associates Inc.

Bill Few Associates Inc. lifted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,908 shares of the financial services provider’s stock after purchasing an additional 115 shares during the period. Bill Few Associates Inc.’s holdings in The PNC Financial Services Group were worth $2,297,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in The PNC Financial Services Group by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 581,389 shares of the financial services provider’s stock valued at $112,121,000 after acquiring an additional 27,006 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its stake in shares of The PNC Financial Services Group by 0.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 9,958 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 86 shares in the last quarter. SG Americas Securities LLC raised its position in shares of The PNC Financial Services Group by 817.4% during the 4th quarter. SG Americas Securities LLC now owns 153,801 shares of the financial services provider’s stock worth $29,661,000 after purchasing an additional 137,037 shares during the last quarter. Magnus Financial Group LLC lifted its stake in The PNC Financial Services Group by 44.2% in the 4th quarter. Magnus Financial Group LLC now owns 3,381 shares of the financial services provider’s stock valued at $652,000 after buying an additional 1,036 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in The PNC Financial Services Group during the 4th quarter valued at $30,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Down 1.1 %

PNC stock opened at $196.41 on Thursday. 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 firm has a 50 day simple moving average of $200.66 and a 200-day simple moving average of $188.08. The company has a market capitalization of $77.93 billion, a P/E ratio of 14.28, a PEG ratio of 1.61 and a beta of 1.16. The PNC Financial Services Group, Inc. has a twelve month low of $139.69 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.16 EPS. On average, equities research analysts predict that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be given a $1.60 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.26%. The PNC Financial Services Group’s payout ratio is 46.55%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PNC. Keefe, Bruyette & Woods upped their target price on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the company an “underperform” rating in a report on Wednesday, October 16th. Truist Financial boosted their price target on The PNC Financial Services Group from $215.00 to $216.00 and gave the company a “hold” rating in a report on Friday, January 17th. Barclays raised their price objective on The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Finally, Compass Point lifted their price target on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Hold” and an average target price of $205.00.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $189.50, for a total value of $235,359.00. Following the completion of the transaction, the chief executive officer now directly owns 543,523 shares of the company’s stock, valued at approximately $102,997,608.50. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the sale, the director now owns 38,649 shares in the company, valued at approximately $8,119,768.41. This trade represents a 27.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,413 shares of company stock worth $6,014,241. 0.42% of the stock is currently owned by insiders.

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.