Dynasty Wealth Management LLC Has $285,000 Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Dynasty Wealth Management LLC boosted its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,477 shares of the financial services provider’s stock after buying an additional 64 shares during the period. Dynasty Wealth Management LLC’s holdings in The PNC Financial Services Group were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA lifted its position in shares of The PNC Financial Services Group by 1.8% in the fourth quarter. Private Trust Co. NA now owns 10,122 shares of the financial services provider’s stock worth $1,952,000 after purchasing an additional 178 shares in the last quarter. Hosking Partners LLP boosted its stake in shares of The PNC Financial Services Group by 22.7% during the 4th quarter. Hosking Partners LLP now owns 85,129 shares of the financial services provider’s stock valued at $16,417,000 after buying an additional 15,747 shares during the period. Argyle Capital Management LLC grew its holdings in shares of The PNC Financial Services Group by 1.2% during the 4th quarter. Argyle Capital Management LLC now owns 32,903 shares of the financial services provider’s stock valued at $6,345,000 after acquiring an additional 385 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of The PNC Financial Services Group by 64.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,078 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 422 shares during the last quarter. Finally, Linscomb Wealth Inc. raised its holdings in shares of The PNC Financial Services Group by 7.6% during the fourth quarter. Linscomb Wealth Inc. now owns 2,221 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 156 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 other news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $209.24, for a total transaction of $259,876.08. Following the completion of the transaction, the chief executive officer now owns 532,523 shares of the company’s stock, valued at approximately $111,425,112.52. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 12,420 shares of company stock worth $2,445,461 in the last ninety days. 0.42% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PNC has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on 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. Piper Sandler boosted their price target on The PNC Financial Services Group from $200.00 to $220.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Truist Financial boosted their target price on shares of The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Finally, Wells Fargo & Company increased their price target on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of “Hold” and an average target price of $205.00.

The PNC Financial Services Group Trading Up 1.9 %

Shares of NYSE:PNC opened at $192.05 on Friday. The PNC Financial Services Group, Inc. has a 52-week low of $143.52 and a 52-week high of $216.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $76.00 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.55 and a beta of 1.16. The stock’s 50-day moving average is $195.42 and its 200-day moving average is $192.32.

The PNC Financial Services Group (NYSE:PNC) last released 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 PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the firm posted $3.16 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts predict 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 business also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is currently 46.55%.

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.