Capital Asset Advisory Services LLC Grows Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Capital Asset Advisory Services LLC grew its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 14,791 shares of the financial services provider’s stock after purchasing an additional 213 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $2,894,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PNC. AXA S.A. increased its holdings in shares of The PNC Financial Services Group by 46.8% during the second quarter. AXA S.A. now owns 12,125 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 3,865 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of The PNC Financial Services Group by 14.2% during the second quarter. AQR Capital Management LLC now owns 45,448 shares of the financial services provider’s stock valued at $6,983,000 after acquiring an additional 5,640 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of The PNC Financial Services Group by 203.2% during the second quarter. APG Asset Management N.V. now owns 47,452 shares of the financial services provider’s stock valued at $6,884,000 after acquiring an additional 31,800 shares in the last quarter. Ascent Group LLC increased its holdings in shares of The PNC Financial Services Group by 11.3% during the second quarter. Ascent Group LLC now owns 7,594 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 768 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of The PNC Financial Services Group by 31.0% during the second quarter. NewEdge Advisors LLC now owns 32,794 shares of the financial services provider’s stock valued at $5,099,000 after acquiring an additional 7,765 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, Director Andrew T. Feldstein sold 14,509 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the sale, the director now directly owns 38,649 shares of the company’s stock, valued at $8,119,768.41. This trade represents a 27.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $189.50, for a total value of $235,359.00. Following the completion of the sale, the chief executive officer now directly owns 543,523 shares of the company’s stock, valued at $102,997,608.50. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,171 shares of company stock worth $5,777,926. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stephens reiterated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Barclays increased their price target on shares of 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. 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. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $212.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Piper Sandler increased their price target on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $205.00.

The PNC Financial Services Group Trading Up 0.9 %

Shares of NYSE:PNC opened at $199.49 on Monday. The PNC Financial Services Group, Inc. has a 1 year low of $139.69 and a 1 year high of $216.26. The firm has a market capitalization of $79.15 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. 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 business’s 50 day moving average price is $200.29 and its 200-day moving average price is $188.61.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 EPS. On average, equities research analysts forecast that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be issued a $1.60 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.21%. The PNC Financial Services Group’s 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.