Caitlin John LLC Trims Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Caitlin John LLC lessened its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 17.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,390 shares of the financial services provider’s stock after selling 300 shares during the period. Caitlin John LLC’s holdings in The PNC Financial Services Group were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Czech National Bank boosted its stake in The PNC Financial Services Group by 6.8% during the third quarter. Czech National Bank now owns 80,974 shares of the financial services provider’s stock worth $14,968,000 after acquiring an additional 5,150 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of The PNC Financial Services Group by 14.4% during the third quarter. Diversified Trust Co now owns 4,193 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 528 shares during the last quarter. Axiom Advisory LLC boosted its position in shares of The PNC Financial Services Group by 8.7% in the 3rd quarter. Axiom Advisory LLC now owns 3,712 shares of the financial services provider’s stock worth $651,000 after purchasing an additional 298 shares in the last quarter. Legacy Private Trust Co. purchased a new stake in shares of The PNC Financial Services Group in the 3rd quarter worth approximately $217,000. Finally, Atomi Financial Group Inc. increased its position in The PNC Financial Services Group by 21.2% during the 3rd quarter. Atomi Financial Group Inc. now owns 4,847 shares of the financial services provider’s stock valued at $896,000 after buying an additional 848 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PNC. Evercore ISI boosted their target price on 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. Wells Fargo & Company increased their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Truist Financial lifted 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 report on Friday, January 17th. The Goldman Sachs Group increased their price target on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an “underperform” rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Hold” and an average price target of $205.00.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $189.29, for a total value of $235,098.18. Following the transaction, the chief executive officer now owns 530,039 shares of the company’s stock, valued at $100,331,082.31. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $210.09, for a total value of $3,048,195.81. Following the transaction, the director now directly owns 38,649 shares in the company, valued at approximately $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,413 shares of company stock valued at $6,037,230. 0.42% of the stock is owned by company insiders.

The PNC Financial Services Group Stock Up 0.0 %

PNC stock opened at $198.99 on Thursday. The company has a market cap of $78.96 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.63 and a beta of 1.16. 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 business’s 50-day moving average is $199.25 and its two-hundred day moving average is $190.14. The PNC Financial Services Group, Inc. has a fifty-two week low of $139.69 and a fifty-two week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the firm posted $3.16 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were paid a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.40 annualized dividend and a dividend yield of 3.22%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.55%.

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.