Howard Capital Management Inc. Has $515,000 Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Howard Capital Management Inc. lifted its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,670 shares of the financial services provider’s stock after acquiring an additional 135 shares during the quarter. Howard Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Dakota Wealth Management raised its position in shares of The PNC Financial Services Group by 5.5% in the third quarter. Dakota Wealth Management now owns 4,186 shares of the financial services provider’s stock valued at $774,000 after purchasing an additional 218 shares during the period. Allworth Financial LP grew its stake in The PNC Financial Services Group by 41.5% in the 3rd quarter. Allworth Financial LP now owns 14,183 shares of the financial services provider’s stock valued at $2,622,000 after buying an additional 4,162 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in The PNC Financial Services Group by 19.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,993 shares of the financial services provider’s stock worth $5,857,000 after acquiring an additional 5,223 shares during the period. Arkadios Wealth Advisors lifted its position in The PNC Financial Services Group by 194.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 6,418 shares of the financial services provider’s stock worth $1,186,000 after acquiring an additional 4,242 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its holdings in The PNC Financial Services Group by 5.2% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,943 shares of the financial services provider’s stock valued at $729,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Piper Sandler lifted their price objective on The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 3rd. Truist Financial lifted their price target on 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. Citigroup increased their price objective on The PNC Financial Services Group from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Wells Fargo & Company boosted their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group upped their target price on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $205.00.

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $186.68 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $195.80 and a 200 day moving average price of $192.09. The firm has a market capitalization of $74.07 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The PNC Financial Services Group, Inc. has a 12-month low of $143.52 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate 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 PNC Financial Services Group’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company earned $3.16 EPS. Research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently announced 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 3.43%. The PNC Financial Services Group’s dividend payout ratio is presently 46.55%.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $192.45, for a total value of $239,022.90. Following the transaction, the chief executive officer now directly owns 571,025 shares in the company, valued at $109,893,761.25. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 13,662 shares of company stock valued at $2,713,745. 0.42% of the stock is owned by insiders.

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.