The PNC Financial Services Group, Inc. (NYSE:PNC) Stock Holdings Boosted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC increased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 269.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,168 shares of the financial services provider's stock after purchasing an additional 16,175 shares during the quarter. Aptus Capital Advisors LLC's holdings in The PNC Financial Services Group were worth $4,275,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of PNC. Vanguard Group Inc. raised its position in The PNC Financial Services Group by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 37,717,367 shares of the financial services provider's stock worth $7,273,794,000 after acquiring an additional 268,827 shares during the last quarter. Franklin Resources Inc. increased its position in The PNC Financial Services Group by 5.3% during the fourth quarter. Franklin Resources Inc. now owns 10,835,480 shares of the financial services provider's stock worth $2,089,622,000 after buying an additional 549,278 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of The PNC Financial Services Group by 10.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,538,310 shares of the financial services provider's stock valued at $1,453,763,000 after acquiring an additional 726,115 shares in the last quarter. Norges Bank acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter valued at $1,352,151,000. Finally, Northern Trust Corp raised its stake in The PNC Financial Services Group by 14.9% in the 4th quarter. Northern Trust Corp now owns 4,695,514 shares of the financial services provider's stock valued at $905,530,000 after purchasing an additional 608,375 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Down 0.2 %

NYSE PNC traded down $0.29 during mid-day trading on Friday, reaching $166.44. 1,671,199 shares of the company's stock traded hands, compared to its average volume of 2,024,893. 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 PNC Financial Services Group, Inc. has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a fifty day simple moving average of $164.74 and a 200-day simple moving average of $186.57. The company has a market cap of $65.84 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. As a group, equities research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th were given a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $6.40 annualized dividend and a dividend yield of 3.85%. The PNC Financial Services Group's payout ratio is 45.20%.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $163.16, for a total transaction of $202,644.72. Following the transaction, the chief executive officer now owns 558,605 shares of the company's stock, valued at $91,141,991.80. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin Pfinsgraff purchased 1,000 shares of the stock in a transaction dated Friday, April 25th. The stock was purchased at an average price of $158.22 per share, with a total value of $158,220.00. Following the completion of the acquisition, the director now directly owns 2,009 shares in the company, valued at approximately $317,863.98. The trade was a 99.11 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 13,662 shares of company stock worth $2,322,006. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PNC shares. Stephens restated an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Truist Financial lowered their price target on The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Citigroup cut their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Hsbc Global Res upgraded The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Royal Bank of Canada reduced their target price on The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $200.88.

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.