111 Capital Acquires Shares of 3,487 The PNC Financial Services Group, Inc. (NYSE:PNC)

111 Capital acquired a new position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,487 shares of the financial services provider's stock, valued at approximately $672,000.

Other hedge funds have also added to or reduced their stakes in the company. Richardson Financial Services Inc. increased its stake in shares of The PNC Financial Services Group by 2,333.3% in the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $32,000. Rialto Wealth Management LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $32,000. Whipplewood Advisors LLC purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $33,000. Finally, Financial Life Planners purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $37,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 0.1%

Shares of PNC traded up $0.12 during mid-day trading on Monday, reaching $173.93. The company's stock had a trading volume of 2,178,893 shares, compared to its average volume of 2,055,970. The stock has a market cap of $68.80 billion, a PE ratio of 12.65, a P/E/G ratio of 1.55 and a beta of 1.06. 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 52 week low of $145.12 and a 52 week high of $216.26. The company's fifty day moving average price is $165.01 and its two-hundred day moving average price is $184.08.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. On average, analysts predict 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 declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.68%. The PNC Financial Services Group's dividend payout ratio is currently 45.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PNC shares. The Goldman Sachs Group reduced their target price on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and reduced their target price for the stock from $206.00 to $202.00 in a research note on Monday, March 31st. Keefe, Bruyette & Woods reduced their target price on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating for the company in a research note on Wednesday, April 16th. Truist Financial reduced their price objective on shares of The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a research note on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.67.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Kieran John Fallon sold 1,492 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $174.56, for a total transaction of $260,443.52. Following the transaction, the executive vice president now directly owns 20,490 shares of the company's stock, valued at approximately $3,576,734.40. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $171.15, for a total transaction of $212,568.30. Following the transaction, the chief executive officer now directly owns 567,299 shares in the company, valued at approximately $97,093,223.85. The trade was a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,396 shares of company stock worth $2,747,698 in the last three months. 0.41% 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.