180 Wealth Advisors LLC Grows Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

180 Wealth Advisors LLC boosted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 11.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,166 shares of the financial services provider's stock after purchasing an additional 2,752 shares during the quarter. 180 Wealth Advisors LLC's holdings in The PNC Financial Services Group were worth $4,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers grew its holdings in shares of The PNC Financial Services Group by 2.0% during the first quarter. Rhumbline Advisers now owns 733,339 shares of the financial services provider's stock valued at $128,899,000 after buying an additional 14,549 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of The PNC Financial Services Group by 13.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 30,448 shares of the financial services provider's stock valued at $5,352,000 after buying an additional 3,690 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of The PNC Financial Services Group by 4.1% during the first quarter. Beese Fulmer Investment Management Inc. now owns 4,648 shares of the financial services provider's stock valued at $817,000 after buying an additional 182 shares during the last quarter. Summit Global Investments boosted its holdings in The PNC Financial Services Group by 22.9% in the first quarter. Summit Global Investments now owns 4,074 shares of the financial services provider's stock worth $716,000 after purchasing an additional 760 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in The PNC Financial Services Group by 19,279.5% in the first quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider's stock worth $201,961,000 after purchasing an additional 1,143,079 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

Insiders Place Their Bets

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

The PNC Financial Services Group Price Performance

PNC traded up $0.17 during trading on Thursday, hitting $175.03. 507,226 shares of the company traded hands, compared to its average volume of 2,048,847. The company has a market cap of $69.24 billion, a PE ratio of 12.73, a P/E/G ratio of 1.55 and a beta of 1.06. The stock's 50-day simple moving average is $165.10 and its two-hundred day simple moving average is $183.96. 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 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 (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.47 by $0.04. 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 $5.45 billion during the quarter, compared to analysts' expectations of $5.50 billion. As a group, sell-side 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were paid a $1.60 dividend. The ex-dividend date was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.66%. The PNC Financial Services Group's payout ratio is currently 45.20%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PNC. Keefe, Bruyette & Woods dropped their target price on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a report on Wednesday, April 16th. Morgan Stanley decreased their price target on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price target on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Truist Financial decreased their price target on shares of The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Finally, Hsbc Global Res upgraded shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $202.67.

About The PNC Financial Services Group

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.