36,300 Shares in The PNC Financial Services Group, Inc $PNC Bought by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,300 shares of the financial services provider's stock, valued at approximately $7,577,000.

Several other large investors have also bought and sold shares of the stock. Mcdonald Partners LLC raised its position in The PNC Financial Services Group by 3.5% during the 4th quarter. Mcdonald Partners LLC now owns 7,165 shares of the financial services provider's stock worth $1,496,000 after purchasing an additional 245 shares during the last quarter. Benjamin Edwards Inc. raised its position in The PNC Financial Services Group by 1.3% during the 4th quarter. Benjamin Edwards Inc. now owns 25,073 shares of the financial services provider's stock worth $5,234,000 after purchasing an additional 310 shares during the last quarter. SevenBridge Financial Group LLC raised its position in The PNC Financial Services Group by 0.9% during the 4th quarter. SevenBridge Financial Group LLC now owns 31,906 shares of the financial services provider's stock worth $7,043,000 after purchasing an additional 293 shares during the last quarter. Cornerstone Planning Group LLC raised its position in The PNC Financial Services Group by 2,100.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 176 shares of the financial services provider's stock worth $39,000 after purchasing an additional 168 shares during the last quarter. Finally, Composition Wealth LLC raised its position in The PNC Financial Services Group by 4.4% during the 4th quarter. Composition Wealth LLC now owns 3,185 shares of the financial services provider's stock worth $665,000 after purchasing an additional 135 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $220.92 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $213.91 and a two-hundred day moving average price of $208.57. The PNC Financial Services Group, Inc has a 1-year low of $163.11 and a 1-year high of $243.94. The company has a market cap of $89.11 billion, a P/E ratio of 12.84, a PEG ratio of 0.92 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping analysts' consensus estimates of $3.92 by $0.40. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same period last year, the business posted $3.51 EPS. The business's revenue was up 13.1% compared to the same quarter last year. As a group, analysts anticipate that The PNC Financial Services Group, Inc will post 18.93 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 14th will be paid a $1.70 dividend. The ex-dividend date is Tuesday, April 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 39.51%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley raised their target price on The PNC Financial Services Group from $263.00 to $267.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 16th. Oppenheimer raised their target price on The PNC Financial Services Group from $263.00 to $268.00 and gave the stock an "outperform" rating in a research report on Thursday, April 16th. Wells Fargo & Company raised their target price on The PNC Financial Services Group from $252.00 to $264.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their target price on The PNC Financial Services Group from $237.50 to $238.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Truist Financial increased their price target on The PNC Financial Services Group from $234.00 to $245.00 and gave the stock a "hold" rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, The PNC Financial Services Group has a consensus rating of "Moderate Buy" and a consensus price target of $241.72.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Alexander E. C. Overstrom sold 2,500 shares of the firm's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total value of $584,775.00. Following the completion of the sale, the executive vice president directly owned 21,120 shares in the company, valued at $4,940,179.20. This trade represents a 10.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Louis Robert Cestello sold 4,279 shares of the firm's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $234.01, for a total value of $1,001,328.79. Following the completion of the sale, the executive vice president owned 18,867 shares of the company's stock, valued at approximately $4,415,066.67. This represents a 18.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 64,186 shares of company stock valued at $14,840,973. 0.38% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC's core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.

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