Machina Capital S.A.S. Has $5.08 Million Position in The PNC Financial Services Group, Inc (NYSE:PNC)

Machina Capital S.A.S. lifted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 208.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,917 shares of the financial services provider's stock after buying an additional 19,540 shares during the period. The PNC Financial Services Group comprises 1.5% of Machina Capital S.A.S.'s investment portfolio, making the stock its 2nd largest position. Machina Capital S.A.S.'s holdings in The PNC Financial Services Group were worth $5,083,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PNC. Cornerstone Planning Group LLC lifted its stake in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 65 shares during the last quarter. REAP Financial Group LLC grew its position in The PNC Financial Services Group by 67.2% during the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after acquiring an additional 80 shares during the last quarter. Hoey Investments Inc. purchased a new position in The PNC Financial Services Group in the 4th quarter worth approximately $39,000. True Wealth Design LLC increased its stake in The PNC Financial Services Group by 41.5% in the 4th quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after purchasing an additional 59 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $35,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Down 0.1%

PNC traded down $0.20 during trading on Friday, reaching $195.95. The stock had a trading volume of 1,817,324 shares, compared to its average volume of 2,743,946. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $77.51 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.46 and a beta of 1.07. The stock's 50 day moving average is $183.93 and its two-hundred day moving average is $180.38. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.39 EPS. As a group, analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $1.70 per share. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date is Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.47%. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 46.51%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PNC shares. Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Truist Financial increased their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Barclays lowered their price objective on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Raymond James Financial upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 target price for the company in a report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $212.76.

Insider Buying and Selling

In other news, EVP Kieran John Fallon sold 1,492 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president directly owned 20,490 shares of the company's stock, valued at $3,576,734.40. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $169.75, for a total value of $210,829.50. Following the transaction, the chief executive officer directly owned 554,879 shares of the company's stock, valued at approximately $94,190,710.25. This trade represents a 0.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,061 shares of company stock valued at $1,199,723 in the last ninety days. Insiders own 0.41% of the company's stock.

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.