Mitsubishi UFJ Asset Management Co. Ltd. Has $175.09 Million Stock Position in The PNC Financial Services Group, Inc $PNC

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 827,993 shares of the financial services provider's stock after purchasing an additional 35,091 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of The PNC Financial Services Group worth $175,087,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PNC. YANKCOM Partnership grew its position in The PNC Financial Services Group by 1.8% in the fourth quarter. YANKCOM Partnership now owns 2,583 shares of the financial services provider's stock valued at $539,000 after acquiring an additional 46 shares during the last quarter. Westfuller Advisors LLC lifted its holdings in shares of The PNC Financial Services Group by 26.9% in the fourth quarter. Westfuller Advisors LLC now owns 217 shares of the financial services provider's stock worth $45,000 after acquiring an additional 46 shares during the last quarter. Almanack Investment Partners LLC. lifted its holdings in shares of The PNC Financial Services Group by 2.2% in the fourth quarter. Almanack Investment Partners LLC. now owns 2,349 shares of the financial services provider's stock worth $490,000 after acquiring an additional 50 shares during the last quarter. North Star Investment Management Corp. boosted its stake in shares of The PNC Financial Services Group by 1.1% in the 4th quarter. North Star Investment Management Corp. now owns 4,784 shares of the financial services provider's stock valued at $999,000 after purchasing an additional 50 shares in the last quarter. Finally, PUREfi Wealth LLC boosted its stake in shares of The PNC Financial Services Group by 2.4% in the 4th quarter. PUREfi Wealth LLC now owns 2,305 shares of the financial services provider's stock valued at $481,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Richard Kevin Bynum sold 7,407 shares of the business's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $230.98, for a total value of $1,710,868.86. Following the transaction, the executive vice president directly owned 1,942 shares of the company's stock, valued at approximately $448,563.16. The trade was a 79.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander E. C. Overstrom sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total value of $584,775.00. Following the transaction, the executive vice president owned 21,120 shares in the company, valued at $4,940,179.20. The trade was a 10.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 64,186 shares of company stock valued at $14,840,973. Company insiders own 0.38% of the company's stock.

The PNC Financial Services Group Price Performance

PNC stock opened at $222.57 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.00. The firm has a market cap of $89.78 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 0.92 and a beta of 0.94. The company's fifty day simple moving average is $213.73 and its 200 day simple moving average is $209.16. The PNC Financial Services Group, Inc has a 12-month low of $163.31 and a 12-month high of $243.94.

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. On average, analysts expect that The PNC Financial Services Group, Inc will post 18.93 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of The PNC Financial Services Group in a research report on Thursday, March 26th. They set a "buy" rating and a $250.00 price objective for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of The PNC Financial Services Group in a research note on Friday, March 27th. Royal Bank Of Canada reiterated an "outperform" rating and set a $235.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, April 15th. Oppenheimer increased their price target on The PNC Financial Services Group from $263.00 to $268.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. Finally, Truist Financial raised their price objective on The PNC Financial Services Group from $234.00 to $245.00 and gave the company a "hold" rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $241.72.

About The PNC Financial Services Group

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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