NBC Securities Inc. Purchases 5,059 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

NBC Securities Inc. lifted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 126,475.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,063 shares of the financial services provider's stock after acquiring an additional 5,059 shares during the period. NBC Securities Inc.'s holdings in The PNC Financial Services Group were worth $890,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Baker Tilly Wealth Management LLC boosted its holdings in shares of The PNC Financial Services Group by 19.3% in the first quarter. Baker Tilly Wealth Management LLC now owns 1,860 shares of the financial services provider's stock worth $327,000 after acquiring an additional 301 shares during the period. Czech National Bank raised its position in shares of The PNC Financial Services Group by 5.7% in the first quarter. Czech National Bank now owns 90,940 shares of the financial services provider's stock worth $15,985,000 after buying an additional 4,909 shares in the last quarter. 180 Wealth Advisors LLC raised its position in shares of The PNC Financial Services Group by 11.8% in the first quarter. 180 Wealth Advisors LLC now owns 26,166 shares of the financial services provider's stock worth $4,599,000 after buying an additional 2,752 shares in the last quarter. Rhumbline Advisers raised its position in shares of The PNC Financial Services Group by 2.0% in the first quarter. Rhumbline Advisers now owns 733,339 shares of the financial services provider's stock worth $128,899,000 after buying an additional 14,549 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of The PNC Financial Services Group by 13.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 30,448 shares of the financial services provider's stock worth $5,352,000 after buying an additional 3,690 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

Insider Activity at The PNC Financial Services Group

In related news, EVP Kieran John Fallon sold 1,492 shares of the firm's stock in a transaction 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 completion of the sale, the executive vice president now owns 20,490 shares of the company's stock, valued at $3,576,734.40. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $178.83, for a total transaction of $222,106.86. Following the completion of the transaction, the chief executive officer now owns 568,541 shares of the company's stock, valued at $101,672,187.03. This trade represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,396 shares of company stock worth $2,747,698 in the last 90 days. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

PNC has been the topic of a number of recent analyst reports. HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $206.00 to $202.00 in a research report on Monday, March 31st. Royal Bank of Canada lowered their price objective on The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating on the stock in a research report on Wednesday, April 16th. Truist Financial lowered their price objective on 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, JPMorgan Chase & Co. lowered their price target on 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. Two equities research 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $202.67.

The PNC Financial Services Group Trading Down 0.1%

Shares of PNC traded down $0.20 during trading hours on Thursday, hitting $174.66. The company had a trading volume of 1,552,171 shares, compared to its average volume of 2,052,894. The firm has a market cap of $69.09 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.55 and a beta of 1.06. The stock's 50 day moving average price is $165.10 and its 200 day moving average price is $183.96. The company has a quick ratio of 0.81, a current 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.04. The company 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, research analysts predict that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

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

The PNC Financial Services Group Company 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.