Quantinno Capital Management LP Has $5.40 Million Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Quantinno Capital Management LP boosted its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 17.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,981 shares of the financial services provider's stock after purchasing an additional 4,221 shares during the period. Quantinno Capital Management LP's holdings in The PNC Financial Services Group were worth $5,396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC. Richardson Financial Services Inc. boosted its stake in The PNC Financial Services Group by 2,333.3% during the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock worth $28,000 after acquiring an additional 140 shares in the last quarter. Albion Financial Group UT purchased a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $30,000. Synergy Asset Management LLC purchased a new stake in The PNC Financial Services Group during the 4th quarter valued at $32,000. Rialto Wealth Management LLC bought a new stake in The PNC Financial Services Group during the 4th quarter valued at about $32,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at about $33,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of PNC stock traded down $1.28 on Tuesday, hitting $177.36. 1,084,314 shares of the stock traded hands, compared to its average volume of 2,047,510. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The company's fifty day moving average is $165.19 and its 200 day moving average is $186.07. 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 market capitalization of $70.16 billion, a PE ratio of 12.90, a PEG ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.50 billion. On average, equities research analysts predict 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 business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is presently 45.20%.

Wall Street Analysts Forecast Growth

PNC has been the subject of several research analyst reports. 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 for the company in a research report on Friday, March 28th. Hsbc Global Res raised shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research note 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 for the company in a research report on Wednesday, April 16th. Citigroup reduced their price target on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Finally, Truist Financial reduced their target price on The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $202.67.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $192.45, for a total transaction of $239,022.90. Following the transaction, the chief executive officer now directly owns 571,025 shares in the company, valued at $109,893,761.25. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Martin Pfinsgraff bought 1,000 shares of the business's stock in a transaction on Friday, April 25th. The shares were purchased at an average cost of $158.22 per share, with a total value of $158,220.00. Following the transaction, the director now owns 2,009 shares in the company, valued at approximately $317,863.98. The trade was a 99.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 17,638 shares of company stock valued at $3,012,095 over the last ninety days. Corporate 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.