Czech National Bank Has $15.99 Million Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Czech National Bank grew its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,940 shares of the financial services provider's stock after purchasing an additional 4,909 shares during the quarter. Czech National Bank's holdings in The PNC Financial Services Group were worth $15,985,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 180 Wealth Advisors LLC grew its holdings 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 valued at $4,599,000 after purchasing an additional 2,752 shares during the period. Rhumbline Advisers grew its position in The PNC Financial Services Group by 2.0% in the 1st quarter. Rhumbline Advisers now owns 733,339 shares of the financial services provider's stock valued at $128,899,000 after buying an additional 14,549 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of The PNC Financial Services Group by 13.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 30,448 shares of the financial services provider's stock worth $5,352,000 after purchasing an additional 3,690 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of The PNC Financial Services Group by 4.1% during the 1st quarter. Beese Fulmer Investment Management Inc. now owns 4,648 shares of the financial services provider's stock worth $817,000 after buying an additional 182 shares during the last quarter. Finally, Summit Global Investments increased its position in The PNC Financial Services Group by 22.9% during the 1st quarter. Summit Global Investments now owns 4,074 shares of the financial services provider's stock worth $716,000 after purchasing an additional 760 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analysts Set New Price Targets

PNC has been the topic of several analyst reports. Truist Financial dropped their target price 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. TD Cowen started coverage on The PNC Financial Services Group in a research report on Thursday, May 15th. They issued a "buy" rating and a $233.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on The PNC Financial Services Group from $195.00 to $185.00 and set an "underperform" rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and lowered their price target for the company from $206.00 to $202.00 in a research report on Monday, March 31st. Two 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 assigned a strong buy rating to the stock. According to data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of "Moderate Buy" and an average target price of $202.67.

The PNC Financial Services Group Price Performance

NYSE PNC traded up $0.17 on Thursday, reaching $175.03. The company's stock had a trading volume of 337,012 shares, compared to its average volume of 2,048,194. The PNC Financial Services Group, Inc. has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $69.24 billion, a PE ratio of 12.72, a PEG ratio of 1.55 and a beta of 1.06. The firm's 50 day moving average is $165.10 and its two-hundred day moving average is $183.96.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.50 billion. As a group, sell-side analysts predict that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

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

Insider Buying and Selling

In related news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $171.15, for a total transaction of $212,568.30. Following the completion of the transaction, the chief executive officer now directly owns 567,299 shares in the company, valued at $97,093,223.85. The trade was a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Martin Pfinsgraff purchased 1,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $158.22 per share, with a total value of $158,220.00. Following the acquisition, the director now directly 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 16,396 shares of company stock worth $2,747,698 in the last 90 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.