Vise Technologies Inc. boosted its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,593 shares of the financial services provider's stock after purchasing an additional 1,585 shares during the period. Vise Technologies Inc.'s holdings in The PNC Financial Services Group were worth $886,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Apeiron RIA LLC bought a new position in The PNC Financial Services Group in the fourth quarter valued at about $220,000. Brighton Jones LLC increased its position in shares of The PNC Financial Services Group by 32.2% during the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after purchasing an additional 984 shares during the last quarter. Encompass More Asset Management lifted its stake in shares of The PNC Financial Services Group by 26.7% in the 4th quarter. Encompass More Asset Management now owns 1,376 shares of the financial services provider's stock worth $265,000 after purchasing an additional 290 shares during the period. CX Institutional lifted its stake in shares of The PNC Financial Services Group by 17.5% in the 4th quarter. CX Institutional now owns 2,490 shares of the financial services provider's stock worth $480,000 after purchasing an additional 371 shares during the period. Finally, apricus wealth LLC boosted its holdings in shares of The PNC Financial Services Group by 0.6% in the fourth quarter. apricus wealth LLC now owns 12,997 shares of the financial services provider's stock worth $2,506,000 after buying an additional 75 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at The PNC Financial Services Group
In other The PNC Financial Services Group 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 transaction of $260,443.52. Following the sale, the executive vice president now directly owns 20,490 shares of the company's stock, valued at $3,576,734.40. The trade was 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 firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $178.83, for a total value of $222,106.86. Following the completion of the sale, the chief executive officer now directly owns 568,541 shares of the company's stock, valued at $101,672,187.03. The trade was 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 17,638 shares of company stock valued at $2,983,901 over the last 90 days. 0.41% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of analysts have commented on PNC shares. Citigroup reduced their target price on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 24th. The Goldman Sachs Group reduced their price objective on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Hsbc Global Res upgraded The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Morgan Stanley cut their price target on The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating for the company in a report on Wednesday, April 16th. Finally, HSBC upgraded The PNC Financial Services Group from a "hold" rating to a "buy" rating and reduced their price target for the stock from $206.00 to $202.00 in a research report on Monday, March 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $202.67.
Read Our Latest Stock Analysis on The PNC Financial Services Group
The PNC Financial Services Group Price Performance
PNC stock traded up $1.18 during mid-day trading on Thursday, hitting $175.15. The company had a trading volume of 1,293,449 shares, compared to its average volume of 2,414,354. The company has a 50-day moving average price of $165.15 and a 200 day moving average price of $185.14. The PNC Financial Services Group, Inc. has a 12-month low of $145.12 and a 12-month high of $216.26. The company has a market capitalization of $69.28 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 1.55 and a beta of 1.06. 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 (NYSE:PNC - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 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 for the quarter, compared to the consensus estimate of $5.50 billion. On average, research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.
The PNC Financial Services Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.65%. The ex-dividend date was Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is presently 45.20%.
About The PNC Financial Services Group
(
Free Report)
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.
Featured Articles
Before you consider The PNC Financial Services Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The PNC Financial Services Group wasn't on the list.
While The PNC Financial Services Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
