Yukon Wealth Management Inc. Acquires Shares of 3,248 The PNC Financial Services Group, Inc (NYSE:PNC)

Yukon Wealth Management Inc. bought a new position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,248 shares of the financial services provider's stock, valued at approximately $571,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock worth $779,000 after acquiring an additional 984 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of The PNC Financial Services Group by 4.0% in the 4th quarter. Fisher Asset Management LLC now owns 3,737 shares of the financial services provider's stock worth $721,000 after purchasing an additional 143 shares during the last quarter. Norden Group LLC raised its position in shares of The PNC Financial Services Group by 10.7% in the 4th quarter. Norden Group LLC now owns 3,900 shares of the financial services provider's stock worth $752,000 after purchasing an additional 377 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in The PNC Financial Services Group by 9.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,205 shares of the financial services provider's stock worth $425,000 after purchasing an additional 185 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in The PNC Financial Services Group by 30.5% during the 4th quarter. Jones Financial Companies Lllp now owns 27,887 shares of the financial services provider's stock valued at $5,378,000 after purchasing an additional 6,514 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PNC. Royal Bank Of Canada decreased their target price on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group boosted their price objective on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday. Wells Fargo & Company reduced their target price on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Finally, Truist Financial decreased their price target on The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.00.

Insider Activity

In other The PNC Financial Services Group news, Director Martin Pfinsgraff purchased 1,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were bought at an average cost of $158.22 per share, with a total value of $158,220.00. Following the acquisition, the director owned 2,009 shares in the company, valued at approximately $317,863.98. This trade represents a 99.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kieran John Fallon sold 1,492 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $174.56, for a total transaction of $260,443.52. Following the sale, the executive vice president directly owned 20,490 shares of the company's stock, valued at approximately $3,576,734.40. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,428 shares of company stock worth $1,882,322 over the last ninety days. Corporate insiders own 0.41% of the company's stock.

The PNC Financial Services Group Stock Performance

NYSE PNC traded up $0.72 during trading hours on Thursday, hitting $196.43. 1,025,809 shares of the company's stock traded hands, compared to its average volume of 2,101,567. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $77.70 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.62 and a beta of 1.07. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The business's fifty day moving average price is $174.39 and its two-hundred day moving average price is $180.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.50 billion. Equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

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.