Rep. Julie Johnson Sells Off Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Representative Julie Johnson (D-Texas) recently sold shares of The PNC Financial Services Group, Inc. NYSE: PNC. In a filing disclosed on April 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in The PNC Financial Services Group stock on March 3rd. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Capital One Financial NYSE: COF on 3/21/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/19/2025.
• Purchased $1,001 - $15,000 in shares of The Cigna Group NYSE: CI on 3/19/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/14/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 3/12/2025.
• Purchased $1,001 - $15,000 in shares of 3M NYSE: MMM on 3/12/2025.
• Sold $1,001 - $15,000 in shares of Webster Financial NYSE: WBS on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Sonos NASDAQ: SONO on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 3/11/2025.
• Sold $1,001 - $15,000 in shares of Teradyne NASDAQ: TER on 3/3/2025.

The PNC Financial Services Group Price Performance

PNC stock traded up $2.33 during mid-day trading on Tuesday, hitting $152.46. 915,066 shares of the stock were exchanged, compared to its average volume of 1,987,458. The stock has a market capitalization of $60.34 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.55 and a beta of 1.04. 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 PNC Financial Services Group, Inc. has a 12 month low of $145.12 and a 12 month high of $216.26. The business has a fifty day moving average price of $172.72 and a 200 day moving average price of $189.01.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The firm 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, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Wednesday, April 16th will be paid a $1.60 dividend. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.20%. The PNC Financial Services Group's dividend payout ratio is presently 45.20%.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $202.11, for a total transaction of $251,020.62. Following the sale, the chief executive officer now owns 522,587 shares of the company's stock, valued at $105,620,058.57. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 11,819 shares of company stock worth $2,127,508. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PNC shares. Barclays dropped their target price on The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on shares of 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. Stephens reiterated an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Friday, January 17th. HSBC raised 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. Finally, Wells Fargo & Company dropped their price target on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $200.88.

Institutional Investors Weigh In On The PNC Financial Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in The PNC Financial Services Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 37,717,367 shares of the financial services provider's stock valued at $7,273,794,000 after buying an additional 268,827 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of The PNC Financial Services Group by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 10,835,480 shares of the financial services provider's stock worth $2,089,622,000 after buying an additional 549,278 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in The PNC Financial Services Group by 10.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,538,310 shares of the financial services provider's stock valued at $1,453,763,000 after buying an additional 726,115 shares during the last quarter. Norges Bank bought a new stake in The PNC Financial Services Group in the 4th quarter worth approximately $1,352,151,000. Finally, Northern Trust Corp raised its holdings in shares of The PNC Financial Services Group by 14.9% during the 4th quarter. Northern Trust Corp now owns 4,695,514 shares of the financial services provider's stock worth $905,530,000 after acquiring an additional 608,375 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

About The PNC Financial Services Group

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.