Rhino Investment Partners Inc Has $5.79 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Rhino Investment Partners Inc decreased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 76.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,045 shares of the financial services provider's stock after selling 97,000 shares during the quarter. The PNC Financial Services Group accounts for approximately 1.3% of Rhino Investment Partners Inc's holdings, making the stock its 27th biggest position. Rhino Investment Partners Inc's holdings in The PNC Financial Services Group were worth $5,794,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PNC. Baltimore Washington Financial Advisors Inc. increased its holdings in shares of The PNC Financial Services Group by 3.1% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 1,680 shares of the financial services provider's stock valued at $324,000 after purchasing an additional 51 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in The PNC Financial Services Group by 2.4% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,248 shares of the financial services provider's stock valued at $434,000 after buying an additional 53 shares during the period. Transcend Capital Advisors LLC lifted its position in The PNC Financial Services Group by 1.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 3,197 shares of the financial services provider's stock worth $616,000 after buying an additional 55 shares in the last quarter. Valmark Advisers Inc. boosted its stake in shares of The PNC Financial Services Group by 1.4% during the 4th quarter. Valmark Advisers Inc. now owns 4,010 shares of the financial services provider's stock valued at $773,000 after buying an additional 56 shares during the period. Finally, Gilbert & Cook Inc. grew its holdings in shares of The PNC Financial Services Group by 2.1% during the 4th quarter. Gilbert & Cook Inc. now owns 2,787 shares of the financial services provider's stock valued at $537,000 after acquiring an additional 58 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Performance

Shares of PNC traded up $4.55 during trading hours on Friday, reaching $165.54. 1,764,781 shares of the company traded hands, compared to its average volume of 2,009,884. The PNC Financial Services Group, Inc. has a 1-year low of $145.12 and a 1-year high of $216.26. The stock has a market cap of $65.51 billion, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The stock's fifty day moving average is $166.95 and its 200 day moving average is $187.35. 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 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 EPS for the quarter, topping analysts' consensus estimates of $3.47 by $0.04. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.50 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. Equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is 45.20%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PNC. Truist Financial reduced their price objective on The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Citigroup cut their price objective on shares of 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. The Goldman Sachs Group decreased their target price on shares of The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and cut their price target for the company from $206.00 to $202.00 in a report on Monday, March 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $200.88.

Insider Transactions at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 601 shares of the business's stock in a transaction on Monday, April 28th. The shares were sold at an average price of $160.00, for a total value of $96,160.00. Following the sale, the chief executive officer now owns 559,847 shares in the company, valued at approximately $89,575,520. The trade was a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin Pfinsgraff bought 1,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 2,009 shares in the company, valued at $317,863.98. This represents a 99.11 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 12,420 shares of company stock valued at $2,119,361. Company insiders own 0.41% of the company's stock.

The PNC Financial Services Group Company 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.