The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Trilogy Capital Inc.

Trilogy Capital Inc. boosted its holdings in The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,092 shares of the financial services provider’s stock after purchasing an additional 622 shares during the quarter. Trilogy Capital Inc.’s holdings in The PNC Financial Services Group were worth $3,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Brookstone Capital Management increased its stake in The PNC Financial Services Group by 18.1% in the fourth quarter. Brookstone Capital Management now owns 12,131 shares of the financial services provider’s stock valued at $1,879,000 after purchasing an additional 1,855 shares during the last quarter. Asio Capital LLC acquired a new stake in The PNC Financial Services Group during the fourth quarter worth about $228,000. 17 Capital Partners LLC acquired a new stake in The PNC Financial Services Group during the fourth quarter worth about $1,101,000. Whittier Trust Co. of Nevada Inc. increased its stake in The PNC Financial Services Group by 379.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 42,915 shares of the financial services provider’s stock worth $6,645,000 after acquiring an additional 33,973 shares during the last quarter. Finally, Whittier Trust Co. increased its stake in The PNC Financial Services Group by 732.5% during the fourth quarter. Whittier Trust Co. now owns 87,730 shares of the financial services provider’s stock worth $13,585,000 after acquiring an additional 77,192 shares during the last quarter. 80.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Michael J. Hannon sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $148.82, for a total transaction of $446,460.00. Following the completion of the sale, the executive vice president now directly owns 36,570 shares of the company’s stock, valued at approximately $5,442,347.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Guild Deborah sold 1,533 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $132.51, for a total value of $203,137.83. Following the completion of the sale, the executive vice president now directly owns 17,092 shares of the company’s stock, valued at approximately $2,264,860.92. The disclosure for this sale can be found here. Corporate insiders own 0.39% of the company’s stock.

The PNC Financial Services Group Stock Down 0.2 %

PNC traded down $0.24 on Wednesday, reaching $145.71. The company’s stock had a trading volume of 1,178,403 shares, compared to its average volume of 2,152,017. The stock has a market cap of $57.96 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.68 and a beta of 1.19. The PNC Financial Services Group, Inc. has a 1 year low of $109.40 and a 1 year high of $157.69. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day moving average is $150.39 and its 200 day moving average is $133.74.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $1.04. The PNC Financial Services Group had a return on equity of 12.27% and a net margin of 17.50%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.30 billion. During the same period last year, the firm earned $3.49 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, research analysts forecast that The PNC Financial Services Group, Inc. will post 12.28 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, February 5th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, January 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 48.48%.

Analysts Set New Price Targets

Several equities research analysts have commented on PNC shares. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $128.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. StockNews.com lowered The PNC Financial Services Group from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. UBS Group increased their target price on The PNC Financial Services Group from $160.00 to $163.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Piper Sandler increased their target price on The PNC Financial Services Group from $125.00 to $143.00 and gave the company a “neutral” rating in a research note on Friday, December 8th. Finally, Keefe, Bruyette & Woods increased their target price on The PNC Financial Services Group from $125.00 to $145.00 and gave the company an “underperform” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $146.59.

Get Our Latest Report on The PNC Financial Services Group

The PNC Financial Services Group Company Profile

(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 certificates of 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.

See Also

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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