Epoch Investment Partners Inc. Sells 21,386 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Epoch Investment Partners Inc. lowered its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,332 shares of the financial services provider's stock after selling 21,386 shares during the period. Epoch Investment Partners Inc. owned about 0.09% of The PNC Financial Services Group worth $66,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in The PNC Financial Services Group by 1.0% during the 3rd quarter. Principal Financial Group Inc. now owns 2,275,472 shares of the financial services provider's stock worth $420,621,000 after buying an additional 22,271 shares in the last quarter. Morse Asset Management Inc acquired a new stake in shares of The PNC Financial Services Group during the third quarter worth $481,000. Wealthquest Corp bought a new stake in The PNC Financial Services Group in the third quarter valued at about $212,000. Wilmington Savings Fund Society FSB lifted its stake in The PNC Financial Services Group by 86.4% in the third quarter. Wilmington Savings Fund Society FSB now owns 34,446 shares of the financial services provider's stock valued at $6,367,000 after buying an additional 15,962 shares during the period. Finally, Synovus Financial Corp boosted its holdings in The PNC Financial Services Group by 3.7% during the third quarter. Synovus Financial Corp now owns 14,232 shares of the financial services provider's stock worth $2,631,000 after buying an additional 509 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 0.5 %

Shares of The PNC Financial Services Group stock traded down $0.75 on Friday, reaching $159.00. 331,329 shares of the company were exchanged, compared to its average volume of 1,989,044. The PNC Financial Services Group, Inc. has a one year low of $145.12 and a one year high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $170.50 and a 200 day moving average of $188.40. The company has a market capitalization of $62.92 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 1.55 and a beta of 1.04.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, beating analysts' consensus estimates of $3.47 by $0.04. The firm had revenue of $5.45 billion during the quarter, compared to analysts' expectations 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, equities research analysts forecast 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 will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 45.20%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PNC shares. 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 research report on Monday, March 31st. Stephens reissued an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Wells Fargo & Company dropped their price objective on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. The Goldman Sachs Group decreased their target price 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. Finally, Truist Financial decreased 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of "Hold" and a consensus price target of $200.88.

Insider Buying and Selling at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $192.45, for a total value of $239,022.90. Following the transaction, the chief executive officer now directly owns 571,025 shares of the company's stock, valued at $109,893,761.25. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 11,218 shares of company stock worth $1,980,335 over the last 90 days. Company insiders own 0.41% of the company's stock.

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.