Gladstone Institutional Advisory LLC Has $1.72 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Gladstone Institutional Advisory LLC grew its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,894 shares of the financial services provider's stock after acquiring an additional 1,550 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in The PNC Financial Services Group were worth $1,715,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TFB Advisors LLC increased its holdings in The PNC Financial Services Group by 3.3% during the 4th quarter. TFB Advisors LLC now owns 1,799 shares of the financial services provider's stock worth $347,000 after purchasing an additional 58 shares in the last quarter. Certuity LLC raised its position in The PNC Financial Services Group by 2.7% in the 4th quarter. Certuity LLC now owns 106,193 shares of the financial services provider's stock valued at $20,479,000 after buying an additional 2,777 shares during the last quarter. Community Financial Services Group LLC lifted its stake in The PNC Financial Services Group by 6.8% in the 4th quarter. Community Financial Services Group LLC now owns 34,359 shares of the financial services provider's stock valued at $6,626,000 after acquiring an additional 2,183 shares in the last quarter. Schear Investment Advisers LLC grew its stake in shares of The PNC Financial Services Group by 18.5% during the 4th quarter. Schear Investment Advisers LLC now owns 10,927 shares of the financial services provider's stock worth $2,107,000 after acquiring an additional 1,703 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of The PNC Financial Services Group in the fourth quarter valued at approximately $899,000. Institutional investors and hedge funds own 83.53% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PNC. Citigroup boosted their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Stephens reissued an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Morgan Stanley upped their price objective on The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an "underweight" rating in a research note on Friday, January 17th. Compass Point boosted their target price on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Finally, Truist Financial lifted their price objective on shares of The PNC Financial Services Group from $215.00 to $216.00 and gave the company a "hold" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $205.00.

Insider Activity

In related news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $202.11, for a total value of $251,020.62. Following the transaction, the chief executive officer now directly owns 522,587 shares of the company's stock, valued at $105,620,058.57. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 13,662 shares of company stock worth $2,730,549. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock traded down $1.52 during trading on Monday, reaching $193.91. The company's stock had a trading volume of 2,362,011 shares, compared to its average volume of 2,328,230. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The business's 50-day moving average price is $197.11 and its 200-day moving average price is $191.16. The PNC Financial Services Group, Inc. has a 52 week low of $139.69 and a 52 week high of $216.26. The firm has a market cap of $76.94 billion, a PE ratio of 14.10, a P/E/G ratio of 1.64 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the prior year, the business posted $3.16 EPS. The business's revenue was up 3.8% compared to the same quarter last year. Equities analysts forecast that The PNC Financial Services Group, Inc. will post 15.3 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were issued a $1.60 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.30%. The PNC Financial Services Group's dividend payout ratio is presently 46.55%.

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.