The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC raised its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 972.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,273 shares of the financial services provider's stock after purchasing an additional 6,595 shares during the quarter. Jaffetilchin Investment Partners LLC's holdings in The PNC Financial Services Group were worth $1,403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC acquired a new position in The PNC Financial Services Group in the 4th quarter valued at approximately $25,000. Richardson Financial Services Inc. raised its stake in The PNC Financial Services Group by 2,333.3% during the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock worth $28,000 after buying an additional 140 shares during the period. Albion Financial Group UT acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at about $30,000. Synergy Asset Management LLC bought a new stake in shares of The PNC Financial Services Group in the fourth quarter worth $32,000. Finally, Rialto Wealth Management LLC acquired a new position in The PNC Financial Services Group during the fourth quarter worth $32,000. Institutional investors own 83.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and dropped their target price for the company from $206.00 to $202.00 in a research report on Monday, March 31st. Stephens reissued an "equal weight" rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Truist Financial dropped their price target on shares of The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $200.88.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, January 24th. The shares were sold at an average price of $196.17, for a total value of $243,643.14. Following the sale, the chief executive officer now directly owns 523,829 shares of the company's stock, valued at $102,759,534.93. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 13,061 shares of company stock worth $2,373,424 in the last ninety days. Insiders own 0.41% of the company's stock.

The PNC Financial Services Group Stock Up 1.0 %

Shares of The PNC Financial Services Group stock traded up $1.54 during trading hours on Thursday, hitting $153.08. The company had a trading volume of 1,612,490 shares, compared to its average volume of 1,979,465. The company's 50-day moving average is $175.48 and its two-hundred day moving average is $189.51. The company has a market cap of $60.58 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a twelve month low of $145.12 and a twelve month high of $216.26. 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 (NYSE:PNC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.04. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. 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 business 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 dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 annualized dividend and a dividend yield of 4.18%. The PNC Financial Services Group's dividend payout ratio is presently 46.55%.

The PNC Financial Services Group 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.