J.W. Cole Advisors Inc. Sells 1,910 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

J.W. Cole Advisors Inc. reduced its stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 39.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,960 shares of the financial services provider's stock after selling 1,910 shares during the period. J.W. Cole Advisors Inc.'s holdings in The PNC Financial Services Group were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new stake in shares of The PNC Financial Services Group during the third quarter valued at about $70,000. Ledyard National Bank raised its holdings in The PNC Financial Services Group by 2.8% in the 3rd quarter. Ledyard National Bank now owns 2,350 shares of the financial services provider's stock valued at $434,000 after buying an additional 64 shares during the last quarter. Foundations Investment Advisors LLC increased its position in The PNC Financial Services Group by 5.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 1,544 shares of the financial services provider's stock valued at $285,000 after acquiring an additional 86 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of The PNC Financial Services Group by 49.0% during the third quarter. Sequoia Financial Advisors LLC now owns 13,519 shares of the financial services provider's stock worth $2,499,000 after purchasing an additional 4,446 shares during the period. Finally, Signaturefd LLC grew its stake in shares of The PNC Financial Services Group by 2.2% in the third quarter. Signaturefd LLC now owns 7,068 shares of the financial services provider's stock worth $1,307,000 after purchasing an additional 155 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction on Friday, January 31st. The shares were sold at an average price of $202.11, for a total transaction 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. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 12,420 shares of company stock worth $2,474,722. Insiders own 0.42% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on PNC shares. Compass Point lifted their target price on 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. The Goldman Sachs Group lifted their price objective on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a "neutral" rating in a research note on Friday, December 6th. Piper Sandler increased their target price on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the company a "neutral" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Truist Financial increased their price objective on shares of The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a "hold" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $205.00.

The PNC Financial Services Group Stock Down 2.1 %

Shares of NYSE PNC traded down $3.94 during midday trading on Friday, hitting $187.95. 854,397 shares of the stock traded hands, compared to its average volume of 2,155,145. 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, Inc. has a one year low of $143.52 and a one year high of $216.26. The business has a 50 day moving average price of $196.34 and a two-hundred day moving average price of $191.49. The company has a market cap of $74.58 billion, a PE ratio of 13.66, a P/E/G ratio of 1.57 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating 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 business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the business posted $3.16 EPS. The PNC Financial Services Group's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were given a $1.60 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.41%. The PNC Financial Services Group's payout ratio is 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.