The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,770 shares of the financial services provider's stock after acquiring an additional 1,658 shares during the period. SevenBridge Financial Group LLC's holdings in The PNC Financial Services Group were worth $4,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PNC. Vanguard Group Inc. boosted its holdings in The PNC Financial Services Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 37,717,367 shares of the financial services provider's stock worth $7,273,794,000 after buying an additional 268,827 shares during the last quarter. State Street Corp grew its stake in shares of The PNC Financial Services Group by 0.6% during the third quarter. State Street Corp now owns 17,299,381 shares of the financial services provider's stock worth $3,197,791,000 after purchasing an additional 100,573 shares in the last quarter. Franklin Resources Inc. lifted its position in The PNC Financial Services Group by 5.3% in the fourth quarter. Franklin Resources Inc. now owns 10,835,480 shares of the financial services provider's stock valued at $2,089,622,000 after acquiring an additional 549,278 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of The PNC Financial Services Group by 2.0% in the third quarter. Geode Capital Management LLC now owns 8,367,424 shares of the financial services provider's stock valued at $1,541,155,000 after buying an additional 166,138 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of The PNC Financial Services Group by 10.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,538,310 shares of the financial services provider's stock worth $1,453,763,000 after acquiring an additional 726,115 shares during the period. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $198.00, for a total transaction of $245,916.00. Following the completion of the transaction, the chief executive officer now owns 525,071 shares in the company, valued at $103,964,058. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 12,420 shares of company stock worth $2,320,739 in the last quarter. Company insiders own 0.41% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of PNC traded down $3.23 during mid-day trading on Monday, hitting $149.87. The stock had a trading volume of 1,899,874 shares, compared to its average volume of 1,906,096. The firm has a market cap of $59.31 billion, a P/E ratio of 10.91, a PEG ratio of 1.55 and a beta of 1.04. The business has a fifty day moving average price of $184.93 and a 200-day moving average price of $191.80. The PNC Financial Services Group, Inc. has a 52 week low of $143.52 and a 52 week 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 released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.16 earnings per share. On average, equities research analysts expect that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Wednesday, April 16th will be given a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 4.27%. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, March 24th. Barclays raised their target price on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a report on Monday, January 6th. Morgan Stanley cut their price target on shares of The PNC Financial Services Group from $188.00 to $179.00 and set an "underweight" rating on the stock in a report on Monday. Hsbc Global Res raised shares of The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 31st. Finally, Truist Financial reduced their price objective on The PNC Financial Services Group from $216.00 to $208.00 and set a "hold" rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of "Hold" and an average target price of $203.47.

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.