Northwest & Ethical Investments L.P. Has $197,000 Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Northwest & Ethical Investments L.P. decreased its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 86.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,025 shares of the financial services provider's stock after selling 6,657 shares during the period. Northwest & Ethical Investments L.P.'s holdings in The PNC Financial Services Group were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PNC. Magnetar Financial LLC acquired a new stake in The PNC Financial Services Group in the 4th quarter valued at about $3,770,000. Teacher Retirement System of Texas lifted its stake in The PNC Financial Services Group by 42.4% during the fourth quarter. Teacher Retirement System of Texas now owns 172,035 shares of the financial services provider's stock valued at $33,177,000 after purchasing an additional 51,206 shares during the last quarter. Sandy Spring Bank boosted its holdings in The PNC Financial Services Group by 1.4% during the fourth quarter. Sandy Spring Bank now owns 4,901 shares of the financial services provider's stock worth $945,000 after buying an additional 67 shares in the last quarter. Royal London Asset Management Ltd. grew its position in The PNC Financial Services Group by 0.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 356,103 shares of the financial services provider's stock worth $68,674,000 after buying an additional 1,851 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in shares of The PNC Financial Services Group by 161.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,425 shares of the financial services provider's stock valued at $468,000 after buying an additional 1,499 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Barclays boosted their price objective on The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Citigroup decreased their target price on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Piper Sandler boosted their price target on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the company a "neutral" rating in a report on Tuesday, December 3rd. Finally, Compass Point raised their price objective on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $201.65.

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 firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $192.15, for a total value of $238,650.30. Following the completion of the sale, the chief executive officer now owns 527,555 shares in the company, valued at approximately $101,369,693.25. This trade represents a 0.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 13,662 shares of company stock valued at $2,582,789 in the last ninety days. Company insiders own 0.42% of the company's stock.

The PNC Financial Services Group Stock Down 1.0 %

PNC stock traded down $1.82 during trading hours on Thursday, hitting $175.10. The company's stock had a trading volume of 2,324,356 shares, compared to its average volume of 1,769,550. The company has a market capitalization of $69.30 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. The PNC Financial Services Group, Inc. has a 12 month low of $143.52 and a 12 month high of $216.26. 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 stock has a 50 day moving average price of $188.86 and a two-hundred day moving average price of $192.20.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same quarter last year, the firm posted $3.16 EPS. The company's revenue was up 3.8% on a year-over-year basis. On average, equities research analysts expect 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 business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, January 15th. The PNC Financial Services Group's dividend payout ratio (DPR) 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.