Czech National Bank Has $16.59 Million Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Czech National Bank lifted its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,031 shares of the financial services provider's stock after acquiring an additional 5,057 shares during the quarter. Czech National Bank's holdings in The PNC Financial Services Group were worth $16,591,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its stake in The PNC Financial Services Group by 12,940.0% in the third quarter. International Assets Investment Management LLC now owns 536,989 shares of the financial services provider's stock valued at $99,262,000 after buying an additional 532,871 shares during the period. Assenagon Asset Management S.A. raised its position in shares of The PNC Financial Services Group by 160.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 702,384 shares of the financial services provider's stock valued at $129,836,000 after acquiring an additional 433,178 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in The PNC Financial Services Group by 152.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 457,700 shares of the financial services provider's stock worth $71,163,000 after acquiring an additional 276,200 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in The PNC Financial Services Group by 88.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 585,431 shares of the financial services provider's stock valued at $108,217,000 after purchasing an additional 274,186 shares during the period. Finally, Hsbc Holdings PLC increased its stake in The PNC Financial Services Group by 24.1% in the second quarter. Hsbc Holdings PLC now owns 1,351,548 shares of the financial services provider's stock valued at $209,962,000 after purchasing an additional 262,654 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

Insider Buying and Selling at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $190.57, for a total transaction of $236,687.94. Following the transaction, the chief executive officer now owns 546,007 shares in the company, valued at approximately $104,052,553.99. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew T. Feldstein sold 14,509 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the sale, the director now owns 38,649 shares of the company's stock, valued at $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,272 shares of company stock worth $6,164,890 over the last 90 days. Company insiders own 0.42% of the company's stock.

The PNC Financial Services Group Stock Up 1.8 %

Shares of NYSE PNC traded up $3.38 during trading hours on Tuesday, hitting $195.81. The company had a trading volume of 1,732,594 shares, compared to its average volume of 1,996,376. The PNC Financial Services Group, Inc. has a 1-year low of $139.69 and a 1-year 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 1.22. The firm's 50 day moving average is $201.75 and its 200-day moving average is $186.58. The stock has a market capitalization of $77.69 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $3.49 EPS for the quarter, beating analysts' consensus estimates of $3.30 by $0.19. The firm had revenue of $5.43 billion during the quarter, compared to analysts' expectations of $5.39 billion. The PNC Financial Services Group had a net margin of 14.97% and a return on equity of 10.88%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.60 earnings per share. On average, analysts expect that The PNC Financial Services Group, Inc. will post 13.45 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 15th will be given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, January 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 54.10%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PNC shares. Stephens boosted their price target on shares of The PNC Financial Services Group from $185.00 to $200.00 and gave the company an "equal weight" rating in a report on Wednesday, October 16th. Piper Sandler increased their price target on The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a "neutral" rating in a report on Tuesday, December 3rd. Truist Financial initiated coverage on The PNC Financial Services Group in a report on Tuesday, January 7th. They set a "hold" rating and a $215.00 price objective on the stock. Morgan Stanley increased their target price on The PNC Financial Services Group from $177.00 to $180.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 16th. Finally, Citigroup lifted their price target on shares of The PNC Financial Services Group from $200.00 to $235.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $203.29.

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.