Whittier Trust Co. of Nevada Inc. Grows Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Whittier Trust Co. of Nevada Inc. lifted its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 74,523 shares of the financial services provider's stock after purchasing an additional 4,764 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in The PNC Financial Services Group were worth $14,372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PNC. Bank of New York Mellon Corp raised its position in The PNC Financial Services Group by 22.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,870,548 shares of the financial services provider's stock valued at $746,435,000 after purchasing an additional 710,311 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of The PNC Financial Services Group by 88.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 585,431 shares of the financial services provider's stock worth $108,217,000 after acquiring an additional 274,186 shares in the last quarter. Toronto Dominion Bank boosted its position in shares of The PNC Financial Services Group by 129.3% during the third quarter. Toronto Dominion Bank now owns 447,755 shares of the financial services provider's stock valued at $82,768,000 after purchasing an additional 252,473 shares in the last quarter. Proficio Capital Partners LLC bought a new position in The PNC Financial Services Group in the fourth quarter worth $37,587,000. Finally, KBC Group NV boosted its holdings in shares of The PNC Financial Services Group by 214.4% during the 4th quarter. KBC Group NV now owns 271,588 shares of the financial services provider's stock valued at $52,375,000 after buying an additional 185,210 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

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The PNC Financial Services Group Price Performance

NYSE PNC traded up $0.30 on Tuesday, reaching $176.84. The company had a trading volume of 2,035,865 shares, compared to its average volume of 1,761,982. The firm's 50 day moving average price is $189.70 and its 200 day moving average price is $192.31. The PNC Financial Services Group, Inc. has a 12 month low of $143.52 and a 12 month high of $216.26. The stock has a market capitalization of $69.98 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.26 by $0.51. The company 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 firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.16 earnings per share. As a group, equities analysts predict that The PNC Financial Services Group, Inc. will post 15.37 earnings per share 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. This represents a $6.40 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group's dividend payout ratio is presently 46.55%.

Insider Activity at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business's stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $192.15, for a total value of $238,650.30. Following the sale, the chief executive officer now directly owns 527,555 shares in the company, valued at $101,369,693.25. The trade was a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 13,662 shares of company stock valued at $2,582,789 over the last 90 days. 0.42% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group lowered their price objective on The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Citigroup reduced their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday. Compass Point boosted 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 report on Tuesday, December 10th. Finally, Stephens reaffirmed an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $201.65.

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.