The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,226 shares of the financial services provider's stock after acquiring an additional 4,770 shares during the period. Rockefeller Capital Management L.P.'s holdings in The PNC Financial Services Group were worth $27,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Winch Advisory Services LLC acquired a new position in The PNC Financial Services Group during the fourth quarter worth $25,000. Richardson Financial Services Inc. grew its holdings in shares of The PNC Financial Services Group by 2,333.3% in the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 140 shares during the period. Albion Financial Group UT purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $30,000. Synergy Asset Management LLC acquired a new position in The PNC Financial Services Group in the 4th quarter valued at about $32,000. Finally, Rialto Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 0.3 %

Shares of The PNC Financial Services Group stock traded up $0.51 during trading hours on Friday, reaching $152.05. 3,564,375 shares of the company were exchanged, compared to its average volume of 1,989,650. The firm has a market cap of $60.17 billion, a PE ratio of 11.06, a PEG ratio of 1.55 and a beta of 1.04. 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 1 year low of $145.12 and a 1 year high of $216.26. The stock's fifty day moving average is $173.63 and its 200 day moving average is $189.09.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.47 by $0.04. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. As a group, equities research analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th will be given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group's dividend payout ratio is presently 45.20%.

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 PNC Financial Services Group stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $202.11, for a total transaction of $251,020.62. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 11,819 shares of company stock valued at $2,127,508. Insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

PNC has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, March 24th. The Goldman Sachs Group decreased their price target on The PNC Financial Services Group from $180.00 to $172.00 and set a "neutral" rating on the stock in a research note on Wednesday. Royal Bank of Canada cut their price objective on The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an "underweight" rating on the stock in a research report on Wednesday. Finally, Truist Financial dropped their price target on shares of The PNC Financial Services Group from $208.00 to $189.00 and set a "hold" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of "Hold" and a consensus target price of $200.88.

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.