Vontobel Holding Ltd. Has $5.41 Million Stock Holdings in The PNC Financial Services Group, Inc. (NYSE:PNC)

Vontobel Holding Ltd. lowered its position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 16.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,043 shares of the financial services provider's stock after selling 5,425 shares during the period. Vontobel Holding Ltd.'s holdings in The PNC Financial Services Group were worth $5,408,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PNC. Catalyst Financial Partners LLC grew its position in The PNC Financial Services Group by 5.1% in the 4th quarter. Catalyst Financial Partners LLC now owns 1,329 shares of the financial services provider's stock valued at $256,000 after buying an additional 64 shares in the last quarter. Asset Management One Co. Ltd. grew its position in The PNC Financial Services Group by 2.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 158,514 shares of the financial services provider's stock valued at $30,638,000 after buying an additional 3,395 shares in the last quarter. Windward Private Wealth Management Inc. bought a new position in The PNC Financial Services Group in the 4th quarter valued at about $208,000. McClarren Financial Advisors Inc. bought a new position in The PNC Financial Services Group in the 4th quarter valued at about $64,000. Finally, Allspring Global Investments Holdings LLC grew its position in The PNC Financial Services Group by 69.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 50,440 shares of the financial services provider's stock valued at $9,670,000 after buying an additional 20,621 shares in the last quarter. Institutional investors own 83.53% of the company's stock.

Insider Buying and Selling

In related news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $216.01, for a total value of $268,284.42. Following the transaction, the chief executive officer now owns 533,765 shares in the company, valued at approximately $115,298,577.65. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 13,662 shares of company stock worth $2,730,549. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PNC. Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $199.00 to $208.00 and gave the company an "underweight" rating in a research report on Friday, January 17th. Stephens reissued an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Friday, January 17th. Truist Financial upped their price target on shares of The PNC Financial Services Group from $215.00 to $216.00 and gave the company a "hold" rating in a report on Friday, January 17th. Citigroup upped 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 report on Monday, November 25th. Finally, Barclays upped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $205.00.

The PNC Financial Services Group Stock Down 1.2 %

Shares of NYSE PNC traded down $2.33 during mid-day trading on Wednesday, reaching $194.19. The company had a trading volume of 1,570,676 shares, compared to its average volume of 2,209,115. The stock has a fifty day moving average of $196.73 and a two-hundred day moving average of $191.47. 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 company has a market capitalization of $77.05 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.56 and a beta of 1.16. The PNC Financial Services Group, Inc. has a 12-month low of $139.69 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.51. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.16 earnings per share. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were issued a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a yield of 3.30%. The PNC Financial Services Group's dividend payout ratio is currently 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.