Keybank National Association OH Has $12.33 Million Holdings in The PNC Financial Services Group, Inc (NYSE:PNC)

Keybank National Association OH decreased its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 0.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 70,145 shares of the financial services provider’s stock after selling 409 shares during the period. Keybank National Association OH’s holdings in The PNC Financial Services Group were worth $12,329,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PNC. Mechanics Financial Corp acquired a new stake in The PNC Financial Services Group during the 4th quarter valued at $541,000. AssuredPartners Investment Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the fourth quarter worth $739,000. Premier Fund Managers Ltd increased its stake in shares of The PNC Financial Services Group by 38.3% in the fourth quarter. Premier Fund Managers Ltd now owns 49,430 shares of the financial services provider’s stock valued at $9,511,000 after buying an additional 13,700 shares in the last quarter. PKS Advisory Services LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at about $357,000. Finally, Kingswood Wealth Advisors LLC lifted its position in The PNC Financial Services Group by 4.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock worth $493,000 after buying an additional 120 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Insider Activity

In related news, EVP Kieran John Fallon sold 1,492 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $174.56, for a total transaction of $260,443.52. Following the sale, the executive vice president owned 20,490 shares of the company’s stock, valued at approximately $3,576,734.40. This trade represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $166.79, for a total value of $207,153.18. Following the completion of the transaction, the chief executive officer directly owned 557,363 shares of the company’s stock, valued at approximately $92,962,574.77. The trade was a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,428 shares of company stock valued at $1,882,322 in the last quarter. Company insiders own 0.41% of the company’s stock.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $195.70 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $77.41 billion, a P/E ratio of 13.82, a PEG ratio of 1.62 and a beta of 1.07. The business has a 50-day moving average of $174.39 and a 200-day moving average of $180.13. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data 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 firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.50 billion. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. On average, equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PNC. Truist Financial lowered their price objective 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, April 16th. HSBC raised shares of The PNC Financial Services Group from a “hold” rating to a “buy” rating and lowered their price target for the company from $206.00 to $202.00 in a report on Monday, March 31st. Morgan Stanley decreased their price objective on 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, April 16th. JPMorgan Chase & Co. lowered their target price on The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating for the company in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods cut their price target on The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.00.

The PNC Financial Services Group Company 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.