Intrua Financial LLC Boosts Stake in The PNC Financial Services Group, Inc $PNC

Intrua Financial LLC raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 61.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,157 shares of the financial services provider’s stock after buying an additional 817 shares during the quarter. Intrua Financial LLC’s holdings in The PNC Financial Services Group were worth $402,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 984 shares in the last quarter. Dynasty Wealth Management LLC lifted its position in The PNC Financial Services Group by 7.0% during the first quarter. Dynasty Wealth Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 103 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of The PNC Financial Services Group by 47.0% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 8,500 shares of the financial services provider’s stock worth $1,495,000 after buying an additional 2,717 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of The PNC Financial Services Group by 5.6% in the 1st quarter. Jennison Associates LLC now owns 1,699,526 shares of the financial services provider’s stock worth $298,726,000 after buying an additional 90,792 shares during the last quarter. Finally, Formidable Asset Management LLC raised its position in shares of The PNC Financial Services Group by 1.4% during the 1st quarter. Formidable Asset Management LLC now owns 6,103 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 82 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 1,080 shares of The PNC Financial Services Group stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $186.97, for a total transaction of $201,927.60. Following the completion of the sale, the executive vice president owned 27,335 shares of the company’s stock, valued at approximately $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Duane Thomas sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total value of $183,570.00. Following the completion of the transaction, the executive vice president directly owned 5,802 shares in the company, valued at approximately $1,065,073.14. This trade represents a 14.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,151 shares of company stock valued at $400,092 in the last quarter. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Piper Sandler upgraded The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $211.00 to $220.00 in a research report on Thursday, October 9th. UBS Group raised their price objective on The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Truist Financial boosted their target price on The PNC Financial Services Group from $201.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, September 24th. Stephens restated an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.47.

The PNC Financial Services Group Trading Down 0.1%

Shares of NYSE PNC opened at $183.88 on Friday. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market cap of $72.11 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.26 and a beta of 1.12. The business’s 50 day moving average price is $191.69 and its 200-day moving average price is $187.84.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $4.35 EPS for the quarter, beating the consensus estimate of $4.05 by $0.30. The PNC Financial Services Group had a return on equity of 11.47% and a net margin of 19.30%.The company had revenue of $5.92 billion for the quarter, compared to the consensus estimate of $5.82 billion. During the same quarter in the prior year, the company posted $3.49 EPS. The PNC Financial Services Group’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts expect 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 43.93%.

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.