The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. cut its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNCFree Report) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,891 shares of the financial services provider’s stock after selling 361 shares during the period. Telos Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $4,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MUFG Securities EMEA plc bought a new stake in The PNC Financial Services Group during the second quarter worth approximately $25,000. Fiduciary Alliance LLC bought a new stake in The PNC Financial Services Group during the second quarter worth approximately $27,000. Tyler Stone Wealth Management bought a new stake in The PNC Financial Services Group during the second quarter worth approximately $29,000. Cornerstone Planning Group LLC bought a new stake in The PNC Financial Services Group during the second quarter worth approximately $30,000. Finally, DHJJ Financial Advisors Ltd. bought a new stake in The PNC Financial Services Group during the third quarter worth approximately $29,000. 80.14% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $148.82 on Thursday. The company has a market cap of $59.28 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.73 and a beta of 1.18. The PNC Financial Services Group, Inc. has a 12-month low of $109.40 and a 12-month high of $167.12. The company’s fifty day moving average is $142.68 and its two-hundred day moving average is $130.08. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 1.42.

The PNC Financial Services Group (NYSE:PNCGet Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The PNC Financial Services Group’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.49 earnings per share. Equities analysts expect that The PNC Financial Services Group, Inc. will post 12.29 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 5th. Investors of record on Tuesday, January 16th will be issued a $1.55 dividend. This represents a $6.20 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Friday, January 12th. The PNC Financial Services Group’s dividend payout ratio is presently 48.48%.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Guild Deborah sold 1,533 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $132.51, for a total transaction of $203,137.83. Following the completion of the sale, the executive vice president now directly owns 17,092 shares in the company, valued at $2,264,860.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on The PNC Financial Services Group from $125.00 to $145.00 and gave the stock an “underperform” rating in a report on Wednesday, January 3rd. StockNews.com cut The PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Friday, November 17th. Piper Sandler upped their price target on The PNC Financial Services Group from $125.00 to $143.00 and gave the company a “neutral” rating in a report on Friday, December 8th. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $128.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, December 19th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $138.00 price target on shares of The PNC Financial Services Group in a report on Tuesday, December 5th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Hold” and an average target price of $147.43.

Read Our Latest Analysis on The PNC Financial Services Group

The PNC Financial Services Group Company Profile

(Free Report)

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 certificates of 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.

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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