The PNC Financial Services Group, Inc. (NYSE:PNC) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. lowered its stake in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,885 shares of the financial services provider’s stock after selling 3,366 shares during the quarter. The PNC Financial Services Group comprises about 2.9% of Guyasuta Investment Advisors Inc.’s holdings, making the stock its 8th largest position. Guyasuta Investment Advisors Inc.’s holdings in The PNC Financial Services Group were worth $46,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nations Financial Group Inc. IA ADV increased its stake in shares of The PNC Financial Services Group by 93.4% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,406 shares of the financial services provider’s stock valued at $464,000 after acquiring an additional 1,162 shares during the last quarter. Valeo Financial Advisors LLC increased its position in The PNC Financial Services Group by 3.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,759 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 196 shares in the last quarter. Red Cedar Investment Management LLC increased its position in The PNC Financial Services Group by 103.8% during the 4th quarter. Red Cedar Investment Management LLC now owns 12,113 shares of the financial services provider’s stock worth $2,336,000 after purchasing an additional 6,170 shares in the last quarter. New York State Teachers Retirement System increased its position in The PNC Financial Services Group by 4.5% during the 4th quarter. New York State Teachers Retirement System now owns 335,536 shares of the financial services provider’s stock worth $64,708,000 after purchasing an additional 14,367 shares in the last quarter. Finally, Asset Planning Inc acquired a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $93,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 533,765 shares in the company, valued at $115,298,577.65. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 13,662 shares of company stock worth $2,730,549 over the last three months. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PNC. Morgan Stanley increased their price objective 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. Compass Point increased their price objective on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stephens reiterated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research note on Friday, January 17th. Truist Financial increased their target price on The PNC Financial Services Group from $215.00 to $216.00 and gave the company a “hold” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $205.00.

The PNC Financial Services Group Stock Down 0.8 %

Shares of PNC stock opened at $193.91 on Friday. The stock has a 50 day moving average of $197.40 and a 200-day moving average of $190.93. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.13. The firm has a market cap of $76.94 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.64 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) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating 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 return on equity of 11.12% and a net margin of 17.10%. The PNC Financial Services Group’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.16 earnings per share. On average, equities analysts predict that The PNC Financial Services Group, Inc. will post 15.3 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were paid 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 dividend yield of 3.30%. The PNC Financial Services Group’s payout ratio is 46.55%.

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.