Seeds Investor LLC Sells 149 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

Seeds Investor LLC cut its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 11.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,171 shares of the financial services provider’s stock after selling 149 shares during the period. Seeds Investor LLC’s holdings in The PNC Financial Services Group were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Winch Advisory Services LLC bought a new stake in The PNC Financial Services Group in the fourth quarter worth $25,000. Richardson Financial Services Inc. boosted its stake in The PNC Financial Services Group by 2,333.3% in the 4th quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 140 shares in the last quarter. Albion Financial Group UT purchased a new stake in The PNC Financial Services Group during the 4th quarter valued at about $30,000. Synergy Asset Management LLC purchased a new stake in The PNC Financial Services Group during the 4th quarter valued at about $32,000. Finally, Rialto Wealth Management LLC purchased a new position in The PNC Financial Services Group in the fourth quarter worth about $32,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $151.57 on Monday. The stock has a 50-day moving average price of $178.30 and a 200 day moving average price of $190.22. The stock has a market capitalization of $59.98 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.55 and a beta of 1.04. The PNC Financial Services Group, Inc. has a 12-month low of $143.52 and a 12-month high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the firm posted $3.16 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be given a dividend of $1.60 per share. The ex-dividend date is Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.22%. The PNC Financial Services Group’s payout ratio is 46.55%.

Wall Street Analysts Forecast Growth

PNC has been the subject of several analyst reports. Hsbc Global Res raised shares of The PNC Financial Services Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 31st. Citigroup decreased their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Truist Financial dropped their price objective on The PNC Financial Services Group from $216.00 to $208.00 and set a “hold” rating on the stock in a research report on Friday, April 4th. The Goldman Sachs Group decreased their target price on The PNC Financial Services Group from $211.00 to $188.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company dropped their price target on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, The PNC Financial Services Group has a consensus rating of “Hold” and an average target price of $203.47.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $198.00, for a total transaction of $245,916.00. Following the completion of the transaction, the chief executive officer now owns 525,071 shares in the company, valued at $103,964,058. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 12,420 shares of company stock valued at $2,276,870. 0.41% of the stock is currently owned by insiders.

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.