3,500 Shares in The PNC Financial Services Group, Inc $PNC Acquired by SBI Okasan Asset Management Co.Ltd.
by Scott Moore · The Cerbat GemSBI Okasan Asset Management Co.Ltd. bought a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,500 shares of the financial services provider’s stock, valued at approximately $742,000.
Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of The PNC Financial Services Group in the third quarter valued at $25,000. Beacon Financial Strategies CORP bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $35,000. JPL Wealth Management LLC bought a new position in shares of The PNC Financial Services Group in the third quarter valued at $37,000. Financial Life Planners bought a new position in shares of The PNC Financial Services Group in the third quarter valued at $39,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of The PNC Financial Services Group by 2,100.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 176 shares of the financial services provider’s stock valued at $39,000 after buying an additional 168 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.
The PNC Financial Services Group Trading Up 0.7%
NYSE PNC opened at $221.36 on Friday. The PNC Financial Services Group, Inc has a twelve month low of $170.49 and a twelve month high of $243.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market cap of $88.89 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.91 and a beta of 0.94. The firm’s 50 day moving average price is $216.27 and its two-hundred day moving average price is $213.05.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.40. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the previous year, the company posted $3.51 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities analysts anticipate that The PNC Financial Services Group, Inc will post 18.93 EPS for the current year.
The PNC Financial Services Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 14th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, April 14th. The PNC Financial Services Group’s payout ratio is currently 39.51%.
Insider Activity at The PNC Financial Services Group
In other news, Director Andrew T. Feldstein sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $220.57, for a total transaction of $9,925,650.00. Following the transaction, the director directly owned 10,749 shares in the company, valued at $2,370,906.93. The trade was a 80.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.38% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on The PNC Financial Services Group in a report on Thursday, March 26th. They issued a “buy” rating and a $250.00 price target on the stock. Oppenheimer upped their price target on The PNC Financial Services Group from $263.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Citigroup upped their price target on The PNC Financial Services Group from $245.00 to $255.00 and gave the company a “buy” rating in a report on Friday, May 8th. Bank of America upped their price target on The PNC Financial Services Group from $260.00 to $264.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on The PNC Financial Services Group from $237.50 to $238.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.11.
Check Out Our Latest Report on The PNC Financial Services Group
The PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.
PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.
See Also
- Five stocks we like better than The PNC Financial Services Group
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
- Apple’s Agentic AI Plans Could Be Its Biggest Growth Story Yet
Want to see what other hedge funds are holding PNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The PNC Financial Services Group, Inc (NYSE:PNC – Free Report).