CFS Investment Advisory Services LLC Has $645,000 Stock Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

CFS Investment Advisory Services LLC lessened its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,344 shares of the financial services provider’s stock after selling 59 shares during the period. CFS Investment Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $645,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in PNC. Cyndeo Wealth Partners LLC raised its stake in shares of The PNC Financial Services Group by 6.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 1,672 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 94 shares during the last quarter. apricus wealth LLC raised its position in The PNC Financial Services Group by 0.6% in the 4th quarter. apricus wealth LLC now owns 12,997 shares of the financial services provider’s stock valued at $2,506,000 after buying an additional 75 shares during the last quarter. CX Institutional lifted its stake in The PNC Financial Services Group by 17.5% during the 4th quarter. CX Institutional now owns 2,490 shares of the financial services provider’s stock valued at $480,000 after acquiring an additional 371 shares in the last quarter. Encompass More Asset Management boosted its holdings in The PNC Financial Services Group by 26.7% during the 4th quarter. Encompass More Asset Management now owns 1,376 shares of the financial services provider’s stock worth $265,000 after acquiring an additional 290 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter worth $834,000. Institutional investors own 83.53% of the company’s stock.

Insider Transactions at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $208.12, for a total transaction of $258,485.04. Following the completion of the transaction, the chief executive officer now owns 536,249 shares of the company’s stock, valued at approximately $111,604,141.88. The trade was a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew T. Feldstein sold 14,509 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares in the company, valued at approximately $8,119,768.41. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,171 shares of company stock valued at $5,777,926. 0.42% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $199.49 on Friday. The PNC Financial Services Group, Inc. has a 12 month low of $139.69 and a 12 month high of $216.26. The stock has a market capitalization of $79.15 billion, a P/E ratio of 14.51, a PEG ratio of 1.59 and a beta of 1.16. 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 firm’s 50 day moving average is $200.29 and its 200 day moving average is $188.42.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same period last year, the company earned $3.16 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 15.26 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th will be given a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group’s dividend payout ratio is presently 46.55%.

Analyst Ratings Changes

A number of research firms recently weighed in on PNC. Stephens reissued an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research report on Friday, January 17th. Wells Fargo & Company lifted their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their target price on The PNC Financial Services Group from $212.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley increased their price target on 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. Finally, Truist Financial boosted their price objective on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Two research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $205.00.

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.