651 Shares in The PNC Financial Services Group, Inc. (NYSE:PNC) Acquired by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. bought a new position in The PNC Financial Services Group, Inc. (NYSE:PNC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 651 shares of the financial services provider’s stock, valued at approximately $126,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bill Few Associates Inc. grew its holdings in shares of The PNC Financial Services Group by 1.0% in the fourth quarter. Bill Few Associates Inc. now owns 11,908 shares of the financial services provider’s stock worth $2,297,000 after acquiring an additional 115 shares during the period. Janney Montgomery Scott LLC boosted its position in The PNC Financial Services Group by 4.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 581,389 shares of the financial services provider’s stock worth $112,121,000 after purchasing an additional 27,006 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in The PNC Financial Services Group by 0.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 9,958 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 86 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of The PNC Financial Services Group by 817.4% during the 4th quarter. SG Americas Securities LLC now owns 153,801 shares of the financial services provider’s stock valued at $29,661,000 after purchasing an additional 137,037 shares during the period. Finally, Magnus Financial Group LLC increased its position in shares of The PNC Financial Services Group by 44.2% during the 4th quarter. Magnus Financial Group LLC now owns 3,381 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 1,036 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Down 1.1 %

Shares of NYSE PNC opened at $196.41 on Thursday. The PNC Financial Services Group, Inc. has a 1-year low of $139.69 and a 1-year high of $216.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The business’s 50 day moving average is $200.66 and its two-hundred day moving average is $188.08. The stock has a market capitalization of $77.93 billion, a P/E ratio of 14.28, a PEG ratio of 1.61 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.51. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 EPS. As a group, research analysts expect that The PNC Financial Services Group, Inc. will post 15.26 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $6.40 annualized dividend and a yield of 3.26%. The PNC Financial Services Group’s payout ratio is 46.55%.

Analysts Set New Price Targets

A number of analysts have commented on PNC shares. The Goldman Sachs Group upped their target price on shares of The PNC Financial Services Group from $190.00 to $210.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Morgan Stanley upped their price objective on The PNC Financial Services Group from $199.00 to $208.00 and gave the stock an “underweight” rating in a research note on Friday, January 17th. Compass Point boosted their price target on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Citigroup upped their price target on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Truist Financial lifted their price objective on The PNC Financial Services Group from $215.00 to $216.00 and gave the company a “hold” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $205.00.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $190.27, for a total value of $236,315.34. Following the sale, the chief executive officer now owns 544,765 shares in the company, valued at $103,652,436.55. This trade represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew T. Feldstein sold 14,509 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the sale, the director now directly owns 38,649 shares of the company’s stock, valued at $8,119,768.41. This represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,413 shares of company stock worth $6,014,241. Insiders own 0.42% of the company’s stock.

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.