Mirabella Financial Services LLP Purchases 4,035 Shares of The PNC Financial Services Group, Inc $PNC

Mirabella Financial Services LLP lifted its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 148.3% in the third quarter, HoldingsChannel.com reports. The firm owned 6,756 shares of the financial services provider’s stock after acquiring an additional 4,035 shares during the period. Mirabella Financial Services LLP’s holdings in The PNC Financial Services Group were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Kennebec Savings Bank raised its stake in shares of The PNC Financial Services Group by 1.6% in the 3rd quarter. Kennebec Savings Bank now owns 3,424 shares of the financial services provider’s stock valued at $688,000 after buying an additional 54 shares in the last quarter. SCS Capital Management LLC increased its stake in The PNC Financial Services Group by 0.6% in the second quarter. SCS Capital Management LLC now owns 8,527 shares of the financial services provider’s stock valued at $1,590,000 after acquiring an additional 55 shares during the period. Webster Bank N. A. increased its stake in The PNC Financial Services Group by 0.5% in the third quarter. Webster Bank N. A. now owns 10,975 shares of the financial services provider’s stock valued at $2,205,000 after acquiring an additional 55 shares during the period. YANKCOM Partnership raised its position in The PNC Financial Services Group by 2.3% in the third quarter. YANKCOM Partnership now owns 2,537 shares of the financial services provider’s stock worth $510,000 after purchasing an additional 57 shares in the last quarter. Finally, Foster & Motley Inc. lifted its stake in The PNC Financial Services Group by 4.2% during the third quarter. Foster & Motley Inc. now owns 1,420 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Up 0.5%

PNC stock opened at $202.10 on Friday. The business has a fifty day moving average price of $220.32 and a 200 day moving average price of $205.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.81 and a quick ratio of 0.81. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $243.94. The stock has a market capitalization of $81.52 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 0.90 and a beta of 0.98.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.90 billion. The PNC Financial Services Group had a return on equity of 11.87% and a net margin of 20.40%.The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.77 earnings per share. Analysts expect 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 business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Tuesday, January 20th were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, January 20th. This represents a $6.80 annualized dividend and a yield of 3.4%. The PNC Financial Services Group’s dividend payout ratio is 40.99%.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Louis Robert Cestello sold 4,279 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $234.01, for a total transaction of $1,001,328.79. Following the sale, the executive vice president owned 18,867 shares of the company’s stock, valued at $4,415,066.67. This represents a 18.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alexander E. C. Overstrom sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $233.91, for a total transaction of $584,775.00. Following the completion of the sale, the executive vice president owned 21,120 shares of the company’s stock, valued at $4,940,179.20. The trade was a 10.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 64,186 shares of company stock worth $14,840,973 in the last 90 days. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

PNC has been the topic of several analyst reports. Truist Financial upped their price objective on The PNC Financial Services Group from $210.00 to $229.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Keefe, Bruyette & Woods upped their price target on The PNC Financial Services Group from $228.00 to $247.00 and gave the company a “market perform” rating in a research report on Tuesday, January 20th. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $211.00 to $221.00 and gave the company an “underweight” rating in a report on Tuesday, January 20th. Finally, TD Cowen boosted their target price on shares of The PNC Financial Services Group from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Fifteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average target price of $234.44.

About The PNC Financial Services Group

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.