Moloney Securities Asset Management LLC lowered its holdings in The PNC Financial Services Group, Inc. (NYSE:PNC) by 38.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,216 shares of the financial services provider’s stock after selling 5,143 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in The PNC Financial Services Group were worth $1,441,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $671,132,000. FMR LLC raised its stake in shares of The PNC Financial Services Group by 57.8% in the fourth quarter. FMR LLC now owns 8,399,370 shares of the financial services provider’s stock valued at $1,251,506,000 after acquiring an additional 3,076,159 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of The PNC Financial Services Group by 9.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,391,754 shares of the financial services provider’s stock valued at $3,932,371,000 after buying an additional 2,230,186 shares during the period. Morgan Stanley boosted its position in shares of The PNC Financial Services Group by 34.7% during the 4th quarter. Morgan Stanley now owns 3,388,311 shares of the financial services provider’s stock worth $504,860,000 after acquiring an additional 873,125 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of The PNC Financial Services Group by 39.0% in the 4th quarter. Principal Financial Group Inc. now owns 2,987,257 shares of the financial services provider’s stock valued at $445,102,000 after acquiring an additional 838,492 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Stephens upped their price target on The PNC Financial Services Group from $190.00 to $195.00 and gave the company an “equal weight” rating in a report on Monday, April 26th. Deutsche Bank Aktiengesellschaft raised their price target on The PNC Financial Services Group from $157.00 to $190.00 and gave the stock a “hold” rating in a report on Thursday, April 1st. Piper Sandler downgraded The PNC Financial Services Group from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $162.00 to $167.00 in a research note on Wednesday, January 13th. Royal Bank of Canada lifted their target price on The PNC Financial Services Group from $161.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, April 26th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on The PNC Financial Services Group from $179.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, April 26th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $171.05.

In other The PNC Financial Services Group news, EVP Karen L. Larrimer sold 3,205 shares of The PNC Financial Services Group stock in a transaction on Friday, February 5th. The stock was sold at an average price of $156.92, for a total value of $502,928.60. Following the completion of the transaction, the executive vice president now owns 24,580 shares in the company, valued at approximately $3,857,093.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 3,455 shares of company stock worth $546,810 over the last three months. 0.30% of the stock is owned by company insiders.

NYSE:PNC opened at $188.12 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $79.77 billion, a P/E ratio of 11.26, a PEG ratio of 3.33 and a beta of 1.38. The company has a fifty day moving average price of $178.40 and a 200 day moving average price of $153.75. The PNC Financial Services Group, Inc. has a one year low of $93.27 and a one year high of $189.43.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Thursday, April 15th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $1.35. The business had revenue of $4.22 billion during the quarter, compared to analyst estimates of $4.10 billion. The PNC Financial Services Group had a return on equity of 5.97% and a net margin of 38.16%. The PNC Financial Services Group’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. As a group, equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 6.09 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Friday, April 16th will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, April 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 40.39%.

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. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels.

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Institutional Ownership by Quarter for The PNC Financial Services Group (NYSE:PNC)

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