Francis Financial Inc. Purchases Shares of 2,526 The PNC Financial Services Group, Inc. (NYSE:PNC)

Francis Financial Inc. purchased a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,526 shares of the financial services provider’s stock, valued at approximately $391,000.

Other large investors have also made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group in the 4th quarter worth about $26,000. Fortitude Family Office LLC bought a new stake in The PNC Financial Services Group during the 4th quarter worth about $28,000. OFI Invest Asset Management bought a new stake in The PNC Financial Services Group during the 3rd quarter worth about $25,000. Tyler Stone Wealth Management bought a new stake in The PNC Financial Services Group during the 2nd quarter worth about $29,000. Finally, Cornerstone Planning Group LLC bought a new stake in The PNC Financial Services Group during the 2nd quarter worth about $30,000. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $161.63 on Friday. The firm has a 50-day moving average of $149.96 and a 200-day moving average of $138.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $64.30 billion, a PE ratio of 12.64, a P/E/G ratio of 1.84 and a beta of 1.17. The PNC Financial Services Group, Inc. has a 52-week low of $109.40 and a 52-week high of $162.24.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Tuesday, January 16th. The financial services provider reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $1.04. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.30 billion. The PNC Financial Services Group had a net margin of 17.50% and a return on equity of 12.27%. The PNC Financial Services Group’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.49 EPS. On average, sell-side analysts anticipate that The PNC Financial Services Group, Inc. will post 12.41 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 5th. Shareholders of record on Tuesday, January 16th were paid a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, January 12th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 48.48%.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Michael J. Hannon sold 3,000 shares of The PNC Financial Services Group stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $148.82, for a total value of $446,460.00. Following the completion of the sale, the executive vice president now owns 36,570 shares in the company, valued at approximately $5,442,347.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PNC. UBS Group increased their price objective on shares of The PNC Financial Services Group from $160.00 to $163.00 and gave the stock a “neutral” rating in a report on Thursday, January 18th. Piper Sandler increased their price objective on shares of The PNC Financial Services Group from $125.00 to $143.00 and gave the stock a “neutral” rating in a report on Friday, December 8th. Keefe, Bruyette & Woods upped their target price on shares of The PNC Financial Services Group from $125.00 to $145.00 and gave the company an “underperform” rating in a research report on Wednesday, January 3rd. Morgan Stanley upped their target price on shares of The PNC Financial Services Group from $142.00 to $158.00 and gave the company an “underweight” rating in a research report on Tuesday, January 30th. Finally, Stephens reiterated an “equal weight” rating and issued a $138.00 price target on shares of The PNC Financial Services Group in a research report on Tuesday, December 5th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $152.87.

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.