Rothschild Investment LLC Has $941,000 Stake in The PNC Financial Services Group, Inc $PNC

Rothschild Investment LLC increased its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 201.4% in the 3rd quarter, Holdings Channel reports. The firm owned 4,681 shares of the financial services provider’s stock after buying an additional 3,128 shares during the quarter. Rothschild Investment LLC’s holdings in The PNC Financial Services Group were worth $941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IMG Wealth Management Inc. bought a new position in shares of The PNC Financial Services Group during the 2nd quarter worth about $27,000. Concord Wealth Partners raised its position in The PNC Financial Services Group by 144.9% in the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Westfuller Advisors LLC bought a new position in The PNC Financial Services Group during the third quarter worth about $34,000. FNY Investment Advisers LLC acquired a new stake in The PNC Financial Services Group during the second quarter valued at approximately $37,000. Finally, True Wealth Design LLC boosted its holdings in The PNC Financial Services Group by 1,133.3% during the second quarter. True Wealth Design LLC now owns 222 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

PNC has been the subject of a number of recent research reports. Barclays increased their target price on The PNC Financial Services Group from $235.00 to $271.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Oppenheimer cut their price objective on The PNC Financial Services Group from $240.00 to $231.00 and set an “outperform” rating for the company in a report on Wednesday, November 19th. Piper Sandler raised shares of The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $211.00 to $220.00 in a report on Thursday, October 9th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Cfra Research raised shares of The PNC Financial Services Group to a “moderate buy” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $222.06.

Insider Activity at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 1,080 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $186.97, for a total transaction of $201,927.60. Following the completion of the sale, the executive vice president owned 27,335 shares in the company, valued at $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Duane Thomas sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $183.57, for a total value of $183,570.00. Following the transaction, the executive vice president directly owned 5,802 shares in the company, valued at $1,065,073.14. This trade represents a 14.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.41% of the company’s stock.

The PNC Financial Services Group Stock Down 0.5%

Shares of NYSE PNC opened at $217.52 on Friday. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $220.54. The firm’s 50-day simple moving average is $199.45 and its 200 day simple moving average is $196.18. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.99. The company has a market cap of $85.30 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.93 and a beta of 0.99.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $4.35 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.30. The PNC Financial Services Group had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $5.92 billion during the quarter, compared to analysts’ expectations of $5.82 billion. During the same quarter last year, the company posted $3.49 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, research analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, January 20th. The PNC Financial Services Group’s payout ratio is 43.93%.

The PNC Financial Services Group Profile

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.