Grantham Mayo Van Otterloo & Co. LLC Invests $12.33 Million in Pinnacle Financial Partners, Inc. $PNFP

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 131,456 shares of the financial services provider’s stock, valued at approximately $12,329,000.

Other hedge funds have also bought and sold shares of the company. First Trust Advisors LP grew its holdings in Pinnacle Financial Partners by 341.5% during the third quarter. First Trust Advisors LP now owns 411,436 shares of the financial services provider’s stock worth $38,589,000 after purchasing an additional 318,243 shares during the period. Aptus Capital Advisors LLC raised its stake in Pinnacle Financial Partners by 13.6% in the third quarter. Aptus Capital Advisors LLC now owns 3,115 shares of the financial services provider’s stock valued at $292,000 after buying an additional 374 shares during the period. Barclays PLC lifted its position in shares of Pinnacle Financial Partners by 81.2% in the third quarter. Barclays PLC now owns 120,662 shares of the financial services provider’s stock valued at $11,317,000 after buying an additional 54,061 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pinnacle Financial Partners by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,680,171 shares of the financial services provider’s stock valued at $251,376,000 after buying an additional 163,269 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Pinnacle Financial Partners by 21.7% during the 3rd quarter. Cresset Asset Management LLC now owns 2,324 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 414 shares during the period. 87.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinnacle Financial Partners

In other news, CFO Andrew J. Jr. Gregory purchased 1,000 shares of Pinnacle Financial Partners stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $94.52 per share, for a total transaction of $94,520.00. Following the transaction, the chief financial officer owned 49,485 shares of the company’s stock, valued at approximately $4,677,322.20. The trade was a 2.06% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Bank of America started coverage on Pinnacle Financial Partners in a report on Monday, December 8th. They set a “buy” rating and a $113.00 target price on the stock. Royal Bank Of Canada upgraded shares of Pinnacle Financial Partners to a “moderate buy” rating in a report on Monday, January 5th. DA Davidson initiated coverage on shares of Pinnacle Financial Partners in a research report on Monday, January 5th. They issued a “neutral” rating and a $110.00 price objective on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Pinnacle Financial Partners in a research note on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Pinnacle Financial Partners from $95.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.41.

Pinnacle Financial Partners Stock Down 2.0%

PNFP stock opened at $88.83 on Monday. Pinnacle Financial Partners, Inc. has a 52 week low of $81.57 and a 52 week high of $120.46. The business has a 50-day simple moving average of $96.60 and a 200 day simple moving average of $94.41. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The company has a market cap of $6.89 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 0.48 and a beta of 1.02.

Pinnacle Financial Partners Announces Dividend

The company also recently declared a dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 6th. Pinnacle Financial Partners’s dividend payout ratio is 24.72%.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc (NASDAQ: PNFP) is a financial services company headquartered in Nashville, Tennessee, that provides banking, wealth management and insurance solutions to business and consumer clients. The company operates through two primary segments—Banking and Wealth Management & Advisory—offering a comprehensive suite of products that includes commercial and consumer lending, deposit services, treasury management, trust and investment advisory, and insurance brokerage. Pinnacle’s client-focused model emphasizes relationship-based banking, leveraging local decision-making authority and specialized industry expertise to serve diverse sectors such as healthcare, technology, real estate and professional services.

In its banking segment, Pinnacle delivers commercial and consumer loans, lines of credit, equipment financing, and mortgage lending.