William Demchak Sells 50,000 Shares of The PNC Financial Services Group (NYSE:PNC) Stock

The PNC Financial Services Group, Inc (NYSE:PNC) CEO William Demchak sold 50,000 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $230.88, for a total value of $11,544,000.00. Following the completion of the transaction, the chief executive officer directly owned 554,274 shares in the company, valued at approximately $127,970,781.12. This trade represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

The PNC Financial Services Group Trading Up 1.9%

Shares of PNC stock opened at $221.95 on Thursday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $243.94. The firm has a market cap of $89.53 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.91 and a beta of 0.99. The company has a 50-day moving average of $221.98 and a two-hundred day moving average of $204.06. 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 (NYSE:PNC) last released its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.65. The business had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $5.90 billion. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.77 EPS. On average, analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The PNC Financial Services Group’s payout ratio is presently 40.99%.

Key Headlines Impacting The PNC Financial Services Group

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: Analyst upgrade/target raise: JPMorgan increased its price target on PNC to $251 and kept an Overweight rating, citing benefits from industry consolidation and rate tailwinds — a direct bullish catalyst for valuation. PNC Financial (PNC) Seen Benefiting from Consolidation and Rate Tailwinds
• Positive Sentiment: Technical setup: PNC recently cleared a near-term moving-average resistance, which can attract momentum and short-term traders looking for continuation. Zacks – Broke Out Above 20-Day MA
• Positive Sentiment: Underlying fundamentals: PNC’s recent quarterly results showed revenue and EPS beats and improving tangible book metrics — supporting the bull case and analyst estimates for higher FY earnings. Yahoo – Earnings & Revenue Beat
• Neutral Sentiment: Investor event: An EVP in Corporate & Institutional Banking will speak at the RBC Capital Markets conference — could provide incremental detail on strategy but is not an immediate earnings surprise. PR Newswire – RBC Conference
• Neutral Sentiment: Relative-value coverage: Multiple pieces compare PNC to peers (Goldman, Stifel) and re-rate relative valuation — useful for portfolio positioning but not an immediate trader catalyst. Yahoo – PNC vs GS: Value Comparison
• Negative Sentiment: Insider selling: CEO William Demchak sold 50,000 shares (~$11.5M at ~ $230.88), a sizeable disclosed sale that can prompt near-term selling pressure or investor concern about timing of liquidity events. SEC Form 4 – William S. Demchak
• Negative Sentiment: Volatility/pullback narratives: Recent articles explaining a sharp ~5% pullback highlight market sensitivity to rate moves, sector rotation and macro headlines — factors that may keep PNC choppy despite strong fundamentals. AAII – Why PNC Fell ~5.34%

Hedge Funds Weigh In On The PNC Financial Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in The PNC Financial Services Group by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 38,873,991 shares of the financial services provider’s stock worth $8,114,168,000 after buying an additional 408,464 shares during the last quarter. State Street Corp raised its position in shares of The PNC Financial Services Group by 0.4% during the 4th quarter. State Street Corp now owns 17,319,434 shares of the financial services provider’s stock worth $3,615,085,000 after acquiring an additional 77,302 shares in the last quarter. Capital International Investors lifted its stake in The PNC Financial Services Group by 10.2% during the fourth quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock worth $2,491,819,000 after purchasing an additional 1,101,055 shares during the last quarter. Norges Bank acquired a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $1,967,080,000. Finally, Geode Capital Management LLC increased its stake in The PNC Financial Services Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 8,861,852 shares of the financial services provider’s stock valued at $1,841,387,000 after purchasing an additional 30,078 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PNC. Weiss Ratings restated a “buy (b)” rating on shares of The PNC Financial Services Group in a report on Monday, December 22nd. Wells Fargo & Company raised their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of The PNC Financial Services Group from $228.50 to $251.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Barclays increased their target price on shares of 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. Finally, Truist Financial raised their price target on shares of The PNC Financial Services Group from $210.00 to $229.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Fifteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.