Winebrenner Capital Management LLC Takes $1.33 Million Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Winebrenner Capital Management LLC acquired a new position in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 6,910 shares of the financial services provider’s stock, valued at approximately $1,333,000. The PNC Financial Services Group comprises 1.0% of Winebrenner Capital Management LLC’s holdings, making the stock its 26th largest holding.

Several other large investors have also recently bought and sold shares of the business. Foundations Investment Advisors LLC boosted its holdings in The PNC Financial Services Group by 5.9% during the third quarter. Foundations Investment Advisors LLC now owns 1,544 shares of the financial services provider’s stock worth $285,000 after buying an additional 86 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of The PNC Financial Services Group by 12,940.0% during the 3rd quarter. International Assets Investment Management LLC now owns 536,989 shares of the financial services provider’s stock valued at $99,262,000 after acquiring an additional 532,871 shares during the period. Brighton Jones LLC boosted its stake in shares of The PNC Financial Services Group by 4.4% during the 3rd quarter. Brighton Jones LLC now owns 3,057 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 129 shares in the last quarter. Dakota Wealth Management grew its holdings in shares of The PNC Financial Services Group by 5.5% in the 3rd quarter. Dakota Wealth Management now owns 4,186 shares of the financial services provider’s stock worth $774,000 after acquiring an additional 218 shares during the period. Finally, Mraz Amerine & Associates Inc. purchased a new position in The PNC Financial Services Group in the 3rd quarter valued at approximately $229,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $189.29, for a total transaction of $235,098.18. Following the completion of the sale, the chief executive officer now owns 530,039 shares in the company, valued at approximately $100,331,082.31. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 12,420 shares of company stock valued at $2,474,722. 0.42% of the stock is currently owned by company insiders.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock opened at $187.90 on Friday. The stock has a fifty day moving average price of $196.08 and a 200 day moving average price of $191.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a 52 week low of $143.52 and a 52 week high of $216.26. The firm has a market capitalization of $74.55 billion, a P/E ratio of 13.67, a PEG ratio of 1.55 and a beta of 1.16.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. During the same period in the prior year, the firm posted $3.16 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 5th. Stockholders of record on Wednesday, January 15th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.41%. The PNC Financial Services Group’s payout ratio is 46.55%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup boosted their target price on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Truist Financial boosted their price objective on shares of The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. Compass Point raised their target price on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler upped their price target on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company raised their price objective on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $205.00.

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.