UMB Bank n.a. Buys 91 Shares of The PNC Financial Services Group, Inc. (NYSE:PNC)

UMB Bank n.a. raised its stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,895 shares of the financial services provider’s stock after purchasing an additional 91 shares during the period. UMB Bank n.a.’s holdings in The PNC Financial Services Group were worth $2,618,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Eagle Wealth Strategies LLC grew its stake in shares of The PNC Financial Services Group by 81.4% in the 1st quarter. Eagle Wealth Strategies LLC now owns 3,624 shares of the financial services provider’s stock valued at $637,000 after buying an additional 1,626 shares during the period. Sivia Capital Partners LLC acquired a new position in The PNC Financial Services Group during the 1st quarter worth approximately $507,000. Compton Financial Group LLC boosted its holdings in The PNC Financial Services Group by 219.8% in the first quarter. Compton Financial Group LLC now owns 3,611 shares of the financial services provider’s stock worth $635,000 after acquiring an additional 2,482 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in The PNC Financial Services Group by 9.7% in the first quarter. Gateway Investment Advisers LLC now owns 2,675 shares of the financial services provider’s stock valued at $470,000 after acquiring an additional 237 shares during the period. Finally, Pines Wealth Management LLC grew its stake in The PNC Financial Services Group by 5.0% in the first quarter. Pines Wealth Management LLC now owns 6,987 shares of the financial services provider’s stock valued at $1,228,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Kieran John Fallon sold 1,492 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $174.56, for a total value of $260,443.52. Following the sale, the executive vice president now directly owns 20,490 shares in the company, valued at approximately $3,576,734.40. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $179.14, for a total transaction of $222,491.88. Following the sale, the chief executive officer now directly owns 556,121 shares in the company, valued at approximately $99,623,515.94. This trade represents a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,154 shares of company stock worth $2,525,591 over the last three months. 0.41% of the stock is currently owned by insiders.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $178.72 on Monday. The business’s fifty day simple moving average is $165.16 and its 200 day simple moving average is $183.26. 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 12 month low of $145.12 and a 12 month high of $216.26. The firm has a market capitalization of $70.70 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Tuesday, April 15th. The financial services provider reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.04. The company had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.50 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. As a group, analysts anticipate that The PNC Financial Services Group, Inc. will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Wednesday, April 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Wednesday, April 16th. The PNC Financial Services Group’s dividend payout ratio is 45.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PNC shares. HSBC raised The PNC Financial Services Group from a “hold” rating to a “buy” rating and lowered their target price for the stock from $206.00 to $202.00 in a research report on Monday, March 31st. Keefe, Bruyette & Woods dropped their price objective on shares of The PNC Financial Services Group from $195.00 to $185.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley decreased their target price on shares of The PNC Financial Services Group from $179.00 to $178.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company dropped their price target on shares of The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. Finally, The Goldman Sachs Group decreased their price objective on The PNC Financial Services Group from $180.00 to $172.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $202.67.

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.