Keybank National Association OH Has $13.76 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Keybank National Association OH lifted its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,115 shares of the financial services provider’s stock after acquiring an additional 3,759 shares during the quarter. Keybank National Association OH’s holdings in The PNC Financial Services Group were worth $13,758,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Monetary Solutions Ltd acquired a new position in The PNC Financial Services Group during the fourth quarter valued at approximately $25,000. Quarry LP acquired a new position in shares of The PNC Financial Services Group during the 3rd quarter worth approximately $25,000. Modus Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the 4th quarter worth approximately $29,000. Financial Life Planners bought a new stake in shares of The PNC Financial Services Group during the 1st quarter worth approximately $31,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $32,000. Institutional investors own 83.53% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Stephanie Novosel sold 1,800 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $228.73, for a total transaction of $411,714.00. Following the transaction, the executive vice president owned 3,107 shares in the company, valued at approximately $710,664.11. This trade represents a 36.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew T. Feldstein sold 45,000 shares of The PNC Financial Services Group stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $220.57, for a total value of $9,925,650.00. Following the sale, the director directly owned 10,749 shares of the company’s stock, valued at approximately $2,370,906.93. The trade was a 80.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 48,300 shares of company stock worth $10,694,574 over the last three months. Insiders own 0.38% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $249.13 on Friday. The company’s 50-day moving average is $226.89 and its 200-day moving average is $220.62. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.83 and a quick ratio of 0.82. The firm has a market capitalization of $100.04 billion, a PE ratio of 14.48, a PEG ratio of 1.02 and a beta of 0.91. The PNC Financial Services Group, Inc has a fifty-two week low of $176.88 and a fifty-two week high of $254.00.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $4.32 EPS for the quarter, topping the consensus estimate of $3.92 by $0.40. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the previous year, the firm posted $3.51 EPS. The PNC Financial Services Group’s revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that The PNC Financial Services Group, Inc will post 18.82 EPS for the current year.

Wall Street Analyst Weigh In

PNC has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on shares of The PNC Financial Services Group from $247.00 to $253.00 and gave the company a “market perform” rating in a research note on Thursday, April 16th. Truist Financial upped their price target on shares of The PNC Financial Services Group from $245.00 to $257.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Morgan Stanley increased their price target on shares of The PNC Financial Services Group from $267.00 to $278.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on shares of The PNC Financial Services Group from $237.50 to $238.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Citigroup boosted their price objective on shares of The PNC Financial Services Group from $255.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.71.

The PNC Financial Services Group Company 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.