PNC Financial Services Group Inc (NYSE:PNC) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC trimmed its position in PNC Financial Services Group Inc (NYSE:PNC) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,439 shares of the financial services provider’s stock after selling 366 shares during the quarter. Buckley Wealth Management LLC’s holdings in PNC Financial Services Group were worth $482,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Northside Capital Management LLC acquired a new position in PNC Financial Services Group in the 3rd quarter valued at about $364,000. Domani Wealth LLC boosted its holdings in PNC Financial Services Group by 12.6% in the 3rd quarter. Domani Wealth LLC now owns 1,977 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 221 shares during the last quarter. Cypress Capital Group boosted its holdings in PNC Financial Services Group by 6.8% in the 3rd quarter. Cypress Capital Group now owns 8,003 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 513 shares during the last quarter. Bridge Creek Capital Management LLC boosted its holdings in PNC Financial Services Group by 0.8% in the 3rd quarter. Bridge Creek Capital Management LLC now owns 26,032 shares of the financial services provider’s stock valued at $3,649,000 after purchasing an additional 209 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in PNC Financial Services Group by 10.7% in the 3rd quarter. Pacer Advisors Inc. now owns 48,188 shares of the financial services provider’s stock valued at $6,754,000 after purchasing an additional 4,676 shares during the last quarter. Institutional investors own 80.75% of the company’s stock.

In related news, CEO William S. Demchak sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $140.63, for a total transaction of $10,547,250.00. Following the sale, the chief executive officer now directly owns 657,179 shares of the company’s stock, valued at approximately $92,419,082.77. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gregory H. Kozich sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $139.82, for a total transaction of $1,398,200.00. Following the sale, the insider now directly owns 20,080 shares in the company, valued at $2,807,585.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 158,374 shares of company stock worth $22,168,172. 0.37% of the stock is owned by insiders.



PNC has been the topic of several recent analyst reports. ValuEngine upgraded shares of PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. UBS Group boosted their target price on shares of PNC Financial Services Group from $139.00 to $142.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on shares of PNC Financial Services Group from $137.50 to $142.00 and gave the stock an “overweight” rating in a report on Tuesday, July 9th. Robert W. Baird set a $141.00 price objective on shares of PNC Financial Services Group and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Zacks Investment Research lowered shares of PNC Financial Services Group from a “hold” rating to a “sell” rating and set a $147.00 price objective on the stock. in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $142.91.

Shares of PNC stock traded up $1.98 during trading hours on Friday, hitting $140.40. The company had a trading volume of 138,588 shares, compared to its average volume of 2,251,359. The company’s fifty day moving average is $134.93 and its 200 day moving average is $133.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.90 and a quick ratio of 0.90. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $144.32. The stock has a market capitalization of $60.64 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $2.88 EPS for the quarter, topping the consensus estimate of $2.83 by $0.05. PNC Financial Services Group had a net margin of 25.46% and a return on equity of 11.10%. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the business posted $2.72 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that PNC Financial Services Group Inc will post 11.22 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 5th. Investors of record on Thursday, October 17th will be paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, October 16th. PNC Financial Services Group’s payout ratio is currently 42.95%.

PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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