Insider Selling: PNC Financial Services Group Inc (NYSE:PNC) EVP Sells 20,000 Shares of Stock

PNC Financial Services Group Inc (NYSE:PNC) EVP E William Parsley III sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $152.20, for a total value of $3,044,000.00.

NYSE:PNC opened at $153.81 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.87 and a current ratio of 0.88. The stock has a market capitalization of $68.48 billion, a P/E ratio of 14.36, a PEG ratio of 1.85 and a beta of 1.14. The company has a 50 day moving average price of $149.96 and a 200 day moving average price of $138.96. PNC Financial Services Group Inc has a fifty-two week low of $108.45 and a fifty-two week high of $154.82.

PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.14. PNC Financial Services Group had a return on equity of 10.94% and a net margin of 24.96%. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.41 billion. During the same quarter in the previous year, the company earned $2.82 earnings per share. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that PNC Financial Services Group Inc will post 11.35 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brightworth boosted its position in PNC Financial Services Group by 4.1% in the 2nd quarter. Brightworth now owns 1,784 shares of the financial services provider’s stock valued at $245,000 after buying an additional 70 shares during the period. City Holding Co. raised its stake in shares of PNC Financial Services Group by 1.7% in the third quarter. City Holding Co. now owns 4,273 shares of the financial services provider’s stock valued at $599,000 after acquiring an additional 72 shares in the last quarter. Canal Capital Management LLC raised its stake in shares of PNC Financial Services Group by 0.8% in the third quarter. Canal Capital Management LLC now owns 9,278 shares of the financial services provider’s stock valued at $1,300,000 after acquiring an additional 73 shares in the last quarter. SevenBridge Financial Group LLC boosted its holdings in PNC Financial Services Group by 0.5% in the third quarter. SevenBridge Financial Group LLC now owns 14,576 shares of the financial services provider’s stock valued at $2,043,000 after purchasing an additional 75 shares during the period. Finally, Trust Co. of Vermont boosted its holdings in PNC Financial Services Group by 1.4% in the third quarter. Trust Co. of Vermont now owns 5,567 shares of the financial services provider’s stock valued at $780,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 79.43% of the company’s stock.

Several research analysts recently weighed in on the company. Wells Fargo & Co increased their price objective on PNC Financial Services Group from $134.00 to $147.00 and gave the stock a “market perform” rating in a research report on Thursday, October 17th. Robert W. Baird set a $141.00 target price on PNC Financial Services Group and gave the company a “buy” rating in a research report on Monday, August 26th. UBS Group upped their price target on PNC Financial Services Group from $142.00 to $146.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Odeon Capital Group assumed coverage on PNC Financial Services Group in a research note on Monday, November 25th. They issued a “hold” rating on the stock. Finally, ValuEngine cut PNC Financial Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. PNC Financial Services Group has a consensus rating of “Hold” and an average price target of $144.17.

About PNC Financial Services Group

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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Insider Buying and Selling by Quarter for PNC Financial Services Group (NYSE:PNC)

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