Insider Selling: PNC Financial Services Group Inc (PNC) Insider Sells $6,641,813.01 in Stock

PNC Financial Services Group Inc (NYSE:PNC) insider E William Parsley III sold 46,307 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $143.43, for a total value of $6,641,813.01. Following the transaction, the insider now owns 132,544 shares in the company, valued at $19,010,785.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

E William Parsley III also recently made the following trade(s):

  • On Wednesday, November 29th, E William Parsley III sold 25,000 shares of PNC Financial Services Group stock. The stock was sold at an average price of $138.68, for a total value of $3,467,000.00.

PNC Financial Services Group Inc (PNC) opened at $142.97 on Friday. The company has a market capitalization of $68,430.00, a P/E ratio of 17.81, a PEG ratio of 1.95 and a beta of 0.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.92. PNC Financial Services Group Inc has a one year low of $113.66 and a one year high of $146.24.

PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, October 13th. The financial services provider reported $2.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.13 by $0.03. The company had revenue of $4.13 billion during the quarter, compared to analysts’ expectations of $4.09 billion. PNC Financial Services Group had a return on equity of 9.29% and a net margin of 24.61%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.84 EPS. analysts expect that PNC Financial Services Group Inc will post 8.44 earnings per share for the current year.

Several equities analysts recently issued reports on PNC shares. Piper Jaffray Companies restated a “buy” rating and set a $134.00 price target on shares of PNC Financial Services Group in a research report on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and issued a $135.00 price objective on shares of PNC Financial Services Group in a research report on Sunday, October 1st. Zacks Investment Research upgraded PNC Financial Services Group from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Tuesday, September 5th. Royal Bank of Canada reiterated a “buy” rating on shares of PNC Financial Services Group in a research report on Monday, October 16th. Finally, Stephens lowered PNC Financial Services Group from an “overweight” rating to an “equal weight” rating in a research report on Thursday, October 5th. They noted that the move was a valuation call. Sixteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $136.13.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in PNC Financial Services Group by 1,365.4% during the second quarter. Proficio Capital Partners LLC now owns 762 shares of the financial services provider’s stock valued at $100,000 after buying an additional 710 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in PNC Financial Services Group by 12.5% during the second quarter. Tower Research Capital LLC TRC now owns 821 shares of the financial services provider’s stock valued at $103,000 after buying an additional 91 shares during the last quarter. First Interstate Bank raised its stake in PNC Financial Services Group by 2.6% during the second quarter. First Interstate Bank now owns 982 shares of the financial services provider’s stock valued at $123,000 after buying an additional 25 shares during the last quarter. Atlantic Trust LLC purchased a new position in PNC Financial Services Group during the second quarter valued at $129,000. Finally, Legacy Advisors LLC purchased a new position in PNC Financial Services Group during the third quarter valued at $136,000. Institutional investors own 81.57% of the company’s stock.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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

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