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The PNC Financial Services Group experienced a 0.24% decrease in insider ownership following CEO William S. Demchak's sale of 1,242 shares valued at approximately $251,020. Over the past ninety days, insiders have sold 12,420 shares worth $2,342,313. Institutional investors hold 83.53% of the stock, with recent activity including new stakes from several hedge funds. Analysts have mixed ratings on the stock, with a consensus target price of $201.35, while Wells Fargo recently lowered its price target to $230.00.
Chairman Walter W. Bettinger sold 464,629 shares of Charles Schwab at an average price of $81.91, totaling $38,057,761.39, reducing his stake by 35.96%. Over the past ninety days, insiders sold 509,701 shares worth $41,641,353, while institutional investors hold 84.38% of the stock. Analysts have mixed ratings on the company, with a consensus "Hold" and an average target price of $86.33.
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The six Raiffeisen banks in the Jura and Bernese Jura regions reported a profit of CHF 7.4 million for 2024, marking a 0.5% increase compared to the previous year. The banks expressed optimism for the current year, anticipating similar results as they celebrate their 125th anniversary.
Wells Fargo & Company reported quarterly revenue of $20.38 billion, slightly below analyst expectations, with a return on equity of 12.38% and a net margin of 15.73%. The company announced a quarterly dividend of $0.40 per share, yielding 2.26%, and has a payout ratio of 29.74%. Analysts maintain a "Moderate Buy" rating with a consensus price target of $74.97, while shares opened at $70.71, reflecting a 12-month range between $50.15 and $81.50.
American Express reported a quarterly EPS of $3.04, exceeding estimates, and announced a dividend increase to $0.82, reflecting a 1.21% yield. Analysts maintain a "Hold" rating with a consensus target price of $302.57, while institutional investors hold 84.33% of shares.
Wells Fargo & Company reported a quarterly EPS of $1.43, exceeding estimates of $1.34, with a return on equity of 12.38% and a net margin of 15.73%. Revenue was $20.38 billion, slightly below the expected $20.58 billion, marking a 0.5% decline from the previous year. The firm declared a quarterly dividend of $0.40 per share, yielding 2.26%, and has a dividend payout ratio of 29.74%.
Bank of America reported a quarterly revenue of $25.30 billion, exceeding expectations, with a return on equity of 10.29% and a net margin of 14.10%. The firm announced a quarterly dividend of $0.26 per share, yielding 2.52%, and has a dividend payout ratio of 32.30%. Analysts maintain a "Moderate Buy" rating with a consensus target price of $48.45, while institutional investors hold 70.71% of the company's stock.
Wells Fargo & Company reported a 0.5% decline in quarterly revenue year-over-year, with earnings per share of $1.43, surpassing estimates. The company announced a quarterly dividend of $0.40 per share, yielding 2.26%, and has a payout ratio of 29.74%. Analysts maintain a "Moderate Buy" rating, with a consensus target price of $74.97.
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pnc financial services group insider sales and institutional investor activity
Morgan Stanley
Barclays PLC
Truist Financial Corp
Wells Fargo & Company
The PNC Financial Services Group, Inc.
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USA
Bill Demchak
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