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US Bancorp DE Sells 40,889 Shares of The PNC Financial Services Group, Inc $PNC
US Bancorp DE has reduced its stake in The PNC Financial Services Group (NYSE:PNC) by 14.2%, selling 40,889 shares in the Q4 and now holding 246,347 shares valued at $51.42 million. Despite this, PNC reported strong Q1 earnings, beating EPS expectations with $4.32 and seeing a 13.1% year-over-year revenue increase to $6.17 billion, along with declaring a $1.70 quarterly dividend. Analysts maintain a “Moderate Buy” consensus for PNC with an average target price of $241.72, even as insiders have sold 64,186 shares worth approximately $14.84 million in the last 90 days.