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Oppenheimer & Co. Inc. Raises Stock Position in The PNC Financial Services Group, Inc $PNC
Oppenheimer & Co. Inc. significantly increased its stake in The PNC Financial Services Group, Inc. by 101.9% in Q4, now holding 16,150 shares valued at about $3.37 million. This comes as PNC Financial reported strong Q1 earnings, beating consensus estimates with an EPS of $4.32 and a 13.1% year-over-year revenue increase, along with declaring a $1.70 quarterly dividend. Despite notable insider selling totaling $14.84 million in the last 90 days, institutional investors retain a substantial 83.53% ownership of the company.