Director Martin Pfinsgraff executed a sale of 859 shares of PNC Financial Services Group Inc (PNC, Financial) on October 22, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 915 shares of the company.
PNC Financial Services Group Inc operates as a diversified financial services company in the United States. The company offers retail banking, corporate and institutional banking, asset management, and residential mortgage banking services among other financial products and services.
Over the past year, Martin Pfinsgraff has sold a total of 859 shares and has not purchased any shares. This recent transaction continues a trend seen within the company, where there have been 25 insider sells and no insider buys over the past year.
Shares of PNC Financial Services Group Inc were priced at $186.12 on the day of the transaction. The company has a market cap of approximately $74.99 billion. The price-earnings ratio stands at 15.97, which is above both the industry median of 10.46 and the company's historical median.
The stock's valuation according to the GF Value is $165.84, indicating a price-to-GF-Value ratio of 1.12. This suggests that PNC Financial Services Group Inc is modestly overvalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's current valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
