This Insider Has Just Sold Shares In PNC Financial Services Group
This Insider Has Just Sold Shares In PNC Financial Services Group
Some The PNC Financial Services Group, Inc. (NYSE:PNC) shareholders may be a little concerned to see that the Independent Lead Director, Andrew Feldstein, recently sold a substantial US$6.3m worth of stock at a price of US$210 per share. That sale reduced their total holding by 19% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At PNC Financial Services Group
Notably, that recent sale by Andrew Feldstein is the biggest insider sale of PNC Financial Services Group shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$208. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
Insiders in PNC Financial Services Group didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Insider Ownership Of PNC Financial Services Group
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that PNC Financial Services Group insiders own 0.4% of the company, worth about US$329m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
So What Does This Data Suggest About PNC Financial Services Group Insiders?
Insiders haven't bought PNC Financial Services Group stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for PNC Financial Services Group that deserve your attention before buying any shares.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.