Yahoo Finance As The PNC Financial Services Group, Inc.'s (NYSE:PNC)) market cap dropped by US$6.5b, insiders who sold US$4.1m worth of stock were able to offset their losses
Insiders seem to have made the most of their holdings by selling US$4.1m worth of The PNC Financial Services Group, Inc. (NYSE:PNC) stock at an average sell price of US$191 during the past year. The company’s market cap plunged by US$6.5b after price dropped by 9.6% last week but insiders were able to limit their loss to an extent.
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
Check out our latest analysis for PNC Financial Services Group
The Last 12 Months Of Insider Transactions At PNC Financial Services Group
The Executive VP and Head of Corporate & Institutional Banking, Michael Lyons, made the biggest insider sale in the last 12 months. That single transaction was for US$1.0m worth of shares at a price of US$183 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$148). So it is hard to draw any strong conclusion from it.
In total, PNC Financial Services Group insiders sold more than they bought over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insiders At PNC Financial Services Group Have Sold Stock Recently
The last three months saw significant insider selling at PNC Financial Services Group. In total, Executive VP and Head of Corporate & Institutional Banking Michael Lyons dumped US$584k worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
Insider Ownership Of PNC Financial Services Group
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. PNC Financial Services Group insiders own 0.3% of the company, currently worth about US$208m based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At PNC Financial Services Group Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing PNC Financial Services Group. Case in point: We've spotted 1 warning sign for PNC Financial Services Group you should be aware of.
But note: PNC Financial Services Group may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
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, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
