Some The PNC Financial Services Group, Inc. (NYSE:PNC) shareholders may be a little concerned to see that the Executive VP & Chief Credit Officer, Michael Hannon, recently sold a substantial US$773k worth of stock at a price of US$184 per share. However, it's crucial to note that they remain very much invested in the stock and that sale only reduced their holding by 8.2%.
PNC Financial Services Group Insider Transactions Over The Last Year
Notably, that recent sale by Michael Hannon 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$183. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
PNC Financial Services Group insiders didn't buy any shares over 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!
I will like PNC Financial Services Group better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does PNC Financial Services Group Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. PNC Financial Services Group insiders own 0.3% of the company, currently worth about US$242m based on the recent share price. 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?
An insider sold PNC Financial Services Group shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. On the plus side, PNC Financial Services Group makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. 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.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.
This article by Simply Wall St is general in nature. 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
