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M&T Bank Corp Sells 147,526 Shares of The PNC Financial Services Group, Inc $PNC
M&T Bank Corp significantly reduced its stake in The PNC Financial Services Group by 82.3% in Q4, selling 147,526 shares and retaining 31,701 shares valued at $6.62 million. Meanwhile, PNC’s CEO and an EVP also sold a combined 64,186 shares totaling over $14.8 million. Despite insider selling, PNC beat quarterly EPS expectations, announced a $1.70 quarterly dividend, and holds a consensus “Moderate Buy” analyst rating with an average price target of $241.69.