Have PNC Financial Services Group Insiders Been Selling Stock?

We wouldn't blame The PNC Financial Services Group, Inc. (NYSE:PNC) shareholders if they were a little worried about the fact that Andrew Feldstein, the Independent Lead Director recently netted about US$6.3m selling shares at an average price of US$210. That sale reduced their total holding by 19% which is hardly insignificant, but far from the worst we've seen.

Check out our latest analysis for PNC Financial Services Group

The Last 12 Months Of Insider Transactions At PNC Financial Services Group

In fact, the recent sale by Andrew Feldstein was the biggest sale of PNC Financial Services Group shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$208. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

PNC Financial Services Group insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like PNC Financial Services Group better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership Of PNC Financial Services Group

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. 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 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. 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. Every company has risks, and we've spotted 1 warning sign for PNC Financial Services Group you should know about.

Of course PNC Financial Services Group may not be the best stock to buy. So you may wish to see this free collection of high quality 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.

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.