This Insider Has Just Sold Shares In PNC Financial Services Group

We wouldn't blame The PNC Financial Services Group, Inc. (NYSE:PNC) shareholders if they were a little worried about the fact that E. Parsley, the Executive VP & COO recently netted about US$1.3m selling shares at an average price of US$176. However, that sale only accounted for 3.7% of their holding, so arguably it doesn't say much about their conviction.

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

The Independent Lead Director, Andrew Feldstein, made the biggest insider sale in the last 12 months. That single transaction was for US$6.3m worth of shares at a price of US$210 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$173). So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 1.12k shares worth US$182k. But insiders sold 54.26k shares worth US$11m. Over the last year we saw more insider selling of PNC Financial Services Group shares, than buying. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for PNC Financial Services Group

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).

Does PNC Financial Services Group Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It's great to see that PNC Financial Services Group insiders own 0.4% of the company, worth about US$283m. 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 Do The PNC Financial Services Group Insider Transactions Indicate?

The insider sales have outweighed the insider buying, at PNC Financial Services Group, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that PNC Financial Services Group is growing earnings. 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. At Simply Wall St, we found 1 warning sign for PNC Financial Services Group that deserve your attention before buying any shares.

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 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.