114.04 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||114.26 x 800|
|Ask||114.86 x 800|
|Day's range||113.27 - 116.14|
|52-week range||79.41 - 161.79|
|Beta (5Y monthly)||1.26|
|PE ratio (TTM)||10.60|
|Earnings date||15 Jul 2020|
|Forward dividend & yield||4.60 (3.97%)|
|Ex-dividend date||15 Apr 2020|
|1y target est||110.63|
On May 15, some of the world's best investors -- including the "Oracle of Omaha," Warren Buffett himself -- had to file their quarterly 13F forms with the Securities and Exchange Commission. It offers a window into what top investors have been buying, selling, and leaving alone. Here are three stocks that top investors have recently been buying, and some reasons why you might want to do the same.
Interestingly, two of the four stocks purchased are no longer in Berkshire Hathaway's investment portfolio.
PNC Financial's (PNC) sale of ownership in BlackRock boosts its liquidity to explore attractive investment opportunities.
Moody's Investors Service affirms ratings and assessments of PNC Financial (PNC) and its bank subsidiary. Further, the rating firm's outlook for the bank has been maintained at "stable".
PNC Financial Services Group (NYSE: PNC), the holding company of PNC Bank, grabbed headlines by announcing its intention to sell its roughly $17 billion stake in BlackRock (NYSE: BLK), the world's largest asset manager. The bank, which has $412 billion in assets, will conduct the sale of its 34.8 million common and preferred shares of BlackRock (22.4% ownership) through a registered offering and buyback. BlackRock has agreed to repurchase $1.1 billion worth of its stock from PNC upon completion of the offering.
PNC Financial Services Group (NYSE: PNC) is selling its stake in BlackRock (NYSE: BLK), the world's largest asset manager with about $6.5 trillion in assets under management. PNC bought into BlackRock for $240 million in 1995, and with its 22.4% ownership stake (34.8 million shares), it's the company's largest shareholder.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Kalkomey Holdings, LLC (Kalkomey), a portfolio company of Inverness Graham, on its sale to Cove Hill Partners (Cove Hill). Kalkomey is a leading provider of online recreational safety education and cloud-based agency management solutions to both government agencies and outdoor enthusiasts. The transaction was led by Mike Wilkins, Tyler Dewing, Andy Leed, Brian Titterington and Ben de Fiebre of the Harris Williams Technology, Media & Telecom (TMT) Group.
Investing.com - PNC Financial (NYSE:PNC) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising SuperOffice on its pending majority investment from Axcel. SuperOffice is a leading Northern European SaaS CRM provider. The transaction is subject to customary regulatory approvals. The transaction is being led by Thierry Monjauze and Sylvain Noblet of the Harris Williams Technology, Media & Telecom (TMT) Group and Michael Osborne of the firm’s London office.
Lower rates followed by the coronavirus outbreak and a disappointing fee income are likely to have dampened PNC Financial's (PNC) performance in the January-March quarter.
The $2.2 trillion stimulus bill recently passed by Congress sensibly restricts large companies getting help under that bill from distributing capital to shareholders or paying outsized executive compensation.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised PowerTeam Services, LLC (PowerTeam) on its previously announced acquisition of Miller Pipeline and Minnesota Limited (collectively, MVerge) from CenterPoint Energy, Inc. (NYSE:CNP). PowerTeam, a portfolio company of Clayton, Dubilier & Rice (CD&R), is a premier provider of integrated infrastructure services to the natural gas and electric industries. The transaction was led by Matt White and Drew Spitzer of the Harris Williams Energy, Power & Infrastructure (EPI) Group.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Pathway Vet Alliance (Pathway), a portfolio company of Morgan Stanley Capital Partners (MSCP), on its transaction with TSG Consumer Partners (TSG). Pathway is the leading integrated provider of veterinary care and support services to pets, pet families and veterinarians in the U.S. The transaction was led by Geoff Smith, Whit Knier, James Clark, Tyler Bradshaw, Nathan Robertson, Dalton Hicks and Cameron Thomas of the Harris Williams Healthcare & Life Sciences (HCLS) Group, and Ryan Budlong of the firm’s Consumer Group.
PNC Financial (PNC) appears to be a promising buying opportunity now, based on its rising loan and deposit balances aiding top-line growth.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Kissner Group Holdings LP (Kissner), which is owned by Metalmark Capital Holdings LLC (Metalmark Capital), Silvertree‐KMC II LP (a venture between Silverhawk Capital Partners and Demetree Salt, LLC) and the Kissner management team, on its sale to Stone Canyon Industries Holdings LLC (SCIH) for a purchase price of $2 billion. Kissner is a leading pure-play producer and supplier of salt in North America. The transaction was led by Tim Webb, Brad Morrison, Ty Denoncourt and Chris Toussaint of the Harris Williams Industrials Group and Joe Conner of the firm’s Transportation & Logistics (T&L) Group.