BI Asset Management Fondsmaeglerselskab A S Sells 3,958 Shares of The PNC Financial Services Group, Inc $PNC

BI Asset Management Fondsmaeglerselskab A S cut its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,344 shares of the financial services provider’s stock after selling 3,958 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in The PNC Financial Services Group were worth $3,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after buying an additional 65 shares during the period. REAP Financial Group LLC increased its stake in shares of The PNC Financial Services Group by 67.2% in the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. True Wealth Design LLC increased its stake in shares of The PNC Financial Services Group by 41.5% in the 4th quarter. True Wealth Design LLC now owns 201 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 59 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in The PNC Financial Services Group during the first quarter worth $41,000. Institutional investors own 83.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PNC shares. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. The Goldman Sachs Group boosted their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Bank of America increased their target price on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, Raymond James Financial upgraded shares of The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 price target for the company in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus target price of $214.17.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $195.0670 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $189.85 and its two-hundred day simple moving average is $179.54. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The stock has a market cap of $76.82 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.09.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s payout ratio is 46.51%.

Insider Activity at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $169.75, for a total value of $210,829.50. Following the transaction, the chief executive officer owned 554,879 shares in the company, valued at $94,190,710.25. The trade was a 0.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.