Advisors Asset Management Inc. Has $2.76 Million Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Advisors Asset Management Inc. reduced its holdings in The PNC Financial Services Group by 40.4% to $2.76 million, owning 15,691 shares after selling 10,656 shares in the first quarter.
• The PNC Financial Services Group reported a $3.85 EPS for the last quarter, exceeding estimates by $0.29, with revenues of $3.01 billion
• The company recently increased its quarterly dividend to $1.70 per share, reflecting a 3.3% yield and a 46.51% payout ratio.

Advisors Asset Management Inc. lessened its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 40.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,691 shares of the financial services provider's stock after selling 10,656 shares during the period. Advisors Asset Management Inc.'s holdings in The PNC Financial Services Group were worth $2,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PNC. Saudi Central Bank bought a new position in The PNC Financial Services Group during the first quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in The PNC Financial Services Group by 50.8% during the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after buying an additional 65 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in The PNC Financial Services Group during the first quarter worth $35,000. WPG Advisers LLC bought a new position in The PNC Financial Services Group during the first quarter worth $36,000. Finally, REAP Financial Group LLC raised its stake in The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after buying an additional 80 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Down 1.4%

PNC opened at $204.51 on Friday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. 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 company has a market cap of $80.54 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11. The company has a fifty day moving average price of $195.96 and a two-hundred day moving average price of $179.98.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders 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 is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The PNC Financial Services Group's payout ratio is presently 46.51%.

Analysts Set New Price Targets

PNC has been the subject of a number of analyst reports. Raymond James Financial raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 target price for the company in a research note on Tuesday, July 8th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Truist Financial lifted their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

The PNC Financial Services Group Company 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.

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