Alyeska Investment Group L.P. Sells 183,191 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Alyeska Investment Group L.P. reduced its stake in The PNC Financial Services Group by 48.1%, selling 183,191 shares during the first quarter.
• The PNC Financial Services Group plans to increase its quarterly dividend to $1.70 per share, up from the previous $1.60, representing a 3.3% dividend yield.
• In its latest earnings report, PNC reported $3.85 earnings per share, exceeding analysts' expectations by $0.29, with quarterly revenue up 4.6% year-over-year.

Alyeska Investment Group L.P. lessened its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 48.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,854 shares of the financial services provider's stock after selling 183,191 shares during the quarter. Alyeska Investment Group L.P. owned about 0.05% of The PNC Financial Services Group worth $34,777,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PNC. Brighton Jones LLC lifted its position in The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after acquiring an additional 984 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in The PNC Financial Services Group in the 4th quarter valued at about $1,747,000. Captrust Financial Advisors lifted its position in The PNC Financial Services Group by 2.0% in the 4th quarter. Captrust Financial Advisors now owns 85,341 shares of the financial services provider's stock valued at $16,458,000 after acquiring an additional 1,692 shares in the last quarter. Cetera Investment Advisers lifted its position in The PNC Financial Services Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 131,123 shares of the financial services provider's stock valued at $25,287,000 after acquiring an additional 9,068 shares in the last quarter. Finally, Crestline Management LP lifted its position in The PNC Financial Services Group by 390.8% in the 4th quarter. Crestline Management LP now owns 22,283 shares of the financial services provider's stock valued at $4,297,000 after acquiring an additional 17,743 shares in the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Down 0.2%

Shares of PNC stock opened at $205.00 on Thursday. The company has a 50 day moving average of $195.16 and a 200-day moving average of $179.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The firm has a market cap of $80.73 billion, a P/E ratio of 14.02, a PEG ratio of 1.53 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly 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 PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the business posted $3.39 EPS. The PNC Financial Services Group's quarterly revenue was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, July 15th. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.51%.

Analyst Ratings Changes

PNC has been the topic of several recent research reports. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price target for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. 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 price target on the stock in a research report on Tuesday, July 8th. Truist Financial increased their price objective 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. Oppenheimer upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price objective for the company in a research note on Wednesday, July 30th. Finally, Bank of America increased their price objective on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. One 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 company currently has an average rating of "Moderate Buy" and an average target price of $214.17.

About The PNC Financial Services Group

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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