Banco Bilbao Vizcaya Argentaria S.A. Purchases 1,349 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in The PNC Financial Services Group by 3.3%, acquiring an additional 1,349 shares, bringing their total to 41,798 shares valued at approximately $7.35 million.
• The PNC Financial Services Group announced a quarterly dividend increase to $1.70, resulting in an annualized dividend of $6.80 and a yield of 3.5%.
• PNC's stock has shown positive movement, with a 1.1% increase recently, and analysts have set a consensus price target of approximately $214.17, indicating a mixed outlook with ratings ranging from 'Strong Buy' to 'Sell'.

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 3.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 41,798 shares of the financial services provider's stock after purchasing an additional 1,349 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in The PNC Financial Services Group were worth $7,346,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PNC. Cornerstone Planning Group LLC grew its position in shares of The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 65 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at approximately $35,000. REAP Financial Group LLC grew its position in shares of The PNC Financial Services Group by 67.2% during 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 during the period. True Wealth Design LLC grew its position in shares of The PNC Financial Services Group by 41.5% during 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 during the period. Finally, Fourth Dimension Wealth LLC bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at approximately $41,000. 83.53% of the stock is owned by institutional investors.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $169.75, for a total value of $210,829.50. Following the sale, the chief executive officer directly owned 554,879 shares in the company, valued at $94,190,710.25. This represents a 0.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

The PNC Financial Services Group Stock Up 1.1%

PNC opened at $195.0670 on Thursday. The company has a 50 day moving average of $189.85 and a 200 day moving average of $179.54. The company 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, Inc has a 12 month low of $145.12 and a 12 month 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $5.61 billion. During the same period last year, the firm earned $3.39 EPS. The PNC Financial Services Group's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current 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 paid a $1.70 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 annualized dividend and a yield of 3.5%. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PNC shares. 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 report on Tuesday, July 8th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Bank of America increased their target price on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Oppenheimer raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 target price for the company in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group raised their price objective on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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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