BI Asset Management Fondsmaeglerselskab A S Trims Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in The PNC Financial Services Group by 17.7%, now holding 18,344 shares valued at approximately $3.22 million.
• Several institutional investors have increased their holdings, including Cornerstone Planning Group and REAP Financial Group, with Cornerstone raising its stake by 50.8% in the first quarter.
• The PNC Financial Services Group announced a quarterly dividend of $1.70 per share, marking an increase from the previous $1.60, and reflecting a 3.5% dividend yield.

BI Asset Management Fondsmaeglerselskab A S lowered its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 17.7% during the first quarter, according to its most recent filing with the SEC. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings 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 worth $34,000 after acquiring an additional 65 shares during the period. REAP Financial Group LLC raised its holdings 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 worth $38,000 after acquiring an additional 80 shares during the period. True Wealth Design LLC raised its holdings 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 worth $39,000 after acquiring an additional 59 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of The PNC Financial Services Group during the 1st quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of The PNC Financial Services Group during the 1st quarter worth $41,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PNC shares. Bank of America lifted their price target 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. Oppenheimer raised 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 report on Wednesday, July 30th. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price objective for the company in a research report on Tuesday, July 8th. Finally, Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

The PNC Financial Services Group Stock Up 0.9%

Shares of The PNC Financial Services Group stock traded up $1.88 on Tuesday, reaching $202.58. 240,285 shares of the company were exchanged, compared to its average volume of 2,302,612. 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 market cap of $79.78 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The stock's 50 day moving average price is $191.26 and its 200-day moving average price is $179.23.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the company posted $3.39 earnings per share. The business'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. As a group, equities analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a yield of 3.4%. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.51%.

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.