Brandywine Global Investment Management LLC Sells 8,657 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Brandywine Global Investment Management LLC reduced its stake in The PNC Financial Services Group by 4.2%, selling 8,657 shares, and now holds 199,198 shares valued at approximately $35 million.
• The PNC Financial Services Group announced a quarterly dividend increase to $1.70 per share, reflecting a 3.6% yield, up from the previous $1.60 dividend.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price set at $214.17, according to multiple research analysts.

Brandywine Global Investment Management LLC decreased its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,198 shares of the financial services provider's stock after selling 8,657 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.05% of The PNC Financial Services Group worth $35,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted 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 valued at $34,000 after purchasing an additional 65 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter worth approximately $35,000. REAP Financial Group LLC lifted its position in 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 worth $38,000 after buying 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% during the 4th quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after purchasing an additional 59 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth $41,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Stock Up 0.4%

Shares of PNC stock traded up $0.8040 during trading hours on Tuesday, hitting $192.8140. 1,701,219 shares of the company were exchanged, compared to its average volume of 2,333,040. The business has a 50 day moving average of $189.24 and a two-hundred day moving average of $179.33. 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, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a market capitalization of $75.93 billion, a PE ratio of 13.19, a PEG ratio of 1.42 and a beta of 1.09.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced 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 PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The firm's revenue 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. Analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PNC shares. Citigroup raised their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Bank of America raised their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Morgan Stanley raised their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 price target for the company. Finally, Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

Insider Buying and Selling

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 554,879 shares in the company, valued at $94,190,710.25. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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.