CHICAGO TRUST Co NA Has $1.23 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• CHICAGO TRUST Co NA reduced its holdings in The PNC Financial Services Group by 19.3%, retaining 6,589 shares valued at approximately $1.23 million.
• The PNC Financial Services Group recently reported earnings of $3.85 per share, surpassing expectations and demonstrating a 4.6% year-over-year revenue increase.
• The company announced a quarterly dividend increase to $1.70 per share, resulting in an annualized dividend of $6.80 and a dividend yield of 3.3%.

CHICAGO TRUST Co NA trimmed its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,589 shares of the financial services provider's stock after selling 1,576 shares during the period. CHICAGO TRUST Co NA's holdings in The PNC Financial Services Group were worth $1,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in The PNC Financial Services Group by 32.2% during the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock worth $779,000 after buying an additional 984 shares during the last quarter. Ascent Group LLC grew its stake in The PNC Financial Services Group by 3.8% during the fourth quarter. Ascent Group LLC now owns 8,311 shares of the financial services provider's stock valued at $1,603,000 after acquiring an additional 308 shares in the last quarter. Ameriflex Group Inc. purchased a new position in The PNC Financial Services Group during the fourth quarter valued at approximately $91,000. Armis Advisers LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at approximately $530,000. Finally, Heck Capital Advisors LLC bought a new stake in The PNC Financial Services Group during the fourth quarter valued at approximately $52,000. 83.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Truist Financial boosted 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 report on Wednesday, July 9th. Piper Sandler boosted their price objective on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. Stephens reiterated an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Finally, Raymond James Financial increased their price target on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday. 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.94.

The PNC Financial Services Group Stock Down 1.0%

NYSE PNC opened at $203.48 on Tuesday. 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 company has a fifty day moving average of $197.66 and a two-hundred day moving average of $181.27. The firm has a market capitalization of $80.13 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.52 and a beta of 1.11. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 business's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

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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