Credit Agricole S A Sells 4,120 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Credit Agricole S A has reduced its stake in The PNC Financial Services Group by 2.1%, owning 195,825 shares valued at approximately $34.4 million following the sale of 4,120 shares in Q1.
• The PNC Financial Services Group recently increased its quarterly dividend to $1.70 per share, up from $1.60, marking an annualized dividend yield of 3.5%.
• The company reported earnings per share of $3.85 for the last quarter, exceeding analysts' estimates of $3.56, with revenue up 4.6% year-over-year.

Credit Agricole S A decreased its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 195,825 shares of the financial services provider's stock after selling 4,120 shares during the quarter. Credit Agricole S A's holdings in The PNC Financial Services Group were worth $34,420,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PNC. Cornerstone Planning Group LLC grew its holdings in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after purchasing an additional 65 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group during the 1st quarter worth about $35,000. REAP Financial Group LLC grew its holdings in 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 last quarter. True Wealth Design LLC grew its holdings in 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 last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in The PNC Financial Services Group during the 1st quarter worth about $41,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 3.9%

Shares of NYSE:PNC traded up $7.5870 during mid-day trading on Friday, reaching $201.5870. The stock had a trading volume of 1,835,636 shares, compared to its average volume of 1,536,210. The firm has a market cap of $79.39 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. The firm has a 50 day simple moving average of $190.75 and a two-hundred day simple moving average of $179.39. 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 twelve month low of $145.12 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate 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 PNC Financial Services Group's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. 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. This represents a $6.80 annualized dividend and a yield of 3.4%. The PNC Financial Services Group's dividend payout ratio is 46.51%.

Analyst Ratings Changes

PNC has been the topic of a number of research analyst reports. The Goldman Sachs Group increased 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. 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 objective on the stock in a report on Tuesday, July 8th. Oppenheimer raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price objective on the stock in a report on Wednesday, July 30th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Finally, Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.