Dimensional Fund Advisors LP Sells 10,446 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Dimensional Fund Advisors LP reduced its stake in The PNC Financial Services Group by 0.5%, owning approximately 2.23 million shares valued at $391.48 million as of the end of the most recent quarter.
• PNC Financial Services recently increased its quarterly dividend from $1.60 to $1.70, representing an annualized yield of 3.6% and a payout ratio of 46.51%.
• Several analysts have upgraded their price targets for PNC, with Oppenheimer setting a new target of $238.00, while the consensus rating remains a "Moderate Buy" with a target price of $214.17.

Dimensional Fund Advisors LP cut its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,227,828 shares of the financial services provider's stock after selling 10,446 shares during the period. Dimensional Fund Advisors LP owned 0.56% of The PNC Financial Services Group worth $391,481,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Horizon Investments LLC boosted its position in The PNC Financial Services Group by 5.9% during the 1st quarter. Horizon Investments LLC now owns 13,094 shares of the financial services provider's stock worth $2,278,000 after acquiring an additional 728 shares during the period. Azimuth Capital Investment Management LLC lifted its holdings in The PNC Financial Services Group by 14.0% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 59,231 shares of the financial services provider's stock worth $10,411,000 after purchasing an additional 7,296 shares during the last quarter. Trivium Point Advisory LLC increased its position in The PNC Financial Services Group by 35.2% in the 1st quarter. Trivium Point Advisory LLC now owns 2,725 shares of the financial services provider's stock worth $479,000 after buying an additional 710 shares during the period. Kovitz Investment Group Partners LLC increased its position in The PNC Financial Services Group by 13.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 403,834 shares of the financial services provider's stock worth $70,982,000 after buying an additional 46,853 shares during the period. Finally, Cookson Peirce & Co. Inc. increased its position in The PNC Financial Services Group by 20.2% in the 1st quarter. Cookson Peirce & Co. Inc. now owns 6,839 shares of the financial services provider's stock worth $1,202,000 after buying an additional 1,149 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock traded up $2.0820 on Wednesday, reaching $195.0720. The company's stock had a trading volume of 1,006,005 shares, compared to its average volume of 2,324,406. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a market cap of $76.82 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 1.42 and a beta of 1.09. The business's fifty day moving average price is $189.51 and its 200 day moving average price is $179.43.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts expect 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. Stockholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is currently 46.51%.

Insider Activity

In other news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $169.75, for a total transaction of $210,829.50. Following the transaction, the chief executive officer owned 554,879 shares of the company's stock, valued at $94,190,710.25. This 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 owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on 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. Raymond James Financial upgraded 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 research report on Tuesday, July 8th. Citigroup boosted their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Finally, TD Cowen assumed coverage on The PNC Financial Services Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $233.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group 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.