Diversified Trust Co Has $677,000 Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Diversified Trust Co reduced its stake in The PNC Financial Services Group by 57.6%, holding 3,632 shares valued at $677,000 after selling 4,931 shares in the second quarter.
• The company reported earnings of $3.85 per share for the latest quarter, exceeding analysts' expectations of $3.56, with a net margin of 18.33% and revenue of $3.01 billion.
• The PNC Financial Services Group recently increased its quarterly dividend to $1.70 per share, reflecting an annual yield of 3.3%.

Diversified Trust Co cut its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 57.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,632 shares of the financial services provider's stock after selling 4,931 shares during the quarter. Diversified Trust Co's holdings in The PNC Financial Services Group were worth $677,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Saudi Central Bank bought a new position in shares of The PNC Financial Services Group in the first quarter valued at about $27,000. Cornerstone Planning Group LLC raised its position in shares of The PNC Financial Services Group by 50.8% in 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 period. Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group in the first quarter valued at about $35,000. WPG Advisers LLC bought a new position in shares of The PNC Financial Services Group in the first quarter valued at about $36,000. Finally, REAP Financial Group LLC raised its position in shares of The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 80 shares during the period. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Stock Down 1.0%

NYSE:PNC opened at $203.48 on Tuesday. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. 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 company has a market cap of $80.13 billion, a PE ratio of 13.92, a P/E/G ratio of 1.52 and a beta of 1.11. The firm's 50 day simple moving average is $197.66 and its 200 day simple moving average is $181.27.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same period in the previous year, the firm posted $3.39 EPS. The company'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. On average, research analysts anticipate 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 firm 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 represents a $6.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is presently 46.51%.

Analysts Set New Price Targets

PNC has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price target on shares of 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. Oppenheimer raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target on the stock in a research report on Wednesday, July 30th. 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. Truist Financial raised their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial raised 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 report on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $213.94.

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.

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