The PNC Financial Services Group, Inc $PNC Shares Sold by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. has reduced its stake in The PNC Financial Services Group by 62.2% during the 1st quarter, owning 11,447 shares worth approximately $2,012,000 after selling 18,797 shares.
• The PNC Financial Services Group reported $3.85 EPS for the quarter, exceeding analysts' expectations of $3.56, with a quarterly revenue of $3.01 billion, representing a 4.6% increase year-over-year.
• The company has announced an increase in its quarterly dividend to $1.70 per share, translating to an annualized dividend of $6.80 and a dividend yield of 3.3%.

EFG Asset Management North America Corp. decreased its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 62.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,447 shares of the financial services provider's stock after selling 18,797 shares during the period. EFG Asset Management North America Corp.'s holdings in The PNC Financial Services Group were worth $2,012,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PNC. PKS Advisory Services LLC lifted its position in shares of The PNC Financial Services Group by 3.2% during the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider's stock worth $332,000 after purchasing an additional 60 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of The PNC Financial Services Group by 50.8% during 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. WealthPLAN Partners LLC lifted its position in shares of The PNC Financial Services Group by 0.5% during the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider's stock worth $2,220,000 after purchasing an additional 66 shares during the last quarter. Calton & Associates Inc. lifted its position in shares of The PNC Financial Services Group by 1.8% during the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider's stock worth $644,000 after purchasing an additional 66 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of The PNC Financial Services Group by 13.8% during the 1st quarter. Y.D. More Investments Ltd now owns 559 shares of the financial services provider's stock worth $98,000 after purchasing an additional 68 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

Shares of PNC stock traded down $0.69 during trading hours on Monday, hitting $203.71. The company's stock had a trading volume of 1,772,793 shares, compared to its average volume of 1,506,757. 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 stock has a market cap of $80.22 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.51 and a beta of 1.11. The business has a fifty day moving average of $195.96 and a 200-day moving average of $179.90. 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 posted its quarterly 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 company 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 was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors 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 dividend payout ratio (DPR) is 46.51%.

Analyst Upgrades and Downgrades

PNC has been the topic of several research analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Bank of America lifted 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 note on Thursday, July 17th. Truist Financial lifted 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 note on Wednesday, July 9th. Finally, TD Cowen initiated coverage on shares of The PNC Financial Services Group in a research note on Thursday, May 15th. They set a "buy" rating and a $233.00 price target on the stock. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $214.17.

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.