Jones Financial Companies Lllp Sells 20,672 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in The PNC Financial Services Group by 74.1%, bringing its holdings down to 7,215 shares valued at approximately $1.27 million.
• Analysts have issued positive forecasts for PNC, with Citigroup raising their price target from $205.00 to $217.00 and maintaining a "buy" rating.
• PNC recently announced a quarterly dividend increase from $1.60 to $1.70 per share, yielding an annualized dividend of $6.80 and a dividend yield of 3.4%.

Jones Financial Companies Lllp trimmed its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 74.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,215 shares of the financial services provider's stock after selling 20,672 shares during the quarter. Jones Financial Companies Lllp's holdings in The PNC Financial Services Group were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNC. Saudi Central Bank bought a new position in shares of The PNC Financial Services Group in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its holdings in 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 valued at $34,000 after buying an additional 65 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group during the 1st quarter valued at $35,000. WPG Advisers LLC purchased 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 stake in shares of The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 80 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 0.4%

NYSE:PNC traded up $0.72 during mid-day trading on Monday, hitting $202.70. 1,464,299 shares of the company's stock were exchanged, compared to its average volume of 1,509,861. 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 business has a fifty day moving average price of $197.01 and a 200 day moving average price of $180.50. The company has a market cap of $79.82 billion, a PE ratio of 13.86, a P/E/G ratio of 1.49 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its 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 PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current 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 $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.4%. This is a positive change 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 dividend payout ratio is presently 46.51%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup raised their target price on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Morgan Stanley boosted their target price on 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. Oppenheimer raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target for the company in a research note on Wednesday, July 30th. Finally, Raymond James Financial upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price target on the stock in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $213.67.

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.