Kestra Advisory Services LLC Reduces Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Kestra Advisory Services LLC sold 1,842 shares of The PNC Financial Services Group, reducing its holdings by 1.8% to a total of 102,966 shares valued at approximately $18.1 million.
• The PNC Financial Services Group reported earnings of $3.85 per share for the last quarter, exceeding analyst expectations, while its revenue increased 4.6% year-over-year.
• Recently, the company announced a quarterly dividend increase to $1.70 per share, up from $1.60, reflecting a dividend yield of 3.4%.

Kestra Advisory Services LLC lessened its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 102,966 shares of the financial services provider's stock after selling 1,842 shares during the period. Kestra Advisory Services LLC's holdings in The PNC Financial Services Group were worth $18,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Ignite Planners LLC grew its holdings in shares of The PNC Financial Services Group by 8.4% during the first quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock valued at $262,000 after buying an additional 126 shares during the last quarter. Exane Asset Management grew its stake in The PNC Financial Services Group by 32.9% during the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock valued at $28,434,000 after purchasing an additional 37,110 shares during the last quarter. Smith Salley Wealth Management increased its holdings in shares of The PNC Financial Services Group by 15.6% in the first quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock valued at $12,804,000 after purchasing an additional 9,836 shares during the period. United Community Bank raised its stake in shares of The PNC Financial Services Group by 687.0% in the first quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock worth $2,166,000 after purchasing an additional 10,759 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of The PNC Financial Services Group by 4.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock worth $493,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded up $2.86 during midday trading on Wednesday, reaching $206.32. 1,762,175 shares of the company's stock traded hands, compared to its average volume of 2,305,497. The company has a fifty day simple moving average of $191.87 and a two-hundred day simple moving average of $179.40. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a market cap of $81.25 billion, a P/E ratio of 14.11, a PEG ratio of 1.49 and a beta of 1.09. 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 (NYSE:PNC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.39 earnings per share. 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 fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's dividend payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PNC shares. Bank of America upped their target price 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. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Citigroup raised their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Finally, Morgan Stanley increased their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. One investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.