Lbp Am Sa Cuts Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Lbp Am Sa significantly reduced its stake in The PNC Financial Services Group by 83.4% in the second quarter, selling 17,819 shares and holding 3,537 shares valued at $659,000.
• Several other investors, including Avior Wealth Management LLC and Rockland Trust Co., have increased their positions, indicating a mix in sentiment among institutional investors.
• Analysts have recently upgraded PNC's rating and set price targets, with Citigroup raising its target from $217 to $230, while the consensus rating remains a "Moderate Buy" with an average price target of $217.11.

Lbp Am Sa cut its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 83.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,537 shares of the financial services provider's stock after selling 17,819 shares during the period. Lbp Am Sa's holdings in The PNC Financial Services Group were worth $659,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Avior Wealth Management LLC lifted its stake in shares of The PNC Financial Services Group by 4.5% in the 2nd quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider's stock valued at $226,000 after purchasing an additional 52 shares in the last quarter. Rockland Trust Co. lifted its position in The PNC Financial Services Group by 0.5% during the second quarter. Rockland Trust Co. now owns 10,499 shares of the financial services provider's stock valued at $1,957,000 after buying an additional 53 shares in the last quarter. Kestra Investment Management LLC grew its stake in The PNC Financial Services Group by 11.4% during the first quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider's stock worth $99,000 after buying an additional 58 shares during the period. Bank of Stockton grew its stake in The PNC Financial Services Group by 1.2% during the second quarter. Bank of Stockton now owns 4,849 shares of the financial services provider's stock worth $904,000 after buying an additional 58 shares during the period. Finally, Venture Visionary Partners LLC increased its position in shares of The PNC Financial Services Group by 2.2% in the second quarter. Venture Visionary Partners LLC now owns 2,677 shares of the financial services provider's stock worth $499,000 after acquiring an additional 58 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PNC. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. The Goldman Sachs Group upped their target price on 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. Citigroup increased their target price on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Stephens reissued an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Finally, Truist Financial increased their price objective on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $217.11.

The PNC Financial Services Group Trading Up 0.2%

NYSE PNC opened at $198.54 on Friday. The company has a market capitalization of $78.19 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. 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 PNC Financial Services Group, Inc has a 12 month low of $145.12 and a 12 month high of $216.26. The company's fifty day moving average price is $198.66 and its two-hundred day moving average price is $182.96.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates 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 company's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's payout ratio is 46.51%.

About The PNC Financial Services Group

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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