NFJ Investment Group LLC Has $55.06 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• NJF Investment Group LLC has reduced its holdings in The PNC Financial Services Group by 5.3%, now owning 313,236 shares valued at approximately $55.06 million.
• The company reported $3.85 EPS for the last quarter, surpassing analyst estimates of $3.56, with a year-over-year revenue increase of 4.6%.
• PNC Financial Services Group has increased its quarterly dividend from $1.60 to $1.70, representing an annual yield of 3.3%.

NFJ Investment Group LLC lowered its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,236 shares of the financial services provider's stock after selling 17,526 shares during the quarter. The PNC Financial Services Group comprises 1.9% of NFJ Investment Group LLC's investment portfolio, making the stock its 7th biggest holding. NFJ Investment Group LLC owned about 0.08% of The PNC Financial Services Group worth $55,057,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PNC. Brighton Jones LLC increased its stake in The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after buying an additional 984 shares during the last quarter. Cetera Investment Advisers boosted its holdings in The PNC Financial Services Group by 7.4% in the 4th quarter. Cetera Investment Advisers now owns 131,123 shares of the financial services provider's stock worth $25,287,000 after buying an additional 9,068 shares during the period. Colonial Trust Co SC boosted its holdings in The PNC Financial Services Group by 10.1% in the 4th quarter. Colonial Trust Co SC now owns 4,032 shares of the financial services provider's stock worth $778,000 after buying an additional 371 shares during the period. Deutsche Bank AG boosted its holdings in The PNC Financial Services Group by 2.4% in the 4th quarter. Deutsche Bank AG now owns 1,780,186 shares of the financial services provider's stock worth $343,309,000 after buying an additional 42,540 shares during the period. Finally, Ethic Inc. grew its position in shares of The PNC Financial Services Group by 11.1% during the 4th quarter. Ethic Inc. now owns 76,493 shares of the financial services provider's stock valued at $14,752,000 after purchasing an additional 7,633 shares in the last quarter. Institutional investors own 83.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. 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 for the company in a research report on Tuesday, July 8th. Bank of America boosted 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. Morgan Stanley upped their price objective on shares of 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. TD Cowen assumed 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 objective for the company. Finally, The Goldman Sachs Group increased 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 note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

The PNC Financial Services Group Stock Performance

PNC traded down $0.69 during trading 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 quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The firm has a market cap of $80.22 billion, a PE ratio of 13.93, a P/E/G ratio of 1.51 and a beta of 1.11. The business's 50 day simple moving average is $196.30 and its 200-day simple moving average is $180.01.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released 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 company had revenue of $3.01 billion for 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 PNC Financial Services Group's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend 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 presently 46.51%.

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.