Prime Capital Investment Advisors LLC Sells 5,595 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Prime Capital Investment Advisors LLC reduced its stake in The PNC Financial Services Group by 14.2%, selling 5,595 shares in the second quarter, resulting in a remaining holding of 33,818 shares valued at approximately $6.3 million.
• Several institutional investors increased their positions in PNC, with Massachusetts Financial Services growing its stake by 26.1% and AQR Capital Management raising its holdings by 187.3% during the first quarter.
• PNC Financial Services recently announced a quarterly dividend of $1.70, reflecting an annualized yield of 3.5% and a payout ratio of 46.51%.

Prime Capital Investment Advisors LLC lessened its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,818 shares of the financial services provider's stock after selling 5,595 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in The PNC Financial Services Group were worth $6,304,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PNC. Massachusetts Financial Services Co. MA grew its position in The PNC Financial Services Group by 26.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock worth $1,670,249,000 after acquiring an additional 1,964,157 shares during the last quarter. Nuveen LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter worth $306,905,000. Amundi increased its stake in shares of The PNC Financial Services Group by 76.1% in the first quarter. Amundi now owns 2,186,073 shares of the financial services provider's stock valued at $352,592,000 after buying an additional 944,731 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of The PNC Financial Services Group by 187.3% in the first quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider's stock valued at $245,055,000 after buying an additional 926,709 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in The PNC Financial Services Group by 41.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,818,090 shares of the financial services provider's stock worth $495,336,000 after buying an additional 830,440 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Piper Sandler boosted their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Raymond James Financial lifted their price objective on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, September 19th. Finally, Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $217.11.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $195.81 on Tuesday. 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, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The company's 50 day moving average price is $198.70 and its two-hundred day moving average price is $183.25. The company has a market capitalization of $77.11 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period last year, the company earned $3.39 earnings per share. The PNC Financial Services Group's quarterly revenue 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. On average, analysts expect 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.5%. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

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.

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