Sava Infond d.o.o. Sells 2,000 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Sava Infond d.o.o. sold 2,000 shares of The PNC Financial Services Group, reducing its stake by 15.1%, with remaining holdings valued at approximately $2.1 million.
• Several institutional investors, including Hennessy Advisors and Ameriflex Group, have increased their stakes in PNC, reflecting strong interest with 83.53% of the stock now owned by institutional investors.
• Wall Street analysts have generally positive outlooks for PNC, with an average rating of "Moderate Buy" and a target price of $217.11, indicating expected growth and stability for the financial services company.

Sava Infond d.o.o. trimmed its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 15.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,240 shares of the financial services provider's stock after selling 2,000 shares during the period. Sava Infond d.o.o.'s holdings in The PNC Financial Services Group were worth $2,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Hennessy Advisors Inc. raised its stake in shares of The PNC Financial Services Group by 6.3% in the 2nd quarter. Hennessy Advisors Inc. now owns 8,500 shares of the financial services provider's stock valued at $1,585,000 after acquiring an additional 500 shares in the last quarter. Ameriflex Group Inc. raised its stake in shares of The PNC Financial Services Group by 72.0% in the 2nd quarter. Ameriflex Group Inc. now owns 781 shares of the financial services provider's stock valued at $145,000 after acquiring an additional 327 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of The PNC Financial Services Group by 5.9% in the 2nd quarter. QRG Capital Management Inc. now owns 43,727 shares of the financial services provider's stock valued at $8,152,000 after acquiring an additional 2,438 shares in the last quarter. Precedent Wealth Partners LLC raised its stake in shares of The PNC Financial Services Group by 20.8% in the 2nd quarter. Precedent Wealth Partners LLC now owns 7,689 shares of the financial services provider's stock valued at $1,433,000 after acquiring an additional 1,323 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of The PNC Financial Services Group by 8.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,263 shares of the financial services provider's stock valued at $9,556,000 after acquiring an additional 4,142 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PNC has been the topic of a number of recent analyst reports. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Piper Sandler raised their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Wells Fargo & Company raised their target price on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Friday. Finally, Raymond James Financial raised their target price on The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $217.11.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $198.54 on Friday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The firm has a market capitalization of $78.19 billion, a PE ratio of 13.58, a PEG ratio of 1.46 and a beta of 1.10. The business's 50 day moving average is $198.66 and its 200-day moving average is $182.96. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm earned $3.39 EPS. The PNC Financial Services Group's revenue for the quarter was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 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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