Teza Capital Management LLC Sells 8,356 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Teza Capital Management LLC has reduced its stake in The PNC Financial Services Group by 57.6%, selling 8,356 shares, which leaves it with 6,148 shares valued at approximately $1,081,000.
• The PNC Financial Services Group recently announced a quarterly dividend increase to $1.70 per share, reflecting a yield of 3.3%, up from the previous dividend of $1.60.
• Analysts are optimistic about the stock's performance, with several firms setting target prices above $200, indicating a consensus average target price of $214.17 and a rating of "Moderate Buy."

Teza Capital Management LLC decreased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 57.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,148 shares of the financial services provider's stock after selling 8,356 shares during the period. Teza Capital Management LLC's holdings in The PNC Financial Services Group were worth $1,081,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PNC. Brighton Jones LLC raised its stake in shares of The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after acquiring an additional 984 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of The PNC Financial Services Group by 21.7% in the fourth quarter. Ensign Peak Advisors Inc now owns 277,755 shares of the financial services provider's stock valued at $53,565,000 after acquiring an additional 49,464 shares during the last quarter. Francis Financial Inc. raised its stake in shares of The PNC Financial Services Group by 5.4% in the fourth quarter. Francis Financial Inc. now owns 2,565 shares of the financial services provider's stock valued at $470,000 after acquiring an additional 132 shares during the last quarter. Focus Partners Wealth raised its stake in shares of The PNC Financial Services Group by 0.7% in the fourth quarter. Focus Partners Wealth now owns 201,877 shares of the financial services provider's stock valued at $39,138,000 after acquiring an additional 1,402 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter valued at approximately $224,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

PNC stock opened at $204.51 on Friday. 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 company has a 50 day moving average price of $195.96 and a 200 day moving average price of $179.98. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The stock has a market capitalization of $80.54 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11.

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 the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. During the same quarter in the previous year, the company posted $3.39 EPS. The PNC Financial Services Group's 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. Analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued 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 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 (DPR) is presently 46.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of The PNC Financial Services Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $233.00 target price for the company. Bank of America lifted their target price on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Morgan Stanley lifted their target price 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. Truist Financial lifted their target price on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. Finally, Citigroup lifted their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $214.17.

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.

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