Trexquant Investment LP Grows Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Trexquant Investment LP increased its stake in The PNC Financial Services Group by 71.2%, acquiring an additional 27,416 shares, bringing its total holdings to 65,939 shares worth approximately $11.59 million.
• The PNC Financial Services Group announced a quarterly dividend of $1.70 per share, marking an increase from the previous dividend of $1.60 and reflecting an annualized yield of 3.3%.
• Analysts have varied opinions on The PNC Financial Services Group, with the average rating being "Moderate Buy" and a consensus price target of $214.17.

Trexquant Investment LP lifted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 71.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,939 shares of the financial services provider's stock after buying an additional 27,416 shares during the period. Trexquant Investment LP's holdings in The PNC Financial Services Group were worth $11,590,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PNC. Massachusetts Financial Services Co. MA increased its holdings in The PNC Financial Services Group by 26.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock valued at $1,670,249,000 after buying an additional 1,964,157 shares in the last quarter. Nuveen LLC purchased a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $306,905,000. Leigh Baldwin & CO. LLC purchased a new stake in The PNC Financial Services Group in the 4th quarter worth approximately $299,864,000. GAMMA Investing LLC grew its stake in The PNC Financial Services Group by 19,279.5% in the 1st quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider's stock worth $201,961,000 after acquiring an additional 1,143,079 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in The PNC Financial Services Group by 41.8% in 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 acquiring an additional 830,440 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 1.0%

Shares of PNC traded up $2.09 during mid-day trading on Friday, reaching $207.71. The company had a trading volume of 2,045,627 shares, compared to its average volume of 1,545,309. The stock has a market cap of $81.80 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The firm has a fifty day simple moving average of $193.71 and a 200-day simple moving average of $179.48. 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 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 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 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 PNC Financial Services Group's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, July 15th. This is a positive change 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%.

Analysts Set New Price Targets

PNC has been the subject of several recent analyst reports. Citigroup lifted their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Bank of America lifted their target price 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. Oppenheimer raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 target price for the company in a research note on Wednesday, July 30th. Morgan Stanley lifted their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. 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 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.