Exane Asset Management Sells 13,408 Shares of The PNC Financial Services Group, Inc $PNC

Exane Asset Management cut its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 9.0% in the second quarter, Holdings Channel.com reports. The fund owned 136,375 shares of the financial services provider’s stock after selling 13,408 shares during the quarter. The PNC Financial Services Group makes up about 10.7% of Exane Asset Management’s investment portfolio, making the stock its 4th largest position. Exane Asset Management’s holdings in The PNC Financial Services Group were worth $25,423,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Saudi Central Bank bought a new stake in The PNC Financial Services Group in the first quarter worth $27,000. Cornerstone Planning Group LLC lifted its position in shares of The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock worth $34,000 after buying an additional 65 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the 1st quarter worth about $35,000. WPG Advisers LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $41,000. 83.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on PNC. Oppenheimer decreased their target price on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Raymond James Financial upped their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Truist Financial boosted their target price on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $215.17.

The PNC Financial Services Group Stock Up 0.3%

NYSE PNC opened at $203.30 on Monday. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The stock has a market cap of $80.06 billion, a PE ratio of 13.91, a PEG ratio of 1.50 and a beta of 1.11. The firm has a 50-day simple moving average of $198.37 and a 200 day simple moving average of $182.18. 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 (NYSE:PNC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research 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 company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.3%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 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.