Blue Trust Inc. Sells 110 Shares of The PNC Financial Services Group, Inc $PNC

Blue Trust Inc. reduced its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 3.0% during the second quarter, Holdings Channel.com reports. The fund owned 3,542 shares of the financial services provider’s stock after selling 110 shares during the quarter. Blue Trust Inc.’s holdings in The PNC Financial Services Group were worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PNC. Brighton Jones LLC increased its stake in The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 984 shares during the last quarter. GAMMA Investing LLC increased its stake in The PNC Financial Services Group by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 6,537 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 608 shares during the last quarter. Simon Quick Advisors LLC increased its stake in The PNC Financial Services Group by 29.7% in the 1st quarter. Simon Quick Advisors LLC now owns 1,843 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 422 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of The PNC Financial Services Group by 15.0% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 4,883 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 638 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of The PNC Financial Services Group in the 1st quarter worth about $35,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Trading Down 3.6%

Shares of PNC stock opened at $183.72 on Monday. The stock has a market capitalization of $72.35 billion, a PE ratio of 12.57, a P/E/G ratio of 1.28 and a beta of 1.10. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The business has a 50-day moving average of $198.64 and a 200 day moving average of $183.62. 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 PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 PNC Financial Services Group’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be issued a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.7%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.51%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Wall Street Zen upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Bank of America upped their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Finally, Stephens reiterated an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.21.

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.