The PNC Financial Services Group, Inc $PNC Shares Sold by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC cut its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 10.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,747 shares of the financial services provider’s stock after selling 424 shares during the period. Van Hulzen Asset Management LLC’s holdings in The PNC Financial Services Group were worth $659,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its position 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 valued at $779,000 after buying an additional 984 shares during the period. Jump Financial LLC raised its stake in shares of The PNC Financial Services Group by 14.6% in the fourth quarter. Jump Financial LLC now owns 2,503 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 318 shares in the last quarter. Marshall Wace LLP purchased a new position in The PNC Financial Services Group in the fourth quarter valued at $2,945,000. TD Waterhouse Canada Inc. grew its stake in The PNC Financial Services Group by 12.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,833 shares of the financial services provider’s stock worth $1,126,000 after purchasing an additional 629 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in The PNC Financial Services Group by 560.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 87,691 shares of the financial services provider’s stock worth $16,912,000 after purchasing an additional 74,416 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and raised their target price for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Citigroup lifted their price target 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. Wall Street Zen upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Bank of America increased their price objective on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $214.17.

The PNC Financial Services Group Trading Up 3.9%

Shares of The PNC Financial Services Group stock opened at $201.5870 on Friday. 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 company has a fifty day simple moving average of $190.75 and a 200-day simple moving average of $179.53. The stock has a market cap of $79.39 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.44 and a beta of 1.09. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS 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 for the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the business 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. On average, equities analysts forecast 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 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 is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The PNC Financial Services Group’s payout ratio is currently 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.