LRI Investments LLC Sells 336 Shares of The PNC Financial Services Group, Inc $PNC

LRI Investments LLC cut its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,847 shares of the financial services provider’s stock after selling 336 shares during the period. LRI Investments LLC’s holdings in The PNC Financial Services Group were worth $717,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Saudi Central Bank acquired a new stake in The PNC Financial Services Group in the first quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in shares of The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing 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 valued at approximately $35,000. WPG Advisers LLC bought a new stake in shares of The PNC Financial Services Group during the 1st quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in The PNC Financial Services Group in the first quarter valued at approximately $41,000. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $183.72 on Friday. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. 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 market capitalization of $72.35 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The business has a 50-day moving average of $198.64 and a 200-day moving average of $183.56.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (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 during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the business earned $3.39 EPS. The company’s revenue 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. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Stephens reiterated an “equal weight” rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. UBS Group increased their target price on The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group 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.