Edmond DE Rothschild Holding S.A. Sells 1,120 Shares of The PNC Financial Services Group, Inc $PNC

Edmond DE Rothschild Holding S.A. lowered its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,295 shares of the financial services provider’s stock after selling 1,120 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in The PNC Financial Services Group were worth $1,282,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of The PNC Financial Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 37,965,619 shares of the financial services provider’s stock valued at $6,673,217,000 after acquiring an additional 248,252 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 purchasing an additional 1,964,157 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The PNC Financial Services Group by 0.5% in the first quarter. Ameriprise Financial Inc. now owns 4,807,684 shares of the financial services provider’s stock valued at $844,967,000 after purchasing an additional 24,588 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of The PNC Financial Services Group by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 4,056,797 shares of the financial services provider’s stock valued at $713,063,000 after purchasing an additional 186,249 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of The PNC Financial Services Group by 5.3% in the fourth quarter. Royal Bank of Canada now owns 3,573,162 shares of the financial services provider’s stock valued at $689,084,000 after purchasing an additional 179,760 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Truist Financial raised their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and raised their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Morgan Stanley raised their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.17.

The PNC Financial Services Group Price Performance

Shares of PNC stock opened at $204.51 on Friday. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The stock has a market cap of $80.54 billion, a PE ratio of 13.99, a PEG ratio of 1.53 and a beta of 1.11. 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 firm’s 50 day moving average price is $195.96 and its two-hundred day moving average price is $180.08.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.61 billion. During the same period last year, the firm earned $3.39 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group’s payout ratio 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.