Voya Investment Management LLC Trims Stock Holdings in The PNC Financial Services Group, Inc $PNC

Voya Investment Management LLC reduced its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 17.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 902,428 shares of the financial services provider’s stock after selling 188,941 shares during the quarter. Voya Investment Management LLC’s holdings in The PNC Financial Services Group were worth $158,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PNC. Massachusetts Financial Services Co. MA increased its stake in 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 during the last quarter. Nuveen LLC acquired a new position in The PNC Financial Services Group in the first quarter valued at $306,905,000. GAMMA Investing LLC increased its stake in The PNC Financial Services Group by 19,279.5% in the first quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider’s stock valued at $201,961,000 after purchasing an additional 1,143,079 shares during the last quarter. Amundi increased its stake in The PNC Financial Services Group by 76.1% in the first quarter. Amundi now owns 2,186,073 shares of the financial services provider’s stock valued at $352,592,000 after purchasing an additional 944,731 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in The PNC Financial Services Group by 187.3% in the first quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider’s stock valued at $245,055,000 after purchasing an additional 926,709 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on PNC. TD Cowen began coverage on The PNC Financial Services Group in a research note on Thursday, May 15th. They issued a “buy” rating and a $233.00 target price for the company. Morgan Stanley upped their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a research note on Thursday, July 17th. Truist Financial upped their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.67.

The PNC Financial Services Group Price Performance

PNC stock opened at $202.81 on Friday. 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, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The firm has a market cap of $79.87 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. The stock has a 50-day simple moving average of $196.74 and a 200-day simple moving average of $180.41.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results 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 return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The company’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 predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a $1.70 dividend. This is an increase 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 yield of 3.4%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) 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.