The PNC Financial Services Group, Inc $PNC Shares Bought by Envestnet Asset Management Inc.
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Envestnet Asset Management Inc. increased its stake in The PNC Financial Services Group (NYSE:PNC) by 4.5% in the second quarter, bringing its total holdings to 2.10 million shares valued at $517.9 million. This comes as PNC reported strong quarterly earnings, beating analyst estimates, and raised its quarterly dividend to $2.00 per share. Analysts maintain a "Moderate Buy" consensus rating for PNC with an average price target of $267.87.
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