Wealth Enhancement Advisory Services LLC boosted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 17.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,284 shares of the financial services provider’s stock after buying an additional 47,880 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of The PNC Financial Services Group worth $64,138,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its holdings in shares of The PNC Financial Services Group by 26.1% during the 1st 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 shares of The PNC Financial Services Group during the first quarter worth $306,905,000. GAMMA Investing LLC increased its holdings in shares of The PNC Financial Services Group by 19,279.5% during the first quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider’s stock worth $201,961,000 after buying an additional 1,143,079 shares in the last quarter. Amundi increased its holdings in shares of The PNC Financial Services Group by 76.1% during the first quarter. Amundi now owns 2,186,073 shares of the financial services provider’s stock worth $352,592,000 after buying an additional 944,731 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of The PNC Financial Services Group by 187.3% during the first quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider’s stock worth $245,055,000 after buying an additional 926,709 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.
The PNC Financial Services Group Trading Down 1.0%
The PNC Financial Services Group stock traded down $2.04 during mid-day trading on Monday, hitting $203.48. 1,216,678 shares of the stock were exchanged, compared to its average volume of 1,503,142. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a 12 month low of $145.12 and a 12 month high of $216.26. The firm’s fifty day simple moving average is $197.66 and its two-hundred day simple moving average is $181.27. The stock has a market capitalization of $80.13 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.52 and a beta of 1.11.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The PNC Financial Services Group’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio is currently 46.51%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. 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. The Goldman Sachs Group lifted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Morgan Stanley lifted their price target 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. Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Finally, Stephens reiterated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.94.
Get Our Latest Stock Analysis on The PNC Financial Services Group
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.
Further Reading
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