1,517 Shares in The PNC Financial Services Group, Inc $PNC Acquired by LifeGuide Financial Advisors LLC

Key Points

• LifeGuide Financial Advisors LLC acquired 1,517 shares of The PNC Financial Services Group for approximately $283,000, increasing institutional ownership in the firm to 83.53%.
• Recent analyst ratings indicate a majority view of "Buy" and "Hold" ratings, with a consensus target price of $216.28 for PNC shares.
• The PNC Financial Services Group recently declared a quarterly dividend of $1.70 per share, marking an increase from the previous dividend of $1.60, with a current yield of 3.4%.

LifeGuide Financial Advisors LLC acquired a new position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,517 shares of the financial services provider's stock, valued at approximately $283,000.

Other large investors also recently bought and sold shares of the company. Saudi Central Bank bought a new position in The PNC Financial Services Group in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of The PNC Financial Services Group by 50.8% during the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after purchasing an additional 65 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the first quarter worth $35,000. WPG Advisers LLC acquired a new position in shares of The PNC Financial Services Group during the first quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of The PNC Financial Services Group during the first quarter worth $41,000. Institutional investors own 83.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PNC shares. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Bank of America upped their price target on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Citigroup upped their price target on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. Finally, Piper Sandler upped their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.28.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $201.79 on Tuesday. The business's 50-day moving average is $198.48 and its two-hundred day moving average is $182.38. The company has a market capitalization of $79.47 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.50 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 PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a yield of 3.4%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is 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.

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