Wealth Preservation Advisors LLC Buys Shares of 3,620 The PNC Financial Services Group, Inc $PNC

Key Points

• Wealth Preservation Advisors LLC acquired 3,620 shares of The PNC Financial Services Group, worth approximately $636,000, which represents 0.5% of its portfolio and marks the stock as its 28th largest position.
• The PNC Financial Services Group recently declared an increased quarterly dividend of $1.70, up from $1.60, highlighting a 3.3% dividend yield and a payout ratio of 46.51%.
• The company's stock price increased by 1.4%, closing at $203.57, with earnings reporting exceeding analysts' expectations at $3.85 EPS against a consensus of $3.56.

Wealth Preservation Advisors LLC bought a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,620 shares of the financial services provider's stock, valued at approximately $636,000. The PNC Financial Services Group comprises approximately 0.5% of Wealth Preservation Advisors LLC's investment portfolio, making the stock its 28th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC increased its position in shares of The PNC Financial Services Group by 50.8% during the 1st 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 during the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group during the first quarter worth approximately $35,000. REAP Financial Group LLC lifted its stake in The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC lifted its stake in The PNC Financial Services Group by 41.5% during the fourth quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after purchasing an additional 59 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in The PNC Financial Services Group during the first quarter worth approximately $41,000. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

PNC stock traded up $2.09 on Friday, reaching $207.71. 2,045,627 shares of the company's stock were exchanged, compared to its average volume of 1,574,998. The stock has a fifty day moving average of $193.71 and a 200-day moving average of $179.59. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The firm has a market cap of $81.80 billion, a PE ratio of 14.21, a P/E/G ratio of 1.53 and a beta of 1.09. 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 (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping 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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The PNC Financial Services Group's quarterly revenue 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, equities analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.3%. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

PNC has been the topic of several research analyst reports. Morgan Stanley lifted their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Oppenheimer raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target on the stock in a research report on Wednesday, July 30th. 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. Raymond James Financial upgraded The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research note on Tuesday, July 8th. 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 analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.17.

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.