3,762 Shares in The PNC Financial Services Group, Inc $PNC Purchased by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC acquired 3,762 shares of The PNC Financial Services Group, Inc, valued at approximately $661,000, during the 1st quarter.
• The PNC Financial Services Group reported a Q2 EPS of $3.85, exceeding analysts' expectations, while their revenue increased by 4.6% year-over-year.
• The company recently increased its quarterly dividend from $1.60 to $1.70, resulting in an annualized yield of 3.5%.

Kaufman Rossin Wealth LLC acquired a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,762 shares of the financial services provider's stock, valued at approximately $661,000.

Several other hedge funds also recently made changes to their positions in PNC. Cornerstone Planning Group LLC grew its holdings in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. REAP Financial Group LLC lifted its holdings in shares of The PNC Financial Services Group by 67.2% during the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after acquiring an additional 80 shares during the period. True Wealth Design LLC increased its position in The PNC Financial Services Group by 41.5% during the 4th 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 in the last quarter. Opal Wealth Advisors LLC purchased a new position in The PNC Financial Services Group in the 1st quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $41,000. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 0.4%

NYSE PNC traded down $0.8850 during trading hours on Monday, reaching $200.8050. 1,200,785 shares of the company's stock were exchanged, compared to its average volume of 2,315,141. The company's 50-day moving average is $190.75 and its two-hundred day moving average is $179.23. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. 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 company has a market capitalization of $79.08 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09.

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 analysts' consensus estimates of $3.56 by $0.29. The business 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 PNC Financial Services Group's quarterly revenue 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. On average, analysts forecast 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given 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 dividend 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 presently 46.51%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PNC. Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Morgan Stanley raised their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Oppenheimer upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price objective on the stock in a report on Wednesday, July 30th. TD Cowen initiated coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 price objective on the stock. Finally, Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One investment 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 issued a Sell rating to the company. According to MarketBeat, The PNC Financial Services Group has an average rating of "Moderate Buy" and a consensus 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.