Martingale Asset Management L P Makes New $895,000 Investment in The PNC Financial Services Group, Inc $PNC

Key Points

• Martingale Asset Management L P has acquired 5,091 shares of The PNC Financial Services Group, valued at approximately $895,000, reflecting increasing interest from institutional investors.
• The PNC Financial Services Group reported a quarterly earnings per share of $3.85, exceeding analysts' expectations of $3.56, with a year-over-year revenue growth of 4.6%.
• The company announced a quarterly dividend increase from $1.60 to $1.70 per share, representing an annualized payout of $6.80 and a yield of 3.4%.

Martingale Asset Management L P purchased a new position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,091 shares of the financial services provider's stock, valued at approximately $895,000.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after acquiring an additional 65 shares during the last quarter. REAP Financial Group LLC increased its position 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 valued at $38,000 after purchasing an additional 80 shares during the last quarter. True Wealth Design LLC increased its position in shares of 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 valued at $39,000 after purchasing an additional 59 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at approximately $41,000. Institutional investors own 83.53% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Morgan Stanley boosted their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer upgraded The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price objective for the company in a report on Wednesday, July 30th. Finally, TD Cowen started coverage on The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Stock Up 1.4%

Shares of PNC stock traded up $2.86 during mid-day trading on Wednesday, hitting $206.32. The stock had a trading volume of 1,762,604 shares, compared to its average volume of 1,551,390. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The firm has a market capitalization of $81.25 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.09. The firm's 50-day moving average is $192.49 and its two-hundred day moving average is $179.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its 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 PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. During the same period in the prior year, the business earned $3.39 EPS. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share 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. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. 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 (DPR) is currently 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.