AG2R LA Mondiale Gestion D Actifs Acquires New Shares in The PNC Financial Services Group, Inc $PNC

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in The PNC Financial Services Group during Q1, purchasing 14,841 shares valued at approximately $2.58 million.
• Recent analysts' reports have raised PNC's target stock price, with Piper Sandler increasing it to $211.00 and Truist Financial raising it to $198.00, reflecting a generally optimistic sentiment.
• The company has increased its quarterly dividend to $1.70, up from the previous $1.60, indicating a commitment to returning value to shareholders.

AG2R LA Mondiale Gestion D Actifs bought a new stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 14,841 shares of the financial services provider's stock, valued at approximately $2,580,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kestra Investment Management LLC lifted its stake in shares of The PNC Financial Services Group by 11.4% in the 1st quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 58 shares during the last quarter. PKS Advisory Services LLC lifted its stake in shares of The PNC Financial Services Group by 3.2% in the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 60 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of 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 valued at $34,000 after acquiring an additional 65 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in shares of The PNC Financial Services Group by 0.5% in the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider's stock valued at $2,220,000 after acquiring an additional 66 shares during the last quarter. Finally, Calton & Associates Inc. lifted its stake in shares of The PNC Financial Services Group by 1.8% in the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider's stock valued at $644,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 0.4%

Shares of PNC stock traded up $0.72 during midday trading on Monday, reaching $202.70. 1,464,299 shares of the stock were exchanged, compared to its average volume of 1,509,861. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company's 50 day moving average is $197.01 and its two-hundred day moving average is $180.50. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The firm has a market cap of $79.82 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS 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. Investors of record on Tuesday, July 15th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, July 15th. This is an increase 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%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PNC. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Stephens restated an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Truist Financial boosted their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. 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 on the stock in a report on Tuesday, July 8th. Finally, Piper Sandler boosted their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average target price of $213.67.

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.