Apollon Wealth Management LLC Has $4.70 Million Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Apollon Wealth Management LLC reduced its stake in The PNC Financial Services Group by 7.1% during the second quarter, now holding a position worth $4.70 million.
• Multiple hedge funds have recently adjusted their holdings in PNC, with United Community Bank significantly increasing its position by 687%.
• Research analysts have mixed views on PNC, with bank ratings including a "buy" rating from Bank of America and a price target increase to $226.00.

Apollon Wealth Management LLC decreased its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 7.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,220 shares of the financial services provider's stock after selling 1,941 shares during the quarter. Apollon Wealth Management LLC's holdings in The PNC Financial Services Group were worth $4,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PNC. Ignite Planners LLC boosted its position in The PNC Financial Services Group by 8.4% during the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock worth $262,000 after acquiring an additional 126 shares during the period. Exane Asset Management boosted its position in The PNC Financial Services Group by 32.9% during the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock worth $28,434,000 after acquiring an additional 37,110 shares during the period. Smith Salley Wealth Management boosted its position in The PNC Financial Services Group by 15.6% during the 1st quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock worth $12,804,000 after acquiring an additional 9,836 shares during the period. United Community Bank boosted its position in The PNC Financial Services Group by 687.0% during the 1st quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock worth $2,166,000 after acquiring an additional 10,759 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its position in The PNC Financial Services Group by 4.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock worth $493,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a research report on Wednesday, September 24th. Stephens reiterated 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. The Goldman Sachs Group increased their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Bank of America increased their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, Piper Sandler upgraded The PNC Financial Services Group from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $211.00 to $220.00 in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $218.21.

The PNC Financial Services Group Stock Down 3.6%

PNC opened at $183.72 on Friday. The business has a 50 day moving average price of $198.64 and a 200 day moving average price of $183.56. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month 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 firm has a market cap of $72.35 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted 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 firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period in the previous year, the company earned $3.39 EPS. The company's revenue for the quarter 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. Research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. The PNC Financial Services Group's payout ratio is 46.51%.

The PNC Financial Services Group Company 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.

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