B. Metzler seel. Sohn & Co. AG Buys 13,695 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in The PNC Financial Services Group by 37%, owning a total of 50,683 shares valued at approximately $8.9 million.
• The PNC Financial Services Group reported $3.85 EPS for the last quarter, exceeding expectations, with revenue slightly up 4.6% year-over-year.
• The company increased its quarterly dividend to $1.70, representing a 3.3% yield, and a positive change from the previous quarter's $1.60 dividend.

B. Metzler seel. Sohn & Co. AG increased its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 37.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 50,683 shares of the financial services provider's stock after acquiring an additional 13,695 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in The PNC Financial Services Group were worth $8,908,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in The PNC Financial Services Group by 32.2% during the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after buying an additional 984 shares in the last quarter. Beacon Pointe Advisors LLC grew its holdings in The PNC Financial Services Group by 2.3% during the 4th quarter. Beacon Pointe Advisors LLC now owns 17,479 shares of the financial services provider's stock valued at $3,371,000 after buying an additional 398 shares in the last quarter. Lido Advisors LLC grew its holdings in The PNC Financial Services Group by 6.1% during the 4th quarter. Lido Advisors LLC now owns 11,145 shares of the financial services provider's stock valued at $2,149,000 after buying an additional 642 shares in the last quarter. AQR Capital Management LLC grew its holdings in The PNC Financial Services Group by 184.0% during the 4th quarter. AQR Capital Management LLC now owns 494,725 shares of the financial services provider's stock valued at $95,408,000 after buying an additional 320,510 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in The PNC Financial Services Group during the 4th quarter valued at about $69,009,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 1.0%

PNC stock traded up $2.09 on Friday, reaching $207.71. The company's stock had a trading volume of 2,045,627 shares, compared to its average volume of 1,574,998. The business has a fifty day simple moving average of $193.71 and a two-hundred day simple moving average of $179.59. 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 cap of $81.80 billion, a PE ratio of 14.21, a PEG ratio of 1.53 and a beta of 1.09. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during 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 company earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast 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. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The PNC Financial Services Group's dividend payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PNC shares. 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. Oppenheimer raised 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. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price objective for the company in a report on Tuesday, July 8th. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Finally, Morgan Stanley upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $214.17.

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.