Bahl & Gaynor Inc. Has $279.79 Million Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Bahl & Gaynor Inc. reduced its stake in The PNC Financial Services Group by 12.2%, now holding approximately 1.4% of its portfolio valued at $279.79 million.
• The PNC Financial Services Group recently increased its quarterly dividend to $1.70 per share, resulting in an annualized yield of 3.4%.
• Wall Street analysts maintain a positive outlook on PNC, with an average target price of $214.17 and a consensus rating of "Moderate Buy."

Bahl & Gaynor Inc. cut its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 12.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,591,813 shares of the financial services provider's stock after selling 221,177 shares during the period. The PNC Financial Services Group accounts for approximately 1.4% of Bahl & Gaynor Inc.'s portfolio, making the stock its 24th biggest holding. Bahl & Gaynor Inc. owned 0.40% of The PNC Financial Services Group worth $279,793,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of The PNC Financial Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 37,965,619 shares of the financial services provider's stock worth $6,673,217,000 after purchasing an additional 248,252 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of The PNC Financial Services Group by 26.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock worth $1,670,249,000 after purchasing an additional 1,964,157 shares during the period. Ameriprise Financial Inc. increased its stake in shares of The PNC Financial Services Group by 0.5% in the first quarter. Ameriprise Financial Inc. now owns 4,807,684 shares of the financial services provider's stock worth $844,967,000 after purchasing an additional 24,588 shares during the period. Northern Trust Corp increased its stake in shares of The PNC Financial Services Group by 14.9% in the fourth quarter. Northern Trust Corp now owns 4,695,514 shares of the financial services provider's stock worth $905,530,000 after purchasing an additional 608,375 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of The PNC Financial Services Group by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 4,056,797 shares of the financial services provider's stock worth $713,063,000 after purchasing an additional 186,249 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PNC. Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. TD Cowen began coverage on The PNC Financial Services Group in a research note on Thursday, May 15th. They set a "buy" rating and a $233.00 price target on the stock. Morgan Stanley boosted their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. 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 research note on Tuesday, July 8th. Finally, The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. One equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Price Performance

NYSE PNC traded up $2.86 during trading on Wednesday, reaching $206.32. 1,762,506 shares of the company traded hands, compared to its average volume of 2,308,486. 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 stock's 50 day moving average price is $191.87 and its two-hundred day moving average price is $179.40. The company has a market cap of $81.25 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.49 and a beta of 1.09. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 4.6% on a year-over-year basis. During the same period 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. As a group, analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend 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 presently 46.51%.

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.