Board of the Pension Protection Fund Makes New $336,000 Investment in The PNC Financial Services Group, Inc $PNC

Key Points

• The Pension Protection Fund has made a new investment in The PNC Financial Services Group, Inc, purchasing 1,800 shares valued at approximately $336,000.
• PNC's recent quarter earnings surpassed expectations, reporting $3.85 EPS against a consensus estimate of $3.56, while total revenue for the quarter was $3.01 billion.
• The company has announced a quarterly dividend of $1.70 per share, with an ex-dividend date set for October 14th, yielding an annualized dividend of $6.80.

Board of the Pension Protection Fund purchased a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,800 shares of the financial services provider's stock, valued at approximately $336,000.

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

The PNC Financial Services Group Stock Down 3.6%

Shares of PNC opened at $183.72 on Friday. The stock has a market capitalization of $72.35 billion, a PE ratio of 12.57, a P/E/G ratio of 1.36 and a beta of 1.10. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year 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 company's 50-day simple moving average is $198.64 and its 200-day simple moving average is $183.56.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results 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 company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analyst Weigh In

PNC has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an "underweight" rating in a research report on Monday, September 29th. The Goldman Sachs Group upped their target price on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Oppenheimer decreased their price objective on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating on the stock in a report on Tuesday, September 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of The PNC Financial Services Group in a report on Wednesday. Finally, UBS Group upped their price target on The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a "buy" rating in a research note on Tuesday, October 7th. One research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $218.21.

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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