Callan Family Office LLC Has $1.51 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Callan Family Office LLC has significantly increased its holdings in The PNC Financial Services Group by 119.2%, now owning 8,113 shares valued at approximately $1.51 million.
• The PNC Financial Services Group reported a quarterly EPS of $3.85, surpassing analyst expectations and showing a revenue increase of 4.6% compared to the previous year.
• The company announced a quarterly dividend of $1.70 per share scheduled for distribution on November 5, with a current dividend yield of 3.7%.

Callan Family Office LLC increased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 119.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,113 shares of the financial services provider's stock after purchasing an additional 4,411 shares during the period. Callan Family Office LLC's holdings in The PNC Financial Services Group were worth $1,512,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ignite Planners LLC boosted its holdings in shares of The PNC Financial Services Group by 8.4% during the first 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 holdings in shares of The PNC Financial Services Group by 32.9% during the first 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 holdings in shares of The PNC Financial Services Group by 15.6% during the first 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 holdings in shares of The PNC Financial Services Group by 687.0% during the first 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 holdings in shares of The PNC Financial Services Group by 4.5% during the first 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 own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $183.72 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The stock has a market cap of $72.35 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 1.36 and a beta of 1.10. The company's fifty day moving average is $198.64 and its 200 day moving average is $183.56.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion for the quarter, compared to analysts' expectations 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 business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

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 issued a dividend of $1.70 per share. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their price target 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. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Evercore ISI lifted their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price target 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. Finally, Piper Sandler upgraded shares of The PNC Financial Services Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $211.00 to $220.00 in a research report on Thursday. One investment 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 stock. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $218.21.

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.

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