Capital Investment Advisors LLC Grows Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Capital Investment Advisors LLC increased its stake in The PNC Financial Services Group by 76.6%, owning a total of 2,916 shares valued at approximately $544,000.
• The PNC Financial Services Group recently reported quarterly earnings of $3.85 per share, exceeding expectations, and announced a quarterly dividend of $1.70 per share with a yield of 3.4%.
• Analysts have mixed outlooks on PNC, with a consensus target price of $216.56 and various ratings ranging from "Strong Buy" to "Sell."

Capital Investment Advisors LLC boosted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 76.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,916 shares of the financial services provider's stock after buying an additional 1,265 shares during the period. Capital Investment Advisors LLC's holdings in The PNC Financial Services Group were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PNC. Massachusetts Financial Services Co. MA increased its stake in shares of The PNC Financial Services Group by 26.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock valued at $1,670,249,000 after buying an additional 1,964,157 shares during the period. Nuveen LLC acquired a new stake in The PNC Financial Services Group in the first quarter worth about $306,905,000. Amundi boosted its holdings in The PNC Financial Services Group by 76.1% in the first quarter. Amundi now owns 2,186,073 shares of the financial services provider's stock worth $352,592,000 after acquiring an additional 944,731 shares in the last quarter. AQR Capital Management LLC boosted its holdings in The PNC Financial Services Group by 187.3% in the first quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider's stock worth $245,055,000 after acquiring an additional 926,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in The PNC Financial Services Group by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,818,090 shares of the financial services provider's stock worth $495,336,000 after acquiring an additional 830,440 shares in the last quarter. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Down 0.1%

The PNC Financial Services Group stock opened at $198.17 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 52 week low of $145.12 and a 52 week high of $216.26. The company has a market capitalization of $78.04 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The stock has a 50-day moving average price of $198.61 and a 200 day moving average price of $182.79.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations 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 PNC Financial Services Group's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last 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. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.4%. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler raised their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. The Goldman Sachs Group raised their price target 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. Evercore ISI raised their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an "outperform" rating in a report on Tuesday. Stephens reissued an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Finally, Morgan Stanley lifted their target price on The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an "underweight" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.