Curi RMB Capital LLC Grows Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• Curi RMB Capital LLC has increased its holdings in The PNC Financial Services Group by 22.6%, acquiring an additional 1,356 shares, bringing its total to 7,355 shares valued at approximately $1.29 million.
• The PNC Financial Services Group recently raised its quarterly dividend to $1.70 per share, up from $1.60, representing an annualized dividend of $6.80 with a yield of 3.3%.
• Analysts have a generally positive outlook on the stock, with a consensus target price of $214.17, indicating significant potential for price appreciation.

Curi RMB Capital LLC increased its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 22.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,355 shares of the financial services provider's stock after buying an additional 1,356 shares during the quarter. Curi RMB Capital LLC's holdings in The PNC Financial Services Group were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of PNC. Saudi Central Bank bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its position in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $35,000. WPG Advisers LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $36,000. Finally, REAP Financial Group LLC lifted its position in The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their target price for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Truist Financial upped their target price on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. The Goldman Sachs Group upped their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Stock Down 0.3%

PNC traded down $0.69 during trading on Monday, reaching $203.71. The stock had a trading volume of 1,772,793 shares, compared to its average volume of 1,506,757. The stock's 50 day moving average is $196.30 and its two-hundred day moving average is $180.01. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $80.22 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.51 and a beta of 1.11. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26.

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, analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid a $1.70 dividend. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is currently 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.