Cwm LLC Purchases 49,995 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Cwm LLC increased its holdings in The PNC Financial Services Group by 211.2%, acquiring 49,995 shares during the 2nd quarter, valuing their stake at approximately $13.73 million.
• Multiple hedge funds have modified their stakes in The PNC Financial Services Group, leading to 83.53% institutional ownership of the company's stock.
• The PNC Financial Services Group declared a quarterly dividend of $1.70 per share, representing an annualized dividend yield of 3.6%, with the payment scheduled for November 5th.

Cwm LLC grew its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 211.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,671 shares of the financial services provider's stock after buying an additional 49,995 shares during the quarter. Cwm LLC's holdings in The PNC Financial Services Group were worth $13,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Saudi Central Bank bought a new position in shares of The PNC Financial Services Group during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its position in shares of The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after buying an additional 65 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of The PNC Financial Services Group in the 1st quarter worth approximately $35,000. WPG Advisers LLC bought a new stake in shares of The PNC Financial Services Group in the 1st quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of The PNC Financial Services Group in the 1st quarter worth approximately $41,000. Institutional investors own 83.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on PNC. Raymond James Financial lifted their price target on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an "underweight" rating in a report on Monday, September 29th. Wells Fargo & Company lifted their price target on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Bank of America lifted their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Finally, 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 stock a "neutral" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The PNC Financial Services Group has an average rating of "Moderate Buy" and a consensus target price of $218.21.

The PNC Financial Services Group Stock Up 1.7%

The PNC Financial Services Group stock opened at $187.13 on Tuesday. The firm has a 50 day simple moving average of $198.60 and a 200 day simple moving average of $183.73. The firm has a market capitalization of $73.69 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 1.28 and a beta of 1.10. 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 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 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 firm had revenue of $3.01 billion during 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 business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous 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. On average, analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's payout ratio is 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.

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