Drucker Wealth 3.0 LLC Takes $694,000 Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Drucker Wealth 3.0 LLC has acquired 3,540 shares of The PNC Financial Services Group, valued at approximately $694,000.
• The PNC Financial Services Group reported an earnings per share (EPS) of $3.85 for the last quarter, exceeding estimates by $0.29.
• Shareholders will receive a quarterly dividend of $1.70 per share on November 5th, representing an annualized yield of 3.7%.

Drucker Wealth 3.0 LLC purchased a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,540 shares of the financial services provider's stock, valued at approximately $694,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Saudi Central Bank acquired a new position in shares of The PNC Financial Services Group during the first quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in shares of The PNC Financial Services Group by 50.8% during 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 in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $35,000. WPG Advisers LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $41,000. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock opened at $183.72 on Friday. 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's 50-day moving average price is $198.64 and its two-hundred day moving average price is $183.56. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The stock has a market cap of $72.35 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10.

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, topping the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $5.61 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The PNC Financial Services Group's revenue for the quarter was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS 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. Shareholders of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's payout ratio is presently 46.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Oppenheimer cut 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 research note on Tuesday, September 23rd. Wells Fargo & Company lifted their price objective on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an "underweight" rating in a research note on Monday, September 29th. Finally, Raymond James Financial lifted their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $218.21.

About The PNC Financial Services Group

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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