Dynamic Technology Lab Private Ltd Buys New Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• Dynamic Technology Lab Private Ltd purchased a new stake of 13,690 shares in The PNC Financial Services Group, valued at approximately $2.4 million.
• PNC recently announced an increase in its quarterly dividend to $1.70 per share, reflecting a 3.3% yield and a payout ratio of 46.51%.
• Analysts maintain a consensus rating of "Moderate Buy" for PNC shares, with an average target price of $214.17.

Dynamic Technology Lab Private Ltd bought a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,690 shares of the financial services provider's stock, valued at approximately $2,406,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PNC. Saudi Central Bank acquired a new position in The PNC Financial Services Group during the first quarter valued at $27,000. Cornerstone Planning Group LLC lifted its position in 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 during the period. Opal Wealth Advisors LLC acquired a new position in The PNC Financial Services Group during the first quarter valued at $35,000. WPG Advisers LLC acquired a new position in The PNC Financial Services Group during the first quarter valued at $36,000. Finally, REAP Financial Group LLC lifted its position in The PNC Financial Services Group by 67.2% during 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 period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNC has been the subject of a number of research reports. Citigroup boosted their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Bank of America increased 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. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Oppenheimer raised shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target on the stock in a report on Wednesday, July 30th. Finally, Truist Financial lifted their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a research note on Wednesday, July 9th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average target price of $214.17.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $204.51 on Friday. The firm has a market cap of $80.54 billion, a PE ratio of 13.99, a PEG ratio of 1.51 and a beta of 1.11. The firm has a fifty day moving average of $195.96 and a 200 day moving average of $179.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. 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 announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given 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 yield of 3.3%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.51%.

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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