EntryPoint Capital LLC Acquires 1,302 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• EntryPoint Capital LLC increased its stake in The PNC Financial Services Group by 107.7%, acquiring an additional 1,302 shares in Q1, bringing its total holdings to 2,511 shares valued at $441,000.
• The PNC Financial Services Group recently announced a quarterly dividend increase from $1.60 to $1.70 per share, resulting in an annualized dividend of $6.80 and a yield of 3.5%.
• Wall Street analysts have shown a positive outlook on PNC, with several firms upgrading their ratings, and the stock currently holds a consensus rating of "Moderate Buy" with an average price target of $214.17.

EntryPoint Capital LLC boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 107.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,511 shares of the financial services provider's stock after buying an additional 1,302 shares during the period. EntryPoint Capital LLC's holdings in The PNC Financial Services Group were worth $441,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its position 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 worth $34,000 after acquiring 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 worth about $35,000. REAP Financial Group LLC increased its position in shares of 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 worth $38,000 after acquiring an additional 80 shares in the last quarter. True Wealth Design LLC increased its position in shares of The PNC Financial Services Group by 41.5% during the fourth quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after acquiring an additional 59 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter worth about $41,000. 83.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PNC shares. Truist Financial boosted their target price on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Morgan Stanley boosted their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Raymond James Financial upgraded The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research note on Tuesday, July 8th. TD Cowen started coverage on The PNC Financial Services Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $233.00 target price on the stock. Finally, Citigroup boosted their target price on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Stock Performance

Shares of PNC stock traded down $0.5520 during trading hours on Monday, hitting $201.1380. 730,282 shares of the company were exchanged, compared to its average volume of 2,311,847. The firm has a fifty day simple moving average of $190.75 and a 200 day simple moving average of $179.23. 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 52-week low of $145.12 and a 52-week high of $216.26. The stock has a market capitalization of $79.21 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.49 and a beta of 1.09.

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 earnings per share (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 company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the business posted $3.39 EPS. The PNC Financial Services Group's quarterly revenue 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. Research analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a $1.70 dividend. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a yield of 3.4%. The PNC Financial Services Group's payout ratio is 46.51%.

The PNC Financial Services Group Company 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.