Fifth Third Wealth Advisors LLC Lowers Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Fifth Third Wealth Advisors LLC has reduced its stake in The PNC Financial Services Group by 8.0%, now owning 28,007 shares valued at approximately $5.2 million.
• Analysts have shown a generally favorable outlook for PNC, with ratings ranging from Strong Buy to Sell, and a target price average of $218.21.
• The PNC Financial Services Group will pay a quarterly dividend of $1.70 per share, which translates to an annualized yield of 3.7%.

Fifth Third Wealth Advisors LLC reduced its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,007 shares of the financial services provider's stock after selling 2,441 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in The PNC Financial Services Group were worth $5,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of PNC. Brighton Jones LLC raised its position in shares of The PNC Financial Services Group by 32.2% during the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after buying an additional 984 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of The PNC Financial Services Group by 7.6% during the 1st quarter. Farther Finance Advisors LLC now owns 6,467 shares of the financial services provider's stock valued at $1,129,000 after buying an additional 457 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in The PNC Financial Services Group by 3.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 5,239 shares of the financial services provider's stock valued at $921,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC raised its position in The PNC Financial Services Group by 10.3% during the first quarter. GAMMA Investing LLC now owns 6,537 shares of the financial services provider's stock valued at $1,149,000 after purchasing an additional 608 shares in the last quarter. Finally, CX Institutional raised its position in The PNC Financial Services Group by 5.1% during the first quarter. CX Institutional now owns 2,616 shares of the financial services provider's stock valued at $460,000 after purchasing an additional 126 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer decreased their price target 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. Citigroup lifted their price target on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. UBS Group lifted their price target on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, The Goldman Sachs Group lifted their target price on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $218.21.

The PNC Financial Services Group Stock Down 3.6%

Shares of NYSE PNC opened at $183.72 on Friday. The company has a quick ratio of 0.80, a current 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 firm's fifty day moving average is $198.64 and its 200 day moving average is $183.52. The company has a market cap of $72.35 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.40 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its 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 company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm earned $3.39 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, October 14th. 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.

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