Fort Washington Investment Advisors Inc. OH Reduces Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stock position in The PNC Financial Services Group, decreasing its holdings by 33.7% during the second quarter, now owning 3,230 shares worth approximately $602,000.
• Several financial analysts have raised their price targets for PNC stock, with Goldman Sachs upgrading to $196.00 and Truist Financial settling at $210.00, showcasing a generally optimistic outlook.
• The PNC Financial Services Group increased its quarterly dividend from $1.60 to $1.70, reflecting a strong financial position, with a current annualized yield of 3.4%.

Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 33.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,230 shares of the financial services provider's stock after selling 1,640 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in The PNC Financial Services Group were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PNC. Guyasuta Investment Advisors Inc. increased its stake in shares of The PNC Financial Services Group by 1.7% during the second quarter. Guyasuta Investment Advisors Inc. now owns 248,008 shares of the financial services provider's stock valued at $46,234,000 after buying an additional 4,230 shares during the period. Avior Wealth Management LLC boosted its holdings in The PNC Financial Services Group by 4.5% in the second quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 52 shares in the last quarter. Signaturefd LLC increased its position in The PNC Financial Services Group by 6.9% during the 2nd quarter. Signaturefd LLC now owns 7,686 shares of the financial services provider's stock valued at $1,433,000 after purchasing an additional 497 shares during the period. Lloyd Advisory Services LLC. purchased a new position in The PNC Financial Services Group during the 2nd quarter valued at $217,000. Finally, Patton Fund Management Inc. bought a new position in The PNC Financial Services Group in the 2nd quarter worth $259,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Truist Financial upped their target price on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a report on Wednesday, September 24th. Raymond James Financial raised their target price on 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. Bank of America lifted their price target on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Morgan Stanley increased their price objective on The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an "underweight" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $216.28.

The PNC Financial Services Group Stock Down 0.8%

Shares of The PNC Financial Services Group stock opened at $201.79 on Tuesday. The company has a 50-day simple moving average of $198.48 and a two-hundred day simple moving average of $182.38. The stock has a market capitalization of $79.47 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. 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 (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating 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 the consensus estimate of $5.61 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The firm'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. On average, analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid 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 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 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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