Fourpath Capital Management LLC Raises Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• Fourpath Capital Management LLC significantly increased its stake in The PNC Financial Services Group by 32.6% during the 2nd quarter, holding a total of 5,704 shares valued at $1,063,000.
• The PNC Financial Services Group is set to pay a quarterly dividend of $1.70 per share on November 5th, with a current dividend yield of 3.6%.
• Analyst ratings for PNC stock are predominantly positive, with a consensus target price of $218.21, reflecting optimism in the company's performance despite recent fluctuations.

Fourpath Capital Management LLC grew its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 32.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,704 shares of the financial services provider's stock after purchasing an additional 1,402 shares during the period. Fourpath Capital Management LLC's holdings in The PNC Financial Services Group were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI boosted its position in shares of The PNC Financial Services Group by 24.1% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 10,545 shares of the financial services provider's stock worth $1,966,000 after purchasing an additional 2,045 shares in the last quarter. McKinley Carter Wealth Services Inc. purchased a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth $1,621,000. Argyle Capital Management LLC boosted its position in shares of The PNC Financial Services Group by 1.2% in the 2nd quarter. Argyle Capital Management LLC now owns 33,551 shares of the financial services provider's stock worth $6,255,000 after buying an additional 400 shares in the last quarter. IFP Advisors Inc boosted its position in shares of The PNC Financial Services Group by 8.5% in the 2nd quarter. IFP Advisors Inc now owns 5,328 shares of the financial services provider's stock worth $1,014,000 after buying an additional 416 shares in the last quarter. Finally, Callan Family Office LLC boosted its position in shares of The PNC Financial Services Group by 119.2% in the 2nd quarter. Callan Family Office LLC now owns 8,113 shares of the financial services provider's stock worth $1,512,000 after buying an additional 4,411 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Up 0.3%

Shares of PNC stock opened at $190.64 on Friday. The firm has a 50-day moving average price of $198.68 and a 200 day moving average price of $183.47. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a market capitalization of $75.08 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 1.40 and a beta of 1.10. 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 (NYSE:PNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the company posted $3.39 EPS. The company'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 forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share 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. Stockholders of record on Tuesday, October 14th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.6%. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

PNC has been the topic of several recent research reports. Truist Financial boosted their price objective on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a research report on Wednesday, September 24th. Oppenheimer decreased 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 report on Tuesday, September 23rd. Citigroup boosted their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. The Goldman Sachs Group boosted their price objective 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. Finally, Wells Fargo & Company boosted their price objective on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and a consensus target price 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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