Gamco Investors INC. ET AL Purchases 5,115 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Gamco Investors INC. ET AL increased its stake in The PNC Financial Services Group by 3.2%, acquiring an additional 5,115 shares, bringing its total holdings to 165,050 shares valued at approximately $29 million.
• In the first quarter, several other hedge funds also increased their stakes in The PNC Financial Services Group, contributing to a significant 83.53% of the stock being owned by institutional investors.
• The PNC Financial Services Group recently raised its quarterly dividend from $1.60 to $1.70, indicating a yield of 3.4%, and reported earnings per share of $3.85, surpassing analyst expectations.

Gamco Investors INC. ET AL raised its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 165,050 shares of the financial services provider's stock after purchasing an additional 5,115 shares during the quarter. Gamco Investors INC. ET AL's holdings in The PNC Financial Services Group were worth $29,011,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PKS Advisory Services LLC grew its stake in The PNC Financial Services Group by 3.2% in the first quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 60 shares during the period. Harvest Portfolios Group Inc. lifted its holdings in The PNC Financial Services Group by 16.6% during the first quarter. Harvest Portfolios Group Inc. now owns 35,657 shares of the financial services provider's stock worth $6,267,000 after acquiring an additional 5,064 shares during the period. Potomac Fund Management Inc. ADV raised its stake in shares of The PNC Financial Services Group by 11.8% in the first quarter. Potomac Fund Management Inc. ADV now owns 7,042 shares of the financial services provider's stock valued at $1,238,000 after buying an additional 746 shares during the period. South Plains Financial Inc. raised its stake in shares of The PNC Financial Services Group by 73.6% in the first quarter. South Plains Financial Inc. now owns 2,750 shares of the financial services provider's stock valued at $483,000 after buying an additional 1,166 shares during the period. Finally, Comerica Bank raised its stake in shares of The PNC Financial Services Group by 2.7% in the first quarter. Comerica Bank now owns 118,563 shares of the financial services provider's stock valued at $20,840,000 after buying an additional 3,124 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PNC has been the topic of a number of analyst reports. Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Bank of America upped 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. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and increased their target price for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Finally, The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $214.17.

The PNC Financial Services Group Price Performance

NYSE:PNC opened at $200.8050 on Tuesday. The stock has a market cap of $79.08 billion, a PE ratio of 13.73, a P/E/G ratio of 1.49 and a beta of 1.09. The business's 50-day simple moving average is $191.26 and its two-hundred day simple moving average is $179.23. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued 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 firm had revenue of $3.01 billion during 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 business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors 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 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is 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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