GAMMA Investing LLC Buys 1,822 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• GAMMA Investing LLC increased its stake in The PNC Financial Services Group by 27.9%, acquiring an additional 1,822 shares in the second quarter, bringing their total to 8,359 shares valued at approximately $1.56 million.
• Institutional investors own 83.53% of The PNC Financial Services Group's stock, with significant recent activity from funds like Vanguard and Goldman Sachs, which raised their holdings by 0.7% and 41.8%, respectively.
• The PNC Financial Services Group recently raised its quarterly dividend to $1.70 per share, reflecting a commitment to return value to shareholders, and resulting in an annual yield of 3.3%.

GAMMA Investing LLC raised its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 27.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,359 shares of the financial services provider's stock after acquiring an additional 1,822 shares during the period. GAMMA Investing LLC's holdings in The PNC Financial Services Group were worth $1,558,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PNC. Vanguard Group Inc. raised its holdings in The PNC Financial Services Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 37,965,619 shares of the financial services provider's stock worth $6,673,217,000 after buying an additional 248,252 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in The PNC Financial Services Group by 26.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock valued at $1,670,249,000 after acquiring an additional 1,964,157 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The PNC Financial Services Group by 0.5% in the 1st quarter. Ameriprise Financial Inc. now owns 4,807,684 shares of the financial services provider's stock worth $844,967,000 after purchasing an additional 24,588 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of The PNC Financial Services Group by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 4,056,797 shares of the financial services provider's stock worth $713,063,000 after purchasing an additional 186,249 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of The PNC Financial Services Group by 41.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,818,090 shares of the financial services provider's stock valued at $495,336,000 after purchasing an additional 830,440 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stephens reissued an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Raymond James Financial raised their target price on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday. Oppenheimer upgraded The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target on the stock in a research note on Wednesday, July 30th. Finally, 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 company from $185.00 to $212.00 in a report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $213.94.

The PNC Financial Services Group Stock Down 1.0%

NYSE PNC opened at $203.48 on Tuesday. The stock has a 50 day moving average price of $197.66 and a 200-day moving average price of $181.27. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year 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 company has a market capitalization of $80.13 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.52 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS 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 business 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 earned $3.39 earnings per share. 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. As a group, equities analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. 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 3.3%. The PNC Financial Services Group's payout ratio 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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