GC Wealth Management RIA LLC Has $1.15 Million Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• GC Wealth Management RIA LLC increased its stake in The PNC Financial Services Group by 105.8%, bringing its holdings to approximately $1.15 million during the second quarter.
• The company recently announced a quarterly dividend of $1.70, up from the previous dividend of $1.60, reflecting a 3.4% yield.
• Analysts have raised their target prices for PNC shares, with Bank of America increasing its target from $223.00 to $226.00, maintaining a "buy" rating.

GC Wealth Management RIA LLC raised its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 105.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,148 shares of the financial services provider's stock after acquiring an additional 3,161 shares during the quarter. GC Wealth Management RIA LLC's holdings in The PNC Financial Services Group were worth $1,146,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Washington Capital Management Inc. increased its position in The PNC Financial Services Group by 7.4% during the second quarter. Washington Capital Management Inc. now owns 8,670 shares of the financial services provider's stock worth $1,616,000 after buying an additional 600 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of The PNC Financial Services Group by 4.2% during the 2nd quarter. V Square Quantitative Management LLC now owns 8,984 shares of the financial services provider's stock worth $1,675,000 after acquiring an additional 364 shares during the last quarter. Sound Income Strategies LLC raised its stake in The PNC Financial Services Group by 26.8% in the 2nd quarter. Sound Income Strategies LLC now owns 871 shares of the financial services provider's stock valued at $162,000 after acquiring an additional 184 shares during the period. Investment Advisory Services Inc. TX ADV acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at $224,000. Finally, Smith Salley Wealth Management lifted its holdings in The PNC Financial Services Group by 3.1% during the 2nd quarter. Smith Salley Wealth Management now owns 75,107 shares of the financial services provider's stock valued at $14,002,000 after purchasing an additional 2,263 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $201.79 on Tuesday. The firm's 50 day simple moving average is $198.48 and its 200 day simple moving average is $182.38. 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, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The firm has a market capitalization of $79.47 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 1.50 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the company posted $3.39 EPS. The company's revenue for the quarter 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, research analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a $1.70 dividend. This is a boost 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 is 46.51%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an "underweight" rating in a research note on Monday. Bank of America raised their price objective on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Truist Financial upped their target price on The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a research report on Wednesday, September 24th. The Goldman Sachs Group increased their target price 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. Finally, 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. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $216.28.

The PNC Financial Services Group Company 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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