Godsey & Gibb Inc. Boosts Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Godsey & Gibb Inc. increased its holdings in The PNC Financial Services Group by 2.9%, owning 119,430 shares valued at approximately $22.26 million as of the second quarter.
• The PNC Financial Services Group is set to pay a quarterly dividend of $1.70 on November 5, representing a yield of 3.5% based on an annualized payout of $6.80.
• Analysts give The PNC Financial Services Group a consensus rating of "Moderate Buy" with a price target of $217.11, reflecting a positive outlook for the stock.

Godsey & Gibb Inc. raised its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 2.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,430 shares of the financial services provider's stock after buying an additional 3,350 shares during the period. The PNC Financial Services Group comprises 2.1% of Godsey & Gibb Inc.'s investment portfolio, making the stock its 26th biggest position. Godsey & Gibb Inc.'s holdings in The PNC Financial Services Group were worth $22,264,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Joel Isaacson & Co. LLC increased its holdings in shares of The PNC Financial Services Group by 1.7% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 49,357 shares of the financial services provider's stock worth $9,201,000 after buying an additional 833 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in The PNC Financial Services Group by 2.8% in the second quarter. KLP Kapitalforvaltning AS now owns 176,947 shares of the financial services provider's stock valued at $32,986,000 after purchasing an additional 4,800 shares during the period. Foresight Capital Management Advisors Inc. increased its stake in The PNC Financial Services Group by 5.5% in the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 18,168 shares of the financial services provider's stock valued at $3,387,000 after purchasing an additional 951 shares in the last quarter. KPP Advisory Services LLC raised its stake in The PNC Financial Services Group by 24.7% in the 2nd quarter. KPP Advisory Services LLC now owns 4,742 shares of the financial services provider's stock valued at $884,000 after purchasing an additional 940 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC boosted its stake in The PNC Financial Services Group by 6.8% in the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 1,570 shares of the financial services provider's stock worth $293,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

Shares of PNC stock opened at $195.81 on Tuesday. 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 12 month low of $145.12 and a 12 month high of $216.26. The business's 50-day moving average price is $198.70 and its 200-day moving average price is $183.25. The firm has a market capitalization of $77.11 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.46 and a beta of 1.10.

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 earnings per share for the quarter, topping 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 analysts' expectations of $5.61 billion. During the same period in the prior year, the company posted $3.39 earnings per share. The PNC Financial Services Group'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. Equities research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Oppenheimer cut their price objective on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $185.00 to $212.00 in a research note on Wednesday, July 9th. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Piper Sandler boosted their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a research report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.11.

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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