Good Steward Wealth Advisors LLC Has $560,000 Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Good Steward Wealth Advisors LLC reduced its stake in The PNC Financial Services Group by 43.8%, now holding 3,003 shares, valued at $560,000.
• Several institutional investors have significantly increased their holdings in The PNC Financial Services Group, with ProShare Advisors LLC boosting theirs by 11.3%, now owning 85,025 shares.
• The PNC Financial Services Group's recent earnings report showed an EPS of $3.85, exceeding expectations, along with a quarterly dividend increase to $1.70 per share, reflecting a yield of 3.4%.

Good Steward Wealth Advisors LLC lowered its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 43.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,003 shares of the financial services provider's stock after selling 2,342 shares during the period. Good Steward Wealth Advisors LLC's holdings in The PNC Financial Services Group were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock worth $779,000 after acquiring an additional 984 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter worth about $2,522,000. Man Group plc raised its holdings in shares of The PNC Financial Services Group by 70.3% in the 4th quarter. Man Group plc now owns 20,234 shares of the financial services provider's stock worth $3,902,000 after acquiring an additional 8,353 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of The PNC Financial Services Group by 17.8% in the 4th quarter. Quantinno Capital Management LP now owns 27,981 shares of the financial services provider's stock worth $5,396,000 after acquiring an additional 4,221 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of The PNC Financial Services Group by 11.3% in the 4th quarter. ProShare Advisors LLC now owns 85,025 shares of the financial services provider's stock worth $16,397,000 after acquiring an additional 8,622 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PNC shares. Citigroup upped their target price on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Truist Financial upped their target price on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Stephens restated an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday. The Goldman Sachs Group upped their target price on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Morgan Stanley upped their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. One research 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $213.67.

The PNC Financial Services Group Trading Down 0.3%

Shares of PNC stock opened at $202.15 on Friday. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week 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 50-day simple moving average of $196.88 and a two-hundred day simple moving average of $180.48. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 13.83, a PEG 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 data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the firm posted $3.39 EPS. The firm'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 anticipate 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 announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is currently 46.51%.

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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