Guyasuta Investment Advisors Inc. Acquires 4,230 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Guyasuta Investment Advisors Inc. increased its holdings in The PNC Financial Services Group by 1.7%, acquiring an additional 4,230 shares during the second quarter, now owning 248,008 shares valued at approximately $46,234,000.
• Several institutional investors, including Saudi Central Bank and Cornerstone Planning Group LLC, have recently made significant investments in The PNC Financial Services Group, contributing to institutional ownership of 83.53% of the company's stock.
• The PNC Financial Services Group raised its quarterly dividend from $1.60 to $1.70 per share, reflecting a 3.3% yield and highlighting the firm's commitment to returning value to shareholders.

Guyasuta Investment Advisors Inc. grew its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 248,008 shares of the financial services provider's stock after purchasing an additional 4,230 shares during the quarter. The PNC Financial Services Group comprises about 2.8% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 8th largest position. Guyasuta Investment Advisors Inc. owned 0.06% of The PNC Financial Services Group worth $46,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Saudi Central Bank acquired a new position in The PNC Financial Services Group in the first quarter worth $27,000. Cornerstone Planning Group LLC boosted its stake in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after purchasing an additional 65 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in The PNC Financial Services Group in the first quarter worth $35,000. WPG Advisers LLC acquired a new position in The PNC Financial Services Group in the first quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in The PNC Financial Services Group in the first quarter worth $41,000. Institutional investors and hedge funds own 83.53% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Truist Financial boosted their target price on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a research report on Wednesday. Bank of America boosted their target price on 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. Raymond James Financial boosted their target price on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, September 19th. Finally, Morgan Stanley boosted their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned 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 $215.17.

The PNC Financial Services Group Trading Up 0.3%

NYSE PNC opened at $203.30 on Friday. The stock has a 50-day simple moving average of $198.37 and a 200 day simple moving average of $182.09. The company has a market capitalization of $80.06 billion, a PE ratio of 13.91, a P/E/G ratio of 1.50 and a beta of 1.11. 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 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 analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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 firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued 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 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

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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