IFM Investors Pty Ltd Has $14.71 Million Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• IFM Investors Pty Ltd increased its stake in The PNC Financial Services Group by 4.7%, now owning 78,895 shares valued at approximately $14.7 million.
• The PNC Financial Services Group reported an EPS of $3.85 for the latest quarter, exceeding analyst expectations by $0.29, with revenue up 4.6% year-over-year.
• The firm announced a dividend increase from $1.60 to $1.70 per share, offering a total annualized yield of 3.3% with a payout ratio of 46.51%.

IFM Investors Pty Ltd raised its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,895 shares of the financial services provider's stock after buying an additional 3,573 shares during the period. IFM Investors Pty Ltd's holdings in The PNC Financial Services Group were worth $14,708,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PNC. Brighton Jones LLC raised its position in 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 purchasing an additional 984 shares during the period. Vident Advisory LLC lifted its position in shares of The PNC Financial Services Group by 8.4% in the 4th quarter. Vident Advisory LLC now owns 9,660 shares of the financial services provider's stock worth $1,863,000 after purchasing an additional 748 shares during the period. Woodline Partners LP acquired a new position in The PNC Financial Services Group during the 4th quarter valued at approximately $4,595,000. Continuum Advisory LLC boosted its holdings in The PNC Financial Services Group by 20.3% during the fourth quarter. Continuum Advisory LLC now owns 1,039 shares of the financial services provider's stock worth $200,000 after buying an additional 175 shares in the last quarter. Finally, Vise Technologies Inc. lifted its stake in shares of The PNC Financial Services Group by 52.7% in the fourth quarter. Vise Technologies Inc. now owns 4,593 shares of the financial services provider's stock worth $886,000 after buying an additional 1,585 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $2.80 on Tuesday, reaching $205.92. The company's stock had a trading volume of 202,996 shares, compared to its average volume of 2,226,377. 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 current ratio of 0.80 and a quick ratio of 0.80. The stock's 50-day moving average is $197.66 and its two-hundred day moving average is $181.27. The stock has a market capitalization of $81.09 billion, a P/E ratio of 14.08, a PEG ratio of 1.52 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is presently 46.51%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PNC. Raymond James Financial boosted their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Piper Sandler increased their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a research note on Wednesday, September 10th. 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 investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and a consensus target price of $214.67.

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.