Janney Montgomery Scott LLC Reduces Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Janney Montgomery Scott LLC reduced its stake in The PNC Financial Services Group by 0.3%, now holding 575,411 shares worth approximately $107.27 million.
• The company recently announced a quarterly dividend increase to $1.70 per share, representing a 3.4% yield and an annualized dividend of $6.80.
• Analysts have raised price targets for PNC stock, with estimates now ranging from $212.00 to $226.00, reflecting a generally positive sentiment about the company's performance.

Janney Montgomery Scott LLC reduced its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,411 shares of the financial services provider's stock after selling 1,481 shares during the period. Janney Montgomery Scott LLC owned 0.15% of The PNC Financial Services Group worth $107,268,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Saudi Central Bank acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in shares of 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 valued at $34,000 after acquiring an additional 65 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $35,000. WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $41,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $201.79 on Tuesday. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year 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 business has a fifty day moving average of $198.48 and a two-hundred day moving average of $182.38. The company has a market cap of $79.47 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results 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 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 during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter last year, the company earned $3.39 earnings per share. The PNC Financial Services Group'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. As a group, analysts predict 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. 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 dividend payout ratio is 46.51%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PNC. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Raymond James Financial increased their price objective on The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a report on Friday, September 19th. Oppenheimer decreased 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 report on Tuesday, September 23rd. Bank of America increased their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One equities research 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. Based on data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and a consensus price target 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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