JB Capital LLC Has $15.10 Million Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• JB Capital LLC increased its stake in The PNC Financial Services Group by 2.8% during the second quarter, owning 80,971 shares valued at approximately $15.10 million.
• The PNC Financial Services Group's quarterly earnings exceeded analysts' expectations, reporting $3.85 earnings per share compared to an estimated $3.56.
• A recent dividend of $1.70 per share will be paid on November 5th, with a dividend yield of 3.6% and a payout ratio of 46.51%.

JB Capital LLC lifted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 80,971 shares of the financial services provider's stock after purchasing an additional 2,173 shares during the period. The PNC Financial Services Group accounts for about 0.7% of JB Capital LLC's portfolio, making the stock its 27th largest position. JB Capital LLC's holdings in The PNC Financial Services Group were worth $15,095,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Saudi Central Bank bought a new position in The PNC Financial Services Group in the first quarter valued at about $27,000. Cornerstone Planning Group LLC lifted 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 valued at $34,000 after buying an additional 65 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth about $35,000. WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of The PNC Financial Services Group during the first quarter worth about $41,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Up 0.3%

NYSE PNC opened at $190.64 on Friday. The business has a 50 day simple moving average of $198.68 and a 200 day simple moving average of $183.47. 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 current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $75.08 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.40 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the business earned $3.39 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The PNC Financial Services Group's dividend payout ratio is 46.51%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PNC. Piper Sandler upgraded The PNC Financial Services Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $211.00 to $220.00 in a research note on Thursday. Evercore ISI lifted their price objective on The PNC Financial Services Group from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Tuesday, September 30th. Citigroup lifted their price target on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of The PNC Financial Services Group in a research note on Wednesday. Finally, Truist Financial boosted their price objective 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, September 24th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $218.21.

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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