Johnson Investment Counsel Inc. Has $17.84 Million Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Johnson Investment Counsel Inc. reduced its stake in The PNC Financial Services Group by 9.0%, now holding shares worth $17.84 million.
• The stock price of The PNC Financial Services Group has decreased by 3.6%, with a current market capitalization of $72.35 billion.
• The company announced a quarterly dividend of $1.70, resulting in an annualized payout of $6.80 and a 3.7% dividend yield.

Johnson Investment Counsel Inc. reduced its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,718 shares of the financial services provider's stock after selling 9,427 shares during the period. Johnson Investment Counsel Inc.'s holdings in The PNC Financial Services Group were worth $17,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Saudi Central Bank bought a new position in The PNC Financial Services Group in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings 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 acquiring an additional 65 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $35,000. WPG Advisers LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $41,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 3.6%

Shares of NYSE:PNC opened at $183.72 on Friday. The stock has a market capitalization of $72.35 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 1.36 and a beta of 1.10. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The company's fifty day moving average is $198.64 and its two-hundred day moving average is $183.56. 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its 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 company had revenue of $3.01 billion for the quarter, compared to analysts' expectations 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 firm's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.51%.

Analyst Ratings Changes

PNC has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price target on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. 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 note on Wednesday, September 24th. Piper Sandler upgraded The PNC Financial Services Group from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $211.00 to $220.00 in a research note on Thursday. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their target price for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.21.

The PNC Financial Services Group 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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