Kera Capital Partners Inc. Buys New Shares in The PNC Financial Services Group, Inc $PNC

Key Points

• Kera Capital Partners Inc. acquired 3,168 shares of The PNC Financial Services Group, valued at approximately $591,000, as disclosed in a recent SEC filing.
• The PNC Financial Services Group increased its quarterly dividend from $1.60 to $1.70, representing an annualized dividend of $6.80 and a yield of 3.4%.
• The company's latest earnings report showed an EPS of $3.85, exceeding analysts' expectations of $3.56, while revenue increased by 4.6% year-over-year to $3.01 billion.

Kera Capital Partners Inc. purchased a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,168 shares of the financial services provider's stock, valued at approximately $591,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs bought a new stake in shares of The PNC Financial Services Group during the first quarter worth approximately $2,580,000. Swedbank AB raised its stake in shares of The PNC Financial Services Group by 1.2% during the first quarter. Swedbank AB now owns 212,796 shares of the financial services provider's stock worth $37,403,000 after buying an additional 2,549 shares during the last quarter. 1248 Management LLC raised its stake in shares of The PNC Financial Services Group by 155.5% during the first quarter. 1248 Management LLC now owns 12,985 shares of the financial services provider's stock worth $2,282,000 after buying an additional 7,902 shares during the last quarter. Modern Wealth Management LLC raised its stake in shares of The PNC Financial Services Group by 19.2% during the first quarter. Modern Wealth Management LLC now owns 4,634 shares of the financial services provider's stock worth $815,000 after buying an additional 746 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of The PNC Financial Services Group during the first quarter worth approximately $24,659,000. 83.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Citigroup boosted their price objective on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Stephens restated an "equal weight" rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Finally, Truist Financial boosted their price objective on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $213.67.

The PNC Financial Services Group Stock Up 0.4%

Shares of PNC stock traded up $0.72 during trading hours on Monday, hitting $202.70. 1,464,299 shares of the company were exchanged, compared to its average volume of 1,509,861. The business has a 50 day moving average of $197.01 and a two-hundred day moving average of $180.50. 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 52 week low of $145.12 and a 52 week high of $216.26. The company has a market capitalization of $79.82 billion, a PE ratio of 13.86, a PEG ratio of 1.49 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the firm earned $3.39 earnings per share. The firm's 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. Analysts anticipate 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is currently 46.51%.

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.