KFG Wealth Management LLC Takes Position in The PNC Financial Services Group, Inc $PNC

Key Points

• KFG Wealth Management LLC invested approximately $405,000 in The PNC Financial Services Group, acquiring 2,171 shares during the second quarter.
• The company recently raised its quarterly dividend from $1.60 to $1.70, resulting in an annualized yield of 3.3%.
• PNC Financial Services reported $3.85 EPS for the last quarter, surpassing the consensus estimate of $3.56 by $0.29.

KFG Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,171 shares of the financial services provider's stock, valued at approximately $405,000.

A number of other large investors have also added to or reduced their stakes in PNC. Ignite Planners LLC boosted its holdings in The PNC Financial Services Group by 8.4% in the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock worth $262,000 after buying an additional 126 shares during the period. Exane Asset Management boosted its holdings in The PNC Financial Services Group by 32.9% in the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock worth $28,434,000 after buying an additional 37,110 shares during the period. Smith Salley Wealth Management boosted its holdings in The PNC Financial Services Group by 15.6% in the 1st quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock worth $12,804,000 after buying an additional 9,836 shares during the period. United Community Bank boosted its holdings in The PNC Financial Services Group by 687.0% in the 1st quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock worth $2,166,000 after buying an additional 10,759 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in The PNC Financial Services Group by 4.5% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock worth $493,000 after buying an additional 120 shares during the period. Institutional investors own 83.53% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on PNC. Citigroup boosted their price target on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Truist Financial boosted their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Raymond James Financial upped their target price on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their target price for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $213.94.

The PNC Financial Services Group Trading Down 1.0%

PNC stock traded down $2.04 during mid-day trading on Monday, reaching $203.48. The company had a trading volume of 1,216,678 shares, compared to its average volume of 1,503,142. 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 company has a market capitalization of $80.13 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The firm has a 50 day moving average of $197.66 and a 200 day moving average of $181.27. The PNC Financial Services Group, Inc has a 12 month low of $145.12 and a 12 month high of $216.26.

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 EPS for the quarter, topping analysts' consensus estimates 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 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 firm earned $3.39 EPS. The company's revenue for the quarter 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. On average, equities 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 company 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. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

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.