KG&L Capital Management LLC Cuts Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• KG&L Capital Management LLC reduced its stake in The PNC Financial Services Group by 40.4%, holding 4,026 shares valued at approximately $751,000 after selling 2,724 shares in the second quarter.
• Several analysts have recently increased their price targets for PNC, with consensus target pricing now at $215.17 and ratings reflecting a majority view of "Buy" or "Moderate Buy".
• The PNC Financial Services Group recently declared a quarterly dividend of $1.70 per share, up from $1.60, representing a **3.3%** yield with a payout ratio of **46.51%**.

KG&L Capital Management LLC lowered its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 40.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,026 shares of the financial services provider's stock after selling 2,724 shares during the quarter. KG&L Capital Management LLC's holdings in The PNC Financial Services Group were worth $751,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Saudi Central Bank purchased a new position in The PNC Financial Services Group during the 1st quarter worth $27,000. Cornerstone Planning Group LLC raised its position in The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after buying an additional 65 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in The PNC Financial Services Group during the 1st quarter worth $35,000. WPG Advisers LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter worth $41,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

Analysts Set New Price Targets

PNC has been the topic of a number of recent analyst reports. Bank of America upped their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Morgan Stanley upped their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Raymond James Financial upped their price target on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their price target for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Finally, Piper Sandler upped their price target on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $215.17.

The PNC Financial Services Group Stock Up 0.3%

Shares of NYSE PNC opened at $203.30 on Friday. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The company has a market capitalization of $80.06 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. 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 firm's 50-day moving average is $198.37 and its two-hundred day moving average is $182.09.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating 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 for 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 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. Equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's dividend payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.