KLP Kapitalforvaltning AS Purchases 4,800 Shares of The PNC Financial Services Group, Inc $PNC

KLP Kapitalforvaltning AS raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 176,947 shares of the financial services provider's stock after acquiring an additional 4,800 shares during the quarter. KLP Kapitalforvaltning AS's holdings in The PNC Financial Services Group were worth $32,986,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PNC. Ignite Planners LLC lifted its holdings in shares of The PNC Financial Services Group by 8.4% during the first quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock valued at $262,000 after purchasing an additional 126 shares during the last quarter. Exane Asset Management lifted its holdings in shares of The PNC Financial Services Group by 32.9% during the first quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock valued at $28,434,000 after purchasing an additional 37,110 shares during the last quarter. Smith Salley Wealth Management lifted its holdings in shares of The PNC Financial Services Group by 15.6% during the first quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock valued at $12,804,000 after purchasing an additional 9,836 shares during the last quarter. United Community Bank lifted its holdings in shares of The PNC Financial Services Group by 687.0% during the first quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock valued at $2,166,000 after purchasing an additional 10,759 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its holdings in shares of The PNC Financial Services Group by 4.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock valued at $493,000 after purchasing an additional 120 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $193.98 on Wednesday. The firm has a market cap of $76.39 billion, a PE ratio of 13.27, a P/E/G ratio of 1.44 and a beta of 1.10. 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 firm has a fifty day simple moving average of $198.71 and a two-hundred day simple moving average of $183.33. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $1.70 per share. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a yield of 3.5%. The PNC Financial Services Group's payout ratio is currently 46.51%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PNC shares. UBS Group lifted their target price on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a "buy" rating in a report on Tuesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of The PNC Financial Services Group in a report on Saturday, September 27th. Stephens restated an "equal weight" rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Citigroup boosted their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $217.74.

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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