MassMutual Private Wealth & Trust FSB Boosts Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• MassMutual Private Wealth & Trust FSB increased its stake in The PNC Financial Services Group by 6.1%, owning 36,527 shares valued at $6.81 million after acquiring an additional 2,091 shares.
• The PNC Financial Services Group recently increased its quarterly dividend from $1.60 to $1.70, reflecting an annualized yield of 3.4%.
• Analysts have a consensus rating of "Moderate Buy" for The PNC Financial Services Group, with an average price target of $213.67.

MassMutual Private Wealth & Trust FSB grew its stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,527 shares of the financial services provider's stock after purchasing an additional 2,091 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in The PNC Financial Services Group were worth $6,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted 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 valued at $34,000 after acquiring an additional 65 shares during the last quarter. REAP Financial Group LLC lifted its holdings in The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 80 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in The PNC Financial Services Group in the first quarter valued at approximately $35,000. Finally, WPG Advisers LLC acquired a new position in The PNC Financial Services Group in the first quarter valued at approximately $36,000. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Up 0.4%

Shares of NYSE PNC opened at $202.70 on Tuesday. 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 current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The stock has a market cap of $79.82 billion, a P/E ratio of 13.86, a PEG ratio of 1.49 and a beta of 1.11. The business's fifty day simple moving average is $197.01 and its 200-day simple moving average is $180.50.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly 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 PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $5.61 billion. During the same period last year, the firm earned $3.39 earnings per share. The PNC Financial Services Group's quarterly revenue was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were paid a $1.70 dividend. This is a boost 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 3.4%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is 46.51%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PNC. Piper Sandler upped their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Stephens reiterated 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. The Goldman Sachs Group upped their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Morgan Stanley upped their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. 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. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $213.67.

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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