McKinley Carter Wealth Services Inc. Buys Shares of 8,696 The PNC Financial Services Group, Inc $PNC

Key Points

• McKinley Carter Wealth Services Inc. recently acquired 8,696 shares of The PNC Financial Services Group, valued at approximately $1,621,000.
• The PNC Financial Services Group announced a quarterly dividend of $1.70 per share, with a dividend yield of 3.6%, to be paid on November 5th.
• Analysts have raised their price targets for PNC shares, with UBS Group increasing it from $224.00 to $229.00, maintaining a "buy" rating for the stock.

McKinley Carter Wealth Services Inc. 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,696 shares of the financial services provider's stock, valued at approximately $1,621,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its stake in The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after buying an additional 984 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in The PNC Financial Services Group by 7.6% in the 1st quarter. Farther Finance Advisors LLC now owns 6,467 shares of the financial services provider's stock worth $1,129,000 after buying an additional 457 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of The PNC Financial Services Group by 3.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 5,239 shares of the financial services provider's stock worth $921,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of The PNC Financial Services Group by 10.3% during the first quarter. GAMMA Investing LLC now owns 6,537 shares of the financial services provider's stock valued at $1,149,000 after purchasing an additional 608 shares during the period. Finally, Simplicity Wealth LLC raised its stake in shares of The PNC Financial Services Group by 94.2% during the first quarter. Simplicity Wealth LLC now owns 2,711 shares of the financial services provider's stock valued at $476,000 after purchasing an additional 1,315 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $190.64 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $75.08 billion, a P/E ratio of 13.04, a P/E/G ratio of 1.40 and a beta of 1.10. The business's fifty day moving average is $198.68 and its two-hundred day moving average is $183.47. 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 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the business posted $3.39 earnings per share. The PNC Financial Services Group'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. On average, research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PNC shares. UBS Group increased 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 research report on Tuesday. Raymond James Financial raised their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, September 19th. Stephens reissued an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Finally, Evercore ISI lifted their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $218.21.

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.

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