MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Buys 15,544 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH significantly increased its holdings in The PNC Financial Services Group, acquiring an additional 15,544 shares, marking a 1,669.6% increase during the 2nd quarter.
• The PNC Financial Services Group reported an EPS of $3.85 in its latest earnings results, exceeding estimates, and has set a quarterly dividend of $1.70 per share, reflecting a dividend yield of 3.3%.
• Brokerages have adjusted their price targets for The PNC Financial Services Group, with a consensus target now set at $215.17, indicating a positive outlook for the stock.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 1,669.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,475 shares of the financial services provider's stock after purchasing an additional 15,544 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in The PNC Financial Services Group were worth $3,071,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PNC. Massachusetts Financial Services Co. MA lifted its holdings in shares of The PNC Financial Services Group by 26.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock valued at $1,670,249,000 after purchasing an additional 1,964,157 shares in the last quarter. Nuveen LLC bought a new position in shares of The PNC Financial Services Group during the 1st quarter valued at about $306,905,000. GAMMA Investing LLC lifted its holdings in shares of The PNC Financial Services Group by 19,279.5% during the 1st quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider's stock valued at $201,961,000 after purchasing an additional 1,143,079 shares in the last quarter. Amundi lifted its holdings in shares of The PNC Financial Services Group by 76.1% during the 1st quarter. Amundi now owns 2,186,073 shares of the financial services provider's stock valued at $352,592,000 after purchasing an additional 944,731 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in The PNC Financial Services Group by 187.3% in the 1st quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider's stock valued at $245,055,000 after buying an additional 926,709 shares during the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 0.1%

NYSE:PNC opened at $203.71 on Thursday. The firm has a market capitalization of $80.22 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The stock's 50 day moving average price is $198.10 and its two-hundred day moving average price is $181.59. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

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 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 company had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the company posted $3.39 EPS. The firm'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 research analysts expect 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date 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 presently 46.51%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PNC. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and lifted their target price for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. Oppenheimer dropped their target price on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating on the stock in a research report on Tuesday. Truist Financial lifted their target price on The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a research report on Wednesday. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Morgan Stanley boosted their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $215.17.

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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