Norinchukin Bank The Boosts Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Norinchukin Bank increased its holdings in The PNC Financial Services Group by 14.5%, owning 19,819 shares valued at approximately $3.48 million.
• Multiple institutional investors have also raised their stakes, indicating strong institutional interest, with institutions owning 83.53% of the company's stock.
• The PNC Financial Services Group recently declared an increased quarterly dividend of $1.70, reflecting a 3.5% dividend yield, up from the previous $1.60.

Norinchukin Bank The boosted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,819 shares of the financial services provider's stock after buying an additional 2,516 shares during the period. Norinchukin Bank The's holdings in The PNC Financial Services Group were worth $3,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of The PNC Financial Services Group by 26.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock worth $1,670,249,000 after buying an additional 1,964,157 shares during the period. Nuveen LLC acquired a new stake in The PNC Financial Services Group during the 1st quarter valued at $306,905,000. Leigh Baldwin & CO. LLC acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth $299,864,000. GAMMA Investing LLC grew its position in The PNC Financial Services Group by 19,279.5% during the first quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider's stock valued at $201,961,000 after acquiring an additional 1,143,079 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in The PNC Financial Services Group by 41.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,818,090 shares of the financial services provider's stock valued at $495,336,000 after purchasing an additional 830,440 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Stock Up 1.2%

Shares of The PNC Financial Services Group stock traded up $2.52 during trading hours on Wednesday, reaching $205.98. The company's stock had a trading volume of 578,521 shares, compared to its average volume of 2,301,076. 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's fifty day simple moving average is $191.87 and its two-hundred day simple moving average is $179.40. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The company has a market capitalization of $81.12 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.49 and a beta of 1.09.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping 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 firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter last year, the company earned $3.39 earnings per share. The company's 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. On average, research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders 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. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PNC. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 target price for the company in a report on Tuesday, July 8th. Truist Financial increased their price target on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Morgan Stanley raised their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research note on Thursday, July 17th. Finally, Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. One equities research 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's stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and a consensus target price of $214.17.

The PNC Financial Services Group Company 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.