NorthRock Partners LLC Grows Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• NorthRock Partners LLC increased its stake in The PNC Financial Services Group by 42.5% during the 2nd quarter, owning a total of 5,933 shares valued at approximately $1.1 million.
• Multiple institutional investors, including Verdence Capital Advisors LLC and Concord Wealth Partners, also boosted their positions in PNC, highlighting increased institutional interest with 83.53% of the stock currently held by such investors.
• The PNC Financial Services Group announced a quarterly dividend of $1.70 per share, representing an annualized yield of 3.6%, set to be paid on November 5th.

NorthRock Partners LLC raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 42.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,933 shares of the financial services provider's stock after buying an additional 1,770 shares during the period. NorthRock Partners LLC's holdings in The PNC Financial Services Group were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in shares of The PNC Financial Services Group by 20.3% during the second quarter. Verdence Capital Advisors LLC now owns 13,980 shares of the financial services provider's stock worth $2,606,000 after buying an additional 2,361 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of The PNC Financial Services Group by 14.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 29,508 shares of the financial services provider's stock worth $5,501,000 after buying an additional 3,667 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of The PNC Financial Services Group by 0.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 34,123 shares of the financial services provider's stock worth $6,361,000 after buying an additional 100 shares during the period. Concord Wealth Partners boosted its holdings in The PNC Financial Services Group by 144.9% in the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in The PNC Financial Services Group by 6.7% in the second quarter. Sequoia Financial Advisors LLC now owns 16,432 shares of the financial services provider's stock valued at $3,063,000 after purchasing an additional 1,026 shares during the period. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PNC shares. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Citigroup lifted their target price on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a "buy" rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of The PNC Financial Services Group in a report on Wednesday, October 8th. Oppenheimer decreased their target price on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Finally, Stephens reiterated an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $218.21.

The PNC Financial Services Group Stock Up 1.7%

The PNC Financial Services Group stock opened at $187.13 on Tuesday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market cap of $73.69 billion, a PE ratio of 12.80, a P/E/G ratio of 1.28 and a beta of 1.10. The stock's fifty day moving average is $198.60 and its two-hundred day moving average is $183.73.

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 EPS for the quarter, topping 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 business had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $5.61 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. The business'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, sell-side analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

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

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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