Perbak Capital Partners LLP Invests $296,000 in The PNC Financial Services Group, Inc $PNC

Key Points

• Perbak Capital Partners LLP acquired 1,685 shares of The PNC Financial Services Group, valued around $296,000, during the first quarter.
• The company's recent quarterly earnings report showed $3.85 EPS, exceeding estimates by $0.29, with a net margin of 18.33%.
• The PNC Financial Services Group announced a quarterly dividend increase from $1.60 to $1.70, resulting in an annualized yield of 3.3%.

Perbak Capital Partners LLP bought a new stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,685 shares of the financial services provider's stock, valued at approximately $296,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. PKS Advisory Services LLC grew its holdings in The PNC Financial Services Group by 3.2% in the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider's stock valued at $332,000 after buying an additional 60 shares during the period. Cornerstone Planning Group LLC grew its holdings in The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after buying an additional 65 shares during the period. WealthPLAN Partners LLC grew its holdings in The PNC Financial Services Group by 0.5% in the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider's stock valued at $2,220,000 after buying an additional 66 shares during the period. Calton & Associates Inc. grew its holdings in The PNC Financial Services Group by 1.8% in the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider's stock valued at $644,000 after buying an additional 66 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in The PNC Financial Services Group by 13.8% in the 1st quarter. Y.D. More Investments Ltd now owns 559 shares of the financial services provider's stock valued at $98,000 after buying an additional 68 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Truist Financial boosted their target price on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Wolfe Research reiterated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Citigroup boosted their target price on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their target price for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Finally, Morgan Stanley boosted their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Stock Down 1.4%

NYSE PNC traded down $2.85 on Friday, reaching $204.51. The company had a trading volume of 1,272,975 shares, compared to its average volume of 1,494,110. The firm has a market capitalization of $80.54 billion, a PE ratio of 13.99, a P/E/G ratio of 1.53 and a beta of 1.11. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The firm has a 50-day moving average of $195.96 and a 200-day moving average of $180.08. 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 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 earnings per share (EPS) 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 analyst estimates of $5.61 billion. During the same period in the prior year, the company posted $3.39 EPS. 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. On average, equities research analysts anticipate 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. Stockholders of record on Tuesday, July 15th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. 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%.

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.