Ruffer LLP Increases Stock Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Ruffer LLP increased its stake in The PNC Financial Services Group by 49.2% during the second quarter, now holding 130,619 shares worth approximately $24.35 million.
• The firm's quarterly dividend was raised from $1.60 to $1.70, reflecting a 3.3% yield with a payout ratio of 46.51%.
• The PNC Financial Services Group reported Q2 earnings of $3.85 per share, exceeding analyst estimates, while revenue showed a 4.6% year-over-year increase.

Ruffer LLP raised its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 49.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,619 shares of the financial services provider's stock after purchasing an additional 43,082 shares during the quarter. The PNC Financial Services Group accounts for about 1.1% of Ruffer LLP's holdings, making the stock its 23rd biggest position. Ruffer LLP's holdings in The PNC Financial Services Group were worth $24,350,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted 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 purchasing an additional 65 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at approximately $35,000. WPG Advisers LLC purchased a new stake in shares of The PNC Financial Services Group during the 1st quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of The PNC Financial Services Group during the 1st quarter worth approximately $41,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

PNC stock opened at $203.71 on Thursday. 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 quick ratio of 0.80 and a current ratio of 0.80. The stock's 50 day moving average price is $198.10 and its 200 day moving average price is $181.59. The firm has a market cap of $80.22 billion, a P/E ratio of 13.93, a PEG ratio of 1.50 and a beta of 1.11.

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 (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 firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the company earned $3.39 EPS. The PNC Financial Services Group'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, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued 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 yield of 3.3%. The PNC Financial Services Group's payout ratio is presently 46.51%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PNC. Piper Sandler boosted their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Stephens reissued an "equal weight" rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Oppenheimer decreased their price target on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating on the stock in a research note on Tuesday. Truist Financial boosted their price target on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Bank of America boosted their price target on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $215.17.

The PNC Financial Services Group 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.

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