Sharp Financial Services LLC Invests $262,000 in The PNC Financial Services Group, Inc $PNC

Key Points

• Sharp Financial Services LLC invested approximately $262,000 in shares of The PNC Financial Services Group, acquiring 1,406 shares in the second quarter.
• Numerous other institutional investors also increased their stakes in PNC, with CWM LLC boosting its holdings by 211.2% during the same period.
• PNC Financial Services recently announced a quarterly dividend of $1.70 per share, representing a significant annualized yield of 3.7%.

Sharp Financial Services LLC acquired a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,406 shares of the financial services provider's stock, valued at approximately $262,000.

A number of other institutional investors also recently made changes to their positions in the company. Meritage Portfolio Management bought a new stake in shares of The PNC Financial Services Group during the second quarter worth approximately $4,987,000. CWM LLC boosted its holdings in shares of The PNC Financial Services Group by 211.2% during the second quarter. CWM LLC now owns 73,671 shares of the financial services provider's stock worth $13,734,000 after acquiring an additional 49,995 shares during the period. OFI Invest Asset Management boosted its holdings in shares of The PNC Financial Services Group by 58.1% during the second quarter. OFI Invest Asset Management now owns 585 shares of the financial services provider's stock worth $109,000 after acquiring an additional 215 shares during the period. Board of the Pension Protection Fund bought a new stake in shares of The PNC Financial Services Group during the second quarter worth approximately $336,000. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of The PNC Financial Services Group by 25.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 53,855 shares of the financial services provider's stock worth $10,043,000 after acquiring an additional 10,971 shares during the period. Institutional investors own 83.53% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler upgraded shares of The PNC Financial Services Group from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $211.00 to $220.00 in a research report on Thursday. Oppenheimer dropped their price target on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a research report on Tuesday, September 23rd. Evercore ISI lifted their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of The PNC Financial Services Group in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $218.21.

The PNC Financial Services Group Stock Down 3.6%

Shares of PNC opened at $183.72 on Monday. 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 cap of $72.35 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.28 and a beta of 1.10. 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 firm has a 50 day simple moving average of $198.64 and a two-hundred day simple moving average of $183.62.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating 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 business 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 business 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. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group's payout ratio is currently 46.51%.

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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