Smith Salley Wealth Management Has $14 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Smith Salley Wealth Management increased its holdings in The PNC Financial Services Group to $14 million, representing a 3.1% rise, after acquiring an additional 2,263 shares in the 2nd quarter.
• The company recently declared a quarterly dividend increase from $1.60 to $1.70 per share, with an annual yield of 3.3% and a payout ratio of 46.51%.
• Analysts have raised PNC's price target, with the average consensus now at $215.17, reflecting a positive outlook for the stock among equities research analysts.

Smith Salley Wealth Management lifted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 3.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,107 shares of the financial services provider's stock after acquiring an additional 2,263 shares during the period. Smith Salley Wealth Management's holdings in The PNC Financial Services Group were worth $14,002,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in The PNC Financial Services Group by 32.2% during the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after acquiring an additional 984 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of The PNC Financial Services Group by 3.4% during the first quarter. Central Pacific Bank Trust Division now owns 4,769 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 156 shares in the last quarter. Versant Capital Management Inc raised its stake in The PNC Financial Services Group by 157.3% during the 1st quarter. Versant Capital Management Inc now owns 1,217 shares of the financial services provider's stock worth $214,000 after acquiring an additional 744 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 1,143,079 shares in the last quarter. Finally, Summit Global Investments lifted its holdings in The PNC Financial Services Group by 22.9% during the 1st quarter. Summit Global Investments now owns 4,074 shares of the financial services provider's stock valued at $716,000 after buying an additional 760 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $203.30 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. 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 fifty day simple moving average of $198.37 and a two-hundred day simple moving average of $182.09. The firm has a market cap of $80.06 billion, a PE ratio of 13.91, a P/E/G ratio of 1.50 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analyst Weigh In

Several research firms recently commented on PNC. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $185.00 to $212.00 in a research note on Wednesday, July 9th. Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Morgan Stanley raised their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Stephens reaffirmed an "equal weight" rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group raised their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $215.17.

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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