Stoneridge Investment Partners LLC Has $3.74 Million Stake in The PNC Financial Services Group, Inc $PNC

Key Points

• Stoneridge Investment Partners LLC significantly increased its stake in The PNC Financial Services Group by 285.6%, acquiring an additional 15,737 shares for a total of 21,248 shares valued at approximately $3.74 million.
• The PNC Financial Services Group recently increased its quarterly dividend from $1.60 to $1.70 per share, resulting in an annualized dividend yield of 3.5%.
• Analysts have varying ratings, with a consensus of "Moderate Buy" and an average target price of $214.17, while several firms have raised their price targets for the stock.

Stoneridge Investment Partners LLC boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 285.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,248 shares of the financial services provider's stock after purchasing an additional 15,737 shares during the period. The PNC Financial Services Group comprises approximately 3.2% of Stoneridge Investment Partners LLC's portfolio, making the stock its 6th biggest holding. Stoneridge Investment Partners LLC's holdings in The PNC Financial Services Group were worth $3,735,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. True Wealth Design LLC raised its holdings in The PNC Financial Services Group by 41.5% during the 4th quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 59 shares during the period. Cornerstone Planning Group LLC raised its holdings in The PNC Financial Services Group by 50.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 65 shares during the period. WealthPLAN Partners LLC raised its holdings in The PNC Financial Services Group by 0.5% during the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider's stock valued at $2,220,000 after acquiring an additional 66 shares during the period. Y.D. More Investments Ltd raised its holdings in The PNC Financial Services Group by 13.8% during the 1st quarter. Y.D. More Investments Ltd now owns 559 shares of the financial services provider's stock valued at $98,000 after acquiring an additional 68 shares during the period. Finally, Spire Wealth Management raised its holdings in The PNC Financial Services Group by 2.2% during the 1st quarter. Spire Wealth Management now owns 3,257 shares of the financial services provider's stock valued at $573,000 after acquiring an additional 69 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

NYSE:PNC traded up $7.5870 during midday trading on Friday, hitting $201.5870. The company had a trading volume of 1,835,636 shares, compared to its average volume of 1,536,210. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The stock's fifty day moving average price is $190.75 and its 200-day moving average price is $179.39. The company has a market capitalization of $79.39 billion, a PE ratio of 13.79, a P/E/G ratio of 1.49 and a beta of 1.09. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

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, topping 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 company had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period in the previous year, the business earned $3.39 earnings per share. The firm's quarterly 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. As a group, research analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.4%. 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. The PNC Financial Services Group's dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analysts Forecast Growth

PNC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Citigroup boosted their price target on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their price target for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. Oppenheimer upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target for the company in a research report on Wednesday, July 30th. Finally, Bank of America boosted their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $214.17.

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.