Focus Partners Advisor Solutions LLC Increases Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Focus Partners Advisor Solutions LLC increased its holdings in The PNC Financial Services Group by 28.1% during the first quarter, owning 29,353 shares worth $5,159,000.
• The company's recent earnings reports showed an EPS of $3.85, exceeding analysts' expectations, and revenue growth of 4.6% year-over-year.
• The PNC Financial Services Group announced a quarterly dividend of $1.70, marking an increase from the previous quarter and representing an annualized yield of 3.3%.

Focus Partners Advisor Solutions LLC lifted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 28.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,353 shares of the financial services provider's stock after purchasing an additional 6,430 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in The PNC Financial Services Group were worth $5,159,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Beck Mack & Oliver LLC boosted its holdings in shares of The PNC Financial Services Group by 2.9% during the first quarter. Beck Mack & Oliver LLC now owns 5,350 shares of the financial services provider's stock worth $940,000 after purchasing an additional 150 shares during the last quarter. Retirement Planning Co of New England Inc. acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth $2,126,000. MAI Capital Management raised its position in shares of The PNC Financial Services Group by 1.5% in the 1st quarter. MAI Capital Management now owns 17,621 shares of the financial services provider's stock worth $3,097,000 after buying an additional 266 shares during the period. Quarry LP raised its position in shares of The PNC Financial Services Group by 1,692.9% in the 1st quarter. Quarry LP now owns 4,034 shares of the financial services provider's stock worth $709,000 after buying an additional 3,809 shares during the period. Finally, Calton & Associates Inc. raised its position in shares of 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 worth $644,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 83.53% of the company's stock.

Analyst Ratings Changes

PNC has been the topic of several research reports. The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 target price on the stock in a research report on Tuesday, July 8th. Morgan Stanley increased their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. TD Cowen assumed coverage on The PNC Financial Services Group in a research report on Thursday, May 15th. They issued a "buy" rating and a $233.00 target price on the stock. Finally, Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $214.17.

The PNC Financial Services Group Stock Down 1.4%

NYSE:PNC traded down $2.85 during mid-day trading on Friday, hitting $204.51. The company had a trading volume of 1,272,975 shares, compared to its average volume of 1,494,110. The business has a fifty day simple moving average of $195.96 and a 200-day simple moving average of $180.08. 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 market capitalization of $80.54 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.53 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released 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 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 last year, the company posted $3.39 earnings per share. The firm's 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. Equities analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. 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 dividend on an annualized basis and a dividend yield of 3.3%. The PNC Financial Services Group's dividend payout ratio is presently 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.