The PNC Financial Services Group, Inc $PNC Holdings Boosted by AlphaQuest LLC

Key Points

• AlphaQuest LLC increased its stake in The PNC Financial Services Group by 320.4%, making it their largest holding worth approximately $5.18 million.
• The PNC Financial Services Group reported $3.85 earnings per share for the last quarter, exceeding estimates, with a revenue of $3.01 billion, showing a year-over-year increase of 4.6%.
• The company recently raised its quarterly dividend to $1.70 per share, yielding 3.5%, up from the previous dividend of $1.60.

AlphaQuest LLC boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 320.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,457 shares of the financial services provider's stock after buying an additional 22,450 shares during the period. The PNC Financial Services Group makes up approximately 0.6% of AlphaQuest LLC's investment portfolio, making the stock its largest holding. AlphaQuest LLC's holdings in The PNC Financial Services Group were worth $5,178,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PNC. Cornerstone Planning Group LLC boosted its position in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after buying an additional 65 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group in the first quarter valued at approximately $35,000. REAP Financial Group LLC boosted its position in The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after buying an additional 80 shares during the last quarter. True Wealth Design LLC boosted its position in The PNC Financial Services Group by 41.5% in the fourth quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock valued at $39,000 after buying an additional 59 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new stake in The PNC Financial Services Group in the first quarter valued at approximately $41,000. 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 on Friday, hitting $201.5870. The company had a trading volume of 1,835,636 shares, compared to its average volume of 1,537,127. The company has a market capitalization of $79.39 billion, a PE ratio of 13.79, a PEG ratio of 1.49 and a beta of 1.09. The company's fifty day moving average price is $190.75 and its 200-day moving average price is $179.23. 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 PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 firm's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts predict 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 company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid a $1.70 dividend. This is a boost 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 3.4%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is presently 46.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PNC shares. The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Truist Financial boosted their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. Oppenheimer raised 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 report on Wednesday, July 30th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Finally, Keefe, Bruyette & Woods raised 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 report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $214.17.

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.