Aptus Capital Advisors LLC Buys 9,747 Shares of The PNC Financial Services Group, Inc $PNC

Key Points

• Aptus Capital Advisors LLC increased its holdings in The PNC Financial Services Group by 44%, owning 31,915 shares worth $5.61 million as reported in its latest SEC filing.
• The PNC Financial Services Group announced a dividend increase from $1.60 to $1.70 per share, representing a yield of 3.5% with a payout ratio of 46.51%.
• Several analysts have raised their target prices for The PNC Financial Services Group, with Citigroup increasing its target from $205 to $217 and Raymond James upgrading its rating to "outperform".

Aptus Capital Advisors LLC raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 44.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,915 shares of the financial services provider's stock after buying an additional 9,747 shares during the period. Aptus Capital Advisors LLC's holdings in The PNC Financial Services Group were worth $5,610,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ignite Planners LLC boosted its position in The PNC Financial Services Group by 8.4% during the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider's stock valued at $262,000 after buying an additional 126 shares during the period. Exane Asset Management boosted its position in The PNC Financial Services Group by 32.9% during the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider's stock valued at $28,434,000 after buying an additional 37,110 shares during the period. Smith Salley Wealth Management boosted its position in The PNC Financial Services Group by 15.6% during the 1st quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider's stock valued at $12,804,000 after buying an additional 9,836 shares during the period. United Community Bank boosted its position in The PNC Financial Services Group by 687.0% during the 1st quarter. United Community Bank now owns 12,325 shares of the financial services provider's stock valued at $2,166,000 after buying an additional 10,759 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake in The PNC Financial Services Group by 4.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider's stock worth $493,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Down 0.4%

NYSE PNC traded down $0.8180 during trading hours on Monday, reaching $200.8720. 234,302 shares of the company's stock traded hands, compared to its average volume of 2,308,984. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The firm has a market cap of $79.10 billion, a PE ratio of 13.74, a PEG ratio of 1.49 and a beta of 1.09. The firm has a 50-day simple moving average of $190.75 and a 200 day simple moving average of $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 (NYSE:PNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $5.61 billion. During the same period last year, the company posted $3.39 EPS. The PNC Financial Services Group'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. Sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business 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. The ex-dividend date was Tuesday, July 15th. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The PNC Financial Services Group's dividend payout ratio is 46.51%.

Analysts Set New Price Targets

A number of brokerages recently commented on PNC. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price target for the company in a research note on Tuesday, July 8th. Citigroup raised their price target on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. Truist Financial raised their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. The Goldman Sachs Group raised their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price target for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.