The PNC Financial Services Group, Inc $PNC Shares Acquired by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. increased its stake in The PNC Financial Services Group by 5.9% in Q2, now owning 43,727 shares valued at approximately $8.15 million.
• The PNC Financial Services Group reported an earnings per share of $3.85 for the most recent quarter, exceeding analyst expectations by $0.29.
• The firm has declared a quarterly dividend of $1.70 per share, with an annualized yield of 3.4%, set to be paid on November 5th.

QRG Capital Management Inc. raised its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,727 shares of the financial services provider's stock after purchasing an additional 2,438 shares during the quarter. QRG Capital Management Inc.'s holdings in The PNC Financial Services Group were worth $8,152,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in The PNC Financial Services Group by 4.5% in the second quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider's stock valued at $226,000 after acquiring an additional 52 shares in the last quarter. Rockland Trust Co. raised its stake in shares of The PNC Financial Services Group by 0.5% in the 2nd quarter. Rockland Trust Co. now owns 10,499 shares of the financial services provider's stock valued at $1,957,000 after purchasing an additional 53 shares in the last quarter. Kestra Investment Management LLC lifted its position in shares of The PNC Financial Services Group by 11.4% during the first quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider's stock worth $99,000 after purchasing an additional 58 shares during the last quarter. Bank of Stockton grew its stake in The PNC Financial Services Group by 1.2% in the second quarter. Bank of Stockton now owns 4,849 shares of the financial services provider's stock worth $904,000 after purchasing an additional 58 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its holdings in The PNC Financial Services Group by 2.2% in the second quarter. Venture Visionary Partners LLC now owns 2,677 shares of the financial services provider's stock valued at $499,000 after buying an additional 58 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PNC has been the topic of a number of research analyst reports. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Bank of America lifted their price objective on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Stephens reissued an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Finally, Piper Sandler lifted their price target on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average target price of $217.11.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $198.54 on Monday. The company has a 50-day moving average price of $198.66 and a two-hundred day moving average price of $183.09. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The stock has a market cap of $78.19 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. 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 (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $5.61 billion. During the same quarter in the previous year, the company posted $3.39 earnings per share. The business's revenue for the quarter 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. Analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.51%.

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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