The PNC Financial Services Group, Inc $PNC Shares Acquired by Shell Asset Management Co.

Shell Asset Management Co. increased its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 76.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,791 shares of the financial services provider's stock after acquiring an additional 7,301 shares during the quarter. Shell Asset Management Co.'s holdings in The PNC Financial Services Group were worth $3,130,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PNC. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group during the 1st quarter worth $27,000. Cornerstone Planning Group LLC raised its stake in The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in The PNC Financial Services Group in the 1st quarter valued at about $35,000. WPG Advisers LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of The PNC Financial Services Group during the 1st quarter valued at about $41,000. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock opened at $193.98 on Wednesday. The stock has a market cap of $76.39 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.44 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 stock has a 50 day moving average of $198.71 and a 200-day moving average of $183.33. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results 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 company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PNC shares. Raymond James Financial boosted their target price on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, September 19th. Piper Sandler upped their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. UBS Group upped their price target on The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a "buy" rating in a report on Tuesday. Oppenheimer decreased their price target on The PNC Financial Services Group from $238.00 to $235.00 and set an "outperform" rating for the company in a report on Tuesday, September 23rd. Finally, Wolfe Research restated a "peer perform" rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $217.74.

The PNC Financial Services Group Company 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.

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