The PNC Financial Services Group, Inc $PNC Shares Bought by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 20.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,689 shares of the financial services provider's stock after acquiring an additional 1,323 shares during the period. Precedent Wealth Partners LLC's holdings in The PNC Financial Services Group were worth $1,433,000 at the end of the most recent reporting period.

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

The PNC Financial Services Group Stock Up 0.2%

Shares of The PNC Financial Services Group stock opened at $198.54 on Friday. The company has a fifty day moving average price of $198.66 and a 200 day moving average price of $182.96. 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 twelve month low of $145.12 and a twelve month 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 PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings data 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 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 net margin of 18.33% and a return on equity of 11.07%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group's dividend payout ratio is presently 46.51%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Piper Sandler upped their price objective 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. Wells Fargo & Company upped their price objective on The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an "overweight" rating in a report on Friday. Truist Financial upped their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a "hold" rating in a report on Wednesday, September 24th. Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. Finally, Citigroup upped their price target on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a "buy" rating in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $217.11.

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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