The PNC Financial Services Group, Inc $PNC Shares Bought by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in The PNC Financial Services Group by 40.4% during Q1, now owning 33,450 shares valued at approximately $5.88 million.
• Multiple analysts have upgraded their price targets for The PNC Financial Services Group, with an average target now at $213.67 and an overall rating of "Moderate Buy".
• The company declared a quarterly dividend of $1.70 per share, marking an increase from the previous dividend of $1.60 and resulting in an annualized yield of 3.4%.

Woodline Partners LP lifted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,450 shares of the financial services provider's stock after acquiring an additional 9,622 shares during the period. Woodline Partners LP's holdings in The PNC Financial Services Group were worth $5,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC raised its position in shares of The PNC Financial Services Group by 11.4% during the 1st quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 58 shares in the last quarter. PKS Advisory Services LLC raised its position in shares of The PNC Financial Services Group by 3.2% during the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider's stock valued at $332,000 after acquiring an additional 60 shares in the last quarter. Cornerstone Planning Group LLC raised its position 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 valued at $34,000 after acquiring an additional 65 shares in the last quarter. WealthPLAN Partners LLC raised its position in shares of The PNC Financial Services Group by 0.5% during the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider's stock valued at $2,220,000 after acquiring an additional 66 shares in the last quarter. Finally, Calton & Associates Inc. raised its position in shares of The PNC Financial Services Group by 1.8% during the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider's stock valued at $644,000 after acquiring an additional 66 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PNC. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Citigroup increased their target price on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and increased their target price for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Wall Street Zen raised The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $213.67.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $202.15 on Friday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. 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 business's fifty day moving average price is $196.88 and its two-hundred day moving average price is $180.52. The firm has a market capitalization of $79.61 billion, a PE ratio of 13.83, a P/E/G ratio of 1.50 and a beta of 1.11.

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, beating analysts' consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates 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 company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

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

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.

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