The PNC Financial Services Group, Inc $PNC Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its holdings in The PNC Financial Services Group by 6.3%, bringing its total to 96,690 shares valued at $18,025,000.
• Recently, several institutional investors, including the Saudi Central Bank and Cornerstone Planning Group, have made new purchases or increased their stakes in PNC, with institutional ownership now at 83.53%.
• PNC Financial Services reported $3.85 EPS for the last quarter, exceeding estimates, and also announced an increase in its quarterly dividend to $1.70 per share, reflecting strong financial performance.

Czech National Bank increased its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,690 shares of the financial services provider's stock after purchasing an additional 5,750 shares during the quarter. Czech National Bank's holdings in The PNC Financial Services Group were worth $18,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Saudi Central Bank bought a new position in The PNC Financial Services Group in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its position in shares of 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 worth $34,000 after purchasing an additional 65 shares in the last quarter. REAP Financial Group LLC boosted its position in shares of The PNC Financial Services Group by 67.2% in the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after purchasing an additional 80 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of The PNC Financial Services Group in the 1st quarter worth $35,000. Finally, WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group in the 1st quarter worth $36,000. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Trading Down 0.4%

Shares of PNC stock traded down $0.74 during trading on Friday, hitting $205.53. 3,001,178 shares of the stock traded hands, compared to its average volume of 1,444,857. The firm has a market capitalization of $80.94 billion, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. 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 firm's fifty day moving average price is $197.54 and its 200-day moving average price is $181.09. 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 quarterly 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 PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the company earned $3.39 EPS. 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. As a group, 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PNC shares. Truist Financial raised their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a research report on Wednesday, July 9th. Bank of America raised their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Citigroup raised their price objective 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. Stephens restated an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Finally, Wall Street Zen upgraded The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and an average price target of $213.94.

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.