The PNC Financial Services Group, Inc $PNC Stake Raised by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC increased its stake in The PNC Financial Services Group by 31.6% during the 2nd quarter, now holding 49,942 shares valued at approximately $9.31 million.
• PNC recently declared a quarterly dividend of $1.70 per share, representing a 3.4% dividend yield and an increase from the previous dividend of $1.60.
• Analysts have upgraded PNC's stock with a consensus rating of "Moderate Buy" and a price target averaging around $213.67, following several positive adjustments in recent research reports.

Pallas Capital Advisors LLC boosted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 31.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,942 shares of the financial services provider's stock after acquiring an additional 11,984 shares during the quarter. Pallas Capital Advisors LLC's holdings in The PNC Financial Services Group were worth $9,310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Saudi Central Bank bought a new stake in The PNC Financial Services Group in the first quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock worth $34,000 after acquiring an additional 65 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group in the first quarter worth about $35,000. WPG Advisers LLC bought a new stake in The PNC Financial Services Group in the first quarter worth about $36,000. Finally, REAP Financial Group LLC raised its position in The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock worth $38,000 after acquiring an additional 80 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PNC. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and boosted their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Morgan Stanley lifted their price target on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Raymond James Financial raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price target on the stock in a research note on Tuesday, July 8th. Wolfe Research reissued a "peer perform" rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Finally, Oppenheimer raised The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price target on the stock in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $213.67.

The PNC Financial Services Group Stock Down 0.7%

PNC opened at $200.95 on Wednesday. The business has a 50 day moving average price of $197.06 and a 200 day moving average price of $180.64. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $79.14 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period in the previous year, the company earned $3.39 EPS. The company's revenue for the quarter was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts forecast 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 boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is presently 46.51%.

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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