Campbell & CO Investment Adviser LLC lifted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 363.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,445 shares of the financial services provider's stock after buying an additional 30,926 shares during the quarter. The PNC Financial Services Group makes up 0.5% of Campbell & CO Investment Adviser LLC's holdings, making the stock its 10th largest holding. Campbell & CO Investment Adviser LLC's holdings in The PNC Financial Services Group were worth $6,933,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake 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 during the period. REAP Financial Group LLC raised its holdings 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 valued at $38,000 after purchasing an additional 80 shares in the last quarter. True Wealth Design LLC lifted its position in shares of The PNC Financial Services Group by 41.5% in the 4th quarter. True Wealth Design LLC now owns 201 shares of the financial services provider's stock worth $39,000 after purchasing an additional 59 shares during the period. Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group during the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in The PNC Financial Services Group during the first quarter valued at about $41,000. Hedge funds and other institutional investors own 83.53% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on PNC shares. Morgan Stanley raised their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. TD Cowen assumed coverage on shares of The PNC Financial Services Group in a research note on Thursday, May 15th. They issued a "buy" rating and a $233.00 target price for the company. The Goldman Sachs Group upped their target price 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. 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. Finally, Truist Financial upped their price objective on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a "hold" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $214.17.
Get Our Latest Report on The PNC Financial Services Group
The PNC Financial Services Group Stock Performance
NYSE PNC traded down $0.32 on Thursday, reaching $205.72. 1,924,745 shares of the company's stock traded hands, compared to its average volume of 2,306,044. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week 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 $81.02 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.51 and a beta of 1.09. The stock has a 50 day moving average price of $192.49 and a 200-day moving average price of $179.59.
The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share 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 PNC Financial Services Group's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.
The PNC Financial Services Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, July 15th. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is presently 46.51%.
The PNC Financial Services Group Company Profile
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Free Report)
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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