Acadian Asset Management LLC Grows Stock Holdings in The PNC Financial Services Group, Inc $PNC

Key Points

• Acadian Asset Management LLC significantly increased its holdings in The PNC Financial Services Group by 8,659.4% during the 1st quarter, now owning 26,979 shares valued at approximately $4.74 million.
• The company's stock price opened at $202.15, with a market capitalization of $79.61 billion and a price-to-earnings ratio of 13.83.
• The PNC Financial Services Group recently increased its quarterly dividend to $1.70 per share, yielding 3.4%, reflecting a positive change from the previous $1.60 dividend.

Acadian Asset Management LLC boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 8,659.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,979 shares of the financial services provider's stock after buying an additional 26,671 shares during the period. Acadian Asset Management LLC's holdings in The PNC Financial Services Group were worth $4,739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC. Saudi Central Bank acquired a new stake in shares of The PNC Financial Services Group during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC boosted its holdings 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 position in The PNC Financial Services Group in the first quarter worth approximately $35,000. WPG Advisers LLC acquired a new stake in The PNC Financial Services Group in the first quarter valued at approximately $36,000. Finally, REAP Financial Group LLC increased its holdings in shares of The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group Stock Performance

NYSE PNC traded up $0.72 during trading on Monday, hitting $202.70. 1,464,299 shares of the company's stock traded hands, compared to its average volume of 1,509,861. 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 stock has a market capitalization of $79.82 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.49 and a beta of 1.11. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The business has a 50 day moving average of $197.01 and a 200-day moving average of $180.50.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (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 company 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 firm posted $3.39 earnings per share. The company's quarterly revenue 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, equities research analysts anticipate 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 declared 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 a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 46.51%.

Analysts Set New Price Targets

PNC has been the topic of a number of analyst reports. Bank of America upped their target price on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their target price for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. The Goldman Sachs Group boosted their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Citigroup raised their target price on The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Finally, Stephens reissued an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and an average price target of $213.67.

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.