United Services Automobile Association Purchases Shares of 8,920 The PNC Financial Services Group, Inc $PNC

Key Points

• United Services Automobile Association has acquired 8,920 shares of The PNC Financial Services Group, Inc, valued at approximately $1.53 million, indicating institutional interest in the financial services provider.
• Several analysts have recently upgraded their ratings on PNC, with Citigroup raising its price target from $205 to $217 and Oppenheimer from a "market perform" to an "outperform" rating with a target of $238.
• The PNC Financial Services Group recently declared a quarterly dividend of $1.70 per share, up from the previous $1.60, reflecting a positive outlook for shareholders with a yield of 3.3%.

United Services Automobile Association purchased a new stake in The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,920 shares of the financial services provider's stock, valued at approximately $1,533,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PNC. Saudi Central Bank purchased a new position in The PNC Financial Services Group during the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its position in 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 worth $34,000 after purchasing an additional 65 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in The PNC Financial Services Group during the 1st quarter worth approximately $35,000. WPG Advisers LLC purchased a new position in The PNC Financial Services Group during the 1st quarter worth approximately $36,000. Finally, REAP Financial Group LLC grew its position in The PNC Financial Services Group by 67.2% during 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. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PNC. Citigroup boosted their price target on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Oppenheimer upgraded shares of 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 report on Wednesday, July 30th. Truist Financial boosted their price target 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. The Goldman Sachs Group boosted their price target on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. Finally, TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They set a "buy" rating and a $233.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $214.17.

The PNC Financial Services Group Stock Down 1.4%

PNC stock opened at $204.51 on Monday. 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 PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The company has a 50-day moving average of $195.96 and a two-hundred day moving average of $179.90. The stock has a market capitalization of $80.54 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.11.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $5.61 billion. During the same period in the prior year, the company earned $3.39 earnings per share. The business'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 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders 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 yield of 3.3%. This is a positive change 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 currently 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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