Wealth Enhancement Advisory Services LLC Has $64.14 Million Position in The PNC Financial Services Group, Inc $PNC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in The PNC Financial Services Group by 17.2% in Q2, now owning 326,284 shares valued at approximately $64.1 million.
• Analyst ratings for PNC have been generally positive, with upgrades from several firms, including a price target increase from $200.00 to $211.00 by Piper Sandler, contributing to a consensus rating of "Moderate Buy."
• The PNC Financial Services Group recently increased its quarterly dividend to $1.70 from $1.60, reflecting a commitment to returning value to shareholders.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 17.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,284 shares of the financial services provider's stock after buying an additional 47,880 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.08% of The PNC Financial Services Group worth $64,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $27,000. Cornerstone Planning Group LLC increased its stake 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 buying an additional 65 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group during the 1st quarter worth approximately $35,000. WPG Advisers LLC purchased a new stake in The PNC Financial Services Group during the 1st quarter worth approximately $36,000. Finally, REAP Financial Group LLC grew its position in shares of 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 valued at $38,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock traded down $0.74 on Friday, hitting $205.53. The company had a trading volume of 3,001,178 shares, compared to its average volume of 1,444,857. The business has a 50-day simple moving average of $197.54 and a 200-day simple moving average of $181.09. 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 company has a market cap of $80.94 billion, a PE ratio of 14.06, a PEG ratio of 1.52 and a beta of 1.11. 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 issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is currently 46.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Raymond James Financial upped their price target on The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Bank of America raised their price target on 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. Morgan Stanley raised their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Finally, Truist Financial lifted 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 research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of "Moderate Buy" and a consensus 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.