The PNC Financial Services Group, Inc Plans Quarterly Dividend of $1.70 (NYSE:PNC)

Key Points

• PNC Financial Services Group has declared a quarterly dividend of $1.70 per share, with an annualized yield of 3.4%, payable to investors of record on October 14th.
• The company has a payout ratio of 37.2%, indicating that its dividends are well covered by earnings, with expected earnings per share of $17.32 next year.
• As of the latest trading session, PNC stock traded at $197.64, down 0.4%, with a 52-week trading range between a low of $145.12 and a high of $216.26.

The PNC Financial Services Group, Inc (NYSE:PNC - Get Free Report) declared a quarterly dividend on Thursday, October 2nd, RTT News reports. Investors of record on Tuesday, October 14th will be given a dividend of 1.70 per share by the financial services provider on Wednesday, November 5th. This represents a c) dividend on an annualized basis and a yield of 3.4%.

The PNC Financial Services Group has a payout ratio of 37.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect The PNC Financial Services Group to earn $17.32 per share next year, which means the company should continue to be able to cover its $6.40 annual dividend with an expected future payout ratio of 37.0%.

The PNC Financial Services Group Trading Down 0.4%

PNC stock traded down $0.80 during trading on Thursday, reaching $197.64. The company had a trading volume of 261,623 shares, compared to its average volume of 2,195,384. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a market cap of $77.83 billion, a P/E ratio of 13.52, a PEG ratio of 1.48 and a beta of 1.11. The business has a 50 day moving average of $198.58 and a 200 day moving average of $182.62. 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 (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, topping 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 the consensus estimate of $5.61 billion. During the same period in the prior year, the firm earned $3.39 earnings per share. The PNC Financial Services Group's revenue 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. As a group, sell-side analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On The PNC Financial Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMG Wealth Management Inc. purchased a new stake in The PNC Financial Services Group in the second quarter worth approximately $27,000. Saudi Central Bank purchased a new stake in The PNC Financial Services Group in the first quarter worth approximately $27,000. Concord Wealth Partners boosted its holdings in The PNC Financial Services Group by 144.9% in the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. 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 purchasing an additional 65 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in The PNC Financial Services Group in the second quarter worth approximately $37,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

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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