Resources Management Corp CT ADV Grows Stock Holdings in The PNC Financial Services Group, Inc $PNC

Resources Management Corp CT ADV grew its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,604 shares of the financial services provider’s stock after buying an additional 260 shares during the quarter. Resources Management Corp CT ADV’s holdings in The PNC Financial Services Group were worth $5,555,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PNC. PKS Advisory Services LLC lifted its position in shares of The PNC Financial Services Group by 3.2% during the first quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 60 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in The PNC Financial Services Group by 50.8% in 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. WealthPLAN Partners LLC boosted its position in The PNC Financial Services Group by 0.5% in the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider’s stock valued at $2,220,000 after buying an additional 66 shares during the last quarter. Calton & Associates Inc. grew its stake in shares of The PNC Financial Services Group by 1.8% during the first quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 66 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of The PNC Financial Services Group by 13.8% during the first quarter. Y.D. More Investments Ltd now owns 559 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 68 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on PNC. 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. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. The Goldman Sachs Group boosted their price target 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. Truist Financial boosted their price target on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a research note on Tuesday, July 8th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $214.17.

The PNC Financial Services Group Trading Down 1.4%

Shares of NYSE PNC opened at $204.51 on Friday. The stock’s 50 day moving average price is $195.96 and its two-hundred day moving average price is $179.98. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The stock has a market capitalization of $80.54 billion, a P/E ratio of 13.99, a PEG ratio of 1.51 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data 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 return on equity of 11.07% and a net margin of 18.33%.The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The PNC Financial Services Group’s revenue for the quarter 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. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a yield of 3.3%. The PNC Financial Services Group’s payout ratio is currently 46.51%.

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.