Faithward Advisors LLC Increases Holdings in The PNC Financial Services Group, Inc $PNC

Faithward Advisors LLC lifted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,644 shares of the financial services provider’s stock after purchasing an additional 118 shares during the quarter. Faithward Advisors LLC’s holdings in The PNC Financial Services Group were worth $816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. MBB Public Markets I LLC bought a new stake in shares of The PNC Financial Services Group during the 1st quarter valued at $320,000. Ascent Group LLC raised its stake in shares of The PNC Financial Services Group by 29.8% during the 1st quarter. Ascent Group LLC now owns 10,790 shares of the financial services provider’s stock valued at $1,897,000 after purchasing an additional 2,479 shares during the period. United Services Automobile Association purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth $1,533,000. Caxton Associates LLP purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth $1,751,000. Finally, Sciencast Management LP purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth $3,618,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Stock Down 0.3%

NYSE PNC opened at $203.71 on Tuesday. 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 stock has a market capitalization of $80.22 billion, a PE ratio of 13.93, a PEG ratio of 1.51 and a beta of 1.11. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The business’s 50-day moving average is $196.30 and its 200 day moving average is $180.01.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.29. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current 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 given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend 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 presently 46.51%.

Analysts Set New Price Targets

PNC has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Truist Financial raised their price target on 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. Wolfe Research restated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. TD Cowen assumed coverage on The PNC Financial Services Group in a research report on Thursday, May 15th. They set a “buy” rating and a $233.00 price target on the stock. Finally, Morgan Stanley raised their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $214.17.

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.