Brookmont Capital Management Cuts Stake in The PNC Financial Services Group, Inc $PNC

Brookmont Capital Management lessened its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 3.8% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,588 shares of the financial services provider’s stock after selling 496 shares during the quarter. The PNC Financial Services Group accounts for about 1.3% of Brookmont Capital Management’s investment portfolio, making the stock its 25th largest holding. Brookmont Capital Management’s holdings in The PNC Financial Services Group were worth $2,347,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ignite Planners LLC boosted its holdings in The PNC Financial Services Group by 8.4% in the first quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 126 shares during the period. Exane Asset Management raised its stake in shares of The PNC Financial Services Group by 32.9% during the first quarter. Exane Asset Management now owns 149,783 shares of the financial services provider’s stock valued at $28,434,000 after purchasing an additional 37,110 shares in the last quarter. Smith Salley Wealth Management raised its stake in shares of The PNC Financial Services Group by 15.6% during the first quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider’s stock valued at $12,804,000 after purchasing an additional 9,836 shares in the last quarter. United Community Bank raised its stake in shares of The PNC Financial Services Group by 687.0% during the first quarter. United Community Bank now owns 12,325 shares of the financial services provider’s stock valued at $2,166,000 after purchasing an additional 10,759 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in The PNC Financial Services Group by 4.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 1.1%

Shares of The PNC Financial Services Group stock opened at $198.64 on Thursday. The firm has a market cap of $78.23 billion, a price-to-earnings ratio of 13.59, a P/E/G ratio of 1.48 and a beta of 1.11. 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 stock has a 50-day simple moving average of $198.58 and a 200-day simple moving average of $182.62.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results 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 business had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

PNC has been the topic of several research reports. Piper Sandler boosted their price target on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Truist Financial lifted their price target on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research note on Wednesday, September 24th. Oppenheimer dropped their price target on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.56.

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.