PFG Investments LLC Purchases 480 Shares of The PNC Financial Services Group, Inc $PNC

PFG Investments LLC raised its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 12.0% during the second quarter, HoldingsChannel.com reports. The firm owned 4,492 shares of the financial services provider’s stock after acquiring an additional 480 shares during the quarter. PFG Investments LLC’s holdings in The PNC Financial Services Group were worth $837,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PNC. Saudi Central Bank acquired a new stake in The PNC Financial Services Group during the 1st quarter worth $27,000. Cornerstone Planning Group LLC lifted its stake in shares of 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 valued at $34,000 after purchasing an additional 65 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter worth $35,000. WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at about $41,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. The Goldman Sachs Group raised their target price 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. Oppenheimer cut their price target on shares of 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. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their price target for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Raymond James Financial raised their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average price target of $216.56.

The PNC Financial Services Group Stock Performance

Shares of PNC opened at $198.17 on Friday. The PNC Financial Services Group, Inc has a 12 month low of $145.12 and a 12 month high of $216.26. The firm has a fifty day simple moving average of $198.61 and a 200 day simple moving average of $182.79. The stock has a market capitalization of $78.04 billion, a price-to-earnings ratio of 13.55, a PEG ratio of 1.46 and a beta of 1.10. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same period in the previous year, the firm posted $3.39 EPS. The company’s revenue for the quarter 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. Research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The PNC Financial Services Group’s dividend payout ratio is 46.51%.

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.