Naples Global Advisors LLC Invests $203,000 in The PNC Financial Services Group, Inc $PNC

Naples Global Advisors LLC purchased a new stake in The PNC Financial Services Group, Inc (NYSE:PNC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,087 shares of the financial services provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 984 shares during the last quarter. RFG Advisory LLC bought a new stake in The PNC Financial Services Group in the 1st quarter valued at about $225,000. Apella Capital LLC acquired a new position in The PNC Financial Services Group during the 1st quarter worth approximately $266,000. Portside Wealth Group LLC boosted its holdings in The PNC Financial Services Group by 48.0% in the first quarter. Portside Wealth Group LLC now owns 1,874 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 608 shares in the last quarter. Finally, Breakwater Capital Group boosted its holdings in The PNC Financial Services Group by 14.7% in the first quarter. Breakwater Capital Group now owns 4,683 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 599 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Bank of America lifted their price target on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Evercore ISI boosted their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday. Citigroup raised their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Truist Financial boosted their target price on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.11.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $198.54 on Friday. The company has a fifty day moving average price of $198.66 and a 200-day moving average price of $182.96. The firm has a market cap of $78.19 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.46 and a beta of 1.10. 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 1 year low of $145.12 and a 1 year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share 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 business 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 company earned $3.39 earnings per share. The firm’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. As a group, equities research analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s payout ratio is presently 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.