Commerzbank Aktiengesellschaft FI Has $1.97 Million Stock Holdings in The PNC Financial Services Group, Inc $PNC

Commerzbank Aktiengesellschaft FI increased its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 24.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,545 shares of the financial services provider’s stock after acquiring an additional 2,045 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in The PNC Financial Services Group were worth $1,966,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PNC. Ignite Planners LLC lifted its stake 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 valued at $262,000 after buying an additional 126 shares during the period. Exane Asset Management lifted its stake in The PNC Financial Services Group by 32.9% in the first quarter. Exane Asset Management now owns 149,783 shares of the financial services provider’s stock valued at $28,434,000 after buying an additional 37,110 shares during the period. Smith Salley Wealth Management lifted its stake in The PNC Financial Services Group by 15.6% in 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 buying an additional 9,836 shares during the period. United Community Bank lifted its stake in The PNC Financial Services Group by 687.0% in the first quarter. United Community Bank now owns 12,325 shares of the financial services provider’s stock valued at $2,166,000 after buying an additional 10,759 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its stake 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 valued at $493,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 3.6%

Shares of The PNC Financial Services Group stock opened at $183.72 on Friday. The business’s 50 day simple moving average is $198.64 and its 200 day simple moving average is $183.52. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The firm has a market cap of $72.35 billion, a PE ratio of 12.57, a P/E/G ratio of 1.40 and a beta of 1.10. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the firm earned $3.39 EPS. 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 predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share 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 3.7%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PNC. Wells Fargo & Company increased their target price on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Stephens reissued an “equal weight” rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. 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. Morgan Stanley increased their target price on The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Finally, Evercore ISI raised their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.21.

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.