The PNC Financial Services Group, Inc $PNC Stock Holdings Lowered by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,338 shares of the financial services provider’s stock after selling 103 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PNC. Saudi Central Bank bought a new stake in shares of The PNC Financial Services Group in the 1st quarter worth approximately $27,000. Cornerstone Planning Group LLC lifted its position 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 acquiring an additional 65 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $35,000. WPG Advisers LLC purchased a new stake in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $41,000. 83.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PNC has been the topic of several research reports. Citigroup upped 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. UBS Group increased their price target on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday. Truist Financial increased their price target on shares of 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. Evercore ISI increased their price target on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Finally, Stephens restated an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.21.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock opened at $183.72 on Friday. 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 fifty-two week low of $145.12 and a fifty-two week high of $216.26. The firm has a fifty day moving average price of $198.64 and a two-hundred day moving average price of $183.52. The company has a market cap of $72.35 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.51%.

The PNC Financial Services Group 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.