The PNC Financial Services Group, Inc $PNC Shares Acquired by Powers Advisory Group LLC

Powers Advisory Group LLC grew its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,506 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Powers Advisory Group LLC’s holdings in The PNC Financial Services Group were worth $281,000 as of its most recent SEC filing.

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

The PNC Financial Services Group Price Performance

PNC stock opened at $200.90 on Wednesday. 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 business has a 50 day simple moving average of $198.56 and a 200-day simple moving average of $182.51. The firm has a market capitalization of $79.12 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. 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 posted its quarterly 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 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 business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

PNC has been the subject of a number of analyst reports. Oppenheimer reduced their price target on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, September 23rd. Raymond James Financial upped their price target on 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. Truist Financial upped their price target on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Bank of America increased their target price on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus 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.