The PNC Financial Services Group, Inc $PNC Shares Sold by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC lowered its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,542 shares of the financial services provider’s stock after selling 51 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in The PNC Financial Services Group were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Orrstown Financial Services Inc. lifted its stake in shares of The PNC Financial Services Group by 7.4% during the second quarter. Orrstown Financial Services Inc. now owns 9,249 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 635 shares in the last quarter. Kaufman Rossin Wealth LLC increased its holdings in The PNC Financial Services Group by 23.4% in the second quarter. Kaufman Rossin Wealth LLC now owns 4,643 shares of the financial services provider’s stock valued at $866,000 after buying an additional 881 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in The PNC Financial Services Group by 49.9% in the second quarter. Farther Finance Advisors LLC now owns 9,695 shares of the financial services provider’s stock valued at $1,807,000 after buying an additional 3,228 shares during the last quarter. CX Institutional increased its holdings in The PNC Financial Services Group by 9.5% in the second quarter. CX Institutional now owns 2,865 shares of the financial services provider’s stock valued at $534,000 after buying an additional 249 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of The PNC Financial Services Group by 0.6% during the second quarter. UMB Bank n.a. now owns 14,983 shares of the financial services provider’s stock valued at $2,793,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PNC. Morgan Stanley upped their target price on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Wolfe Research restated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. Truist Financial increased their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, Stephens reissued an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $213.94.

The PNC Financial Services Group Stock Down 0.4%

Shares of PNC opened at $205.53 on Monday. The company has a market capitalization of $80.94 billion, a P/E ratio of 14.06, a PEG ratio of 1.52 and a beta of 1.11. 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 one year low of $145.12 and a one year high of $216.26. The business’s 50 day simple moving average is $197.54 and its 200-day simple moving average is $181.11.

The PNC Financial Services Group (NYSE:PNC) last announced its 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 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 the consensus estimate of $5.61 billion. During the same period in the previous year, the business earned $3.39 EPS. The PNC Financial Services Group’s revenue 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, sell-side analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend 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.