Vest Financial LLC Increases Stock Holdings in The PNC Financial Services Group, Inc $PNC

Vest Financial LLC increased its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 120.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,739 shares of the financial services provider’s stock after purchasing an additional 60,410 shares during the period. Vest Financial LLC’s holdings in The PNC Financial Services Group were worth $20,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PNC. Saudi Central Bank purchased a new stake in The PNC Financial Services Group during the first quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in The PNC Financial Services Group by 50.8% during the first 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 during the period. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group during the first quarter valued at about $35,000. WPG Advisers LLC purchased a new stake in The PNC Financial Services Group during the first quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in The PNC Financial Services Group during the first quarter valued at about $41,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $187.13 on Tuesday. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The business has a 50-day moving average of $198.60 and a 200-day moving average of $183.73. 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 company has a market capitalization of $73.69 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 1.28 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly 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 analysts’ expectations of $5.61 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company’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. On average, equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be paid a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. The PNC Financial Services Group’s payout ratio is 46.51%.

Wall Street Analyst Weigh In

PNC has been the subject of a number of research reports. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Oppenheimer lowered 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 research report on Tuesday, September 23rd. Bank of America boosted their price target on 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. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.