Bartlett & CO. Wealth Management LLC Sells 87 Shares of The PNC Financial Services Group, Inc $PNC

Bartlett & CO. Wealth Management LLC decreased its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 0.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,780 shares of the financial services provider’s stock after selling 87 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in The PNC Financial Services Group were worth $1,823,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PNC. Brighton Jones LLC raised its position in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 984 shares in the last quarter. NBC Securities Inc. grew its stake in The PNC Financial Services Group by 126,475.0% in the first quarter. NBC Securities Inc. now owns 5,063 shares of the financial services provider’s stock valued at $890,000 after purchasing an additional 5,059 shares during the last quarter. Merit Financial Group LLC grew its stake in The PNC Financial Services Group by 59.2% in the first quarter. Merit Financial Group LLC now owns 17,760 shares of the financial services provider’s stock valued at $3,122,000 after purchasing an additional 6,603 shares during the last quarter. RFG Advisory LLC bought a new position in The PNC Financial Services Group in the first quarter worth about $225,000. Finally, Apella Capital LLC purchased a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $266,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $198.64 on Thursday. The company has a market cap of $78.23 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.48 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 stock’s fifty day moving average price is $198.58 and its 200 day moving average price is $182.62. 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 issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PNC has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price target for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer decreased their price objective 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. Morgan Stanley raised their price objective on The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an “underweight” rating in a research report on Monday. Finally, Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.56.

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.