ZWJ Investment Counsel Inc. Sells 369 Shares of The PNC Financial Services Group, Inc $PNC

ZWJ Investment Counsel Inc. lowered its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,361 shares of the financial services provider’s stock after selling 369 shares during the period. ZWJ Investment Counsel Inc.’s holdings in The PNC Financial Services Group were worth $999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Precedent Wealth Partners LLC increased its position in shares of The PNC Financial Services Group by 20.8% during the second quarter. Precedent Wealth Partners LLC now owns 7,689 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 1,323 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of The PNC Financial Services Group by 8.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,263 shares of the financial services provider’s stock worth $9,556,000 after acquiring an additional 4,142 shares during the period. Jmac Enterprises LLC increased its position in shares of The PNC Financial Services Group by 1.4% during the second quarter. Jmac Enterprises LLC now owns 7,400 shares of the financial services provider’s stock worth $1,380,000 after acquiring an additional 100 shares during the period. Kennebec Savings Bank increased its position in shares of The PNC Financial Services Group by 6.0% during the second quarter. Kennebec Savings Bank now owns 3,370 shares of the financial services provider’s stock worth $628,000 after acquiring an additional 192 shares during the period. Finally, Naples Global Advisors LLC purchased a new position in shares of The PNC Financial Services Group during the second quarter worth approximately $203,000. Institutional investors own 83.53% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PNC shares. Evercore ISI lifted their price objective on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a report on Monday, September 29th. Finally, Stephens reissued an “equal weight” rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $217.11.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $198.54 on Friday. The firm has a market capitalization of $78.19 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. 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 1-year low of $145.12 and a 1-year high of $216.26. The company’s fifty day moving average price is $198.66 and its 200-day moving average price is $182.96.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be given a dividend of $1.70 per share. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The PNC Financial Services Group’s payout ratio is currently 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.