Keudell Morrison Wealth Management Has $505,000 Stock Holdings in The PNC Financial Services Group, Inc $PNC

Keudell Morrison Wealth Management grew its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 33.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,710 shares of the financial services provider’s stock after buying an additional 677 shares during the quarter. Keudell Morrison Wealth Management’s holdings in The PNC Financial Services Group were worth $505,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PNC. Saudi Central Bank acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at $27,000. Cornerstone Planning Group LLC increased its stake in shares of The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after buying an additional 65 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at $35,000. WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of The PNC Financial Services Group in the first quarter valued at $41,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $198.54 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The stock has a market cap of $78.19 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The stock’s 50-day moving average price is $198.66 and its two-hundred day moving average price is $183.03.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the business earned $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 predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be issued 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 dividend payout ratio (DPR) is 46.51%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PNC shares. Stephens reiterated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Piper Sandler lifted their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company lifted their price objective on The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, The Goldman Sachs Group lifted their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and an average price target of $217.11.

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.