Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in The PNC Financial Services Group, Inc $PNC

Vanguard Personalized Indexing Management LLC boosted its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 25.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 53,855 shares of the financial services provider’s stock after buying an additional 10,971 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in The PNC Financial Services Group were worth $10,043,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ignite Planners LLC increased its stake in The PNC Financial Services Group by 8.4% during the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider’s stock worth $262,000 after buying an additional 126 shares in the last quarter. Exane Asset Management grew its position in shares of The PNC Financial Services Group by 32.9% in the first quarter. Exane Asset Management now owns 149,783 shares of the financial services provider’s stock valued at $28,434,000 after purchasing an additional 37,110 shares in the last quarter. Smith Salley Wealth Management grew its position in shares of The PNC Financial Services Group by 15.6% in the first quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider’s stock valued at $12,804,000 after purchasing an additional 9,836 shares in the last quarter. United Community Bank grew its position in shares of The PNC Financial Services Group by 687.0% in the first quarter. United Community Bank now owns 12,325 shares of the financial services provider’s stock valued at $2,166,000 after purchasing an additional 10,759 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in shares of The PNC Financial Services Group by 4.5% in the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 120 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

The PNC Financial Services Group Trading Down 3.6%

PNC opened at $183.72 on Monday. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The stock has a market capitalization of $72.35 billion, a PE ratio of 12.57, a P/E/G ratio of 1.28 and a beta of 1.10. The business’s 50 day moving average price is $198.64 and its 200 day moving average price is $183.62. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating 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 period in the prior year, the firm posted $3.39 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio is 46.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PNC shares. Wells Fargo & Company upped their price target on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Bank of America upped 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. Morgan Stanley upped their price target on The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Truist Financial upped their price target on The PNC Financial Services Group from $201.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, September 24th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Wednesday, October 8th. One investment 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 stock. Based on data from MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and a consensus price target of $218.21.

About The PNC Financial Services Group

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.