Morningstar Investment Management LLC Acquires Shares of 3,567 The PNC Financial Services Group, Inc $PNC

Morningstar Investment Management LLC acquired a new stake in The PNC Financial Services Group, Inc (NYSE:PNC) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,567 shares of the financial services provider’s stock, valued at approximately $665,000.

Several other institutional investors also recently bought and sold shares of the business. RFG Advisory LLC grew its holdings in The PNC Financial Services Group by 8.7% in the second quarter. RFG Advisory LLC now owns 1,389 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 111 shares during the period. Axxcess Wealth Management LLC increased its stake in The PNC Financial Services Group by 12.8% during the 2nd quarter. Axxcess Wealth Management LLC now owns 7,201 shares of the financial services provider’s stock worth $1,342,000 after buying an additional 819 shares in the last quarter. NorthRock Partners LLC increased its stake in The PNC Financial Services Group by 42.5% during the 2nd quarter. NorthRock Partners LLC now owns 5,933 shares of the financial services provider’s stock worth $1,106,000 after buying an additional 1,770 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in The PNC Financial Services Group by 20.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,980 shares of the financial services provider’s stock worth $2,606,000 after buying an additional 2,361 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in The PNC Financial Services Group by 14.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 29,508 shares of the financial services provider’s stock worth $5,501,000 after buying an additional 3,667 shares in the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PNC. Citigroup boosted their price objective on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Evercore ISI boosted their price objective on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Bank of America boosted their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $218.21.

The PNC Financial Services Group Price Performance

PNC stock opened at $187.13 on Tuesday. 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 business has a 50 day simple moving average of $198.60 and a 200-day simple moving average of $183.73. The firm has a market capitalization of $73.69 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. 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 posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

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