The PNC Financial Services Group, Inc $PNC Position Increased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,123 shares of the financial services provider’s stock after buying an additional 100 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in The PNC Financial Services Group were worth $6,361,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PNC. Concord Wealth Partners lifted its position in shares of The PNC Financial Services Group by 144.9% in the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in The PNC Financial Services Group by 6.7% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,432 shares of the financial services provider’s stock valued at $3,063,000 after purchasing an additional 1,026 shares during the period. Vest Financial LLC lifted its holdings in shares of The PNC Financial Services Group by 120.0% in the second quarter. Vest Financial LLC now owns 110,739 shares of the financial services provider’s stock valued at $20,644,000 after purchasing an additional 60,410 shares in the last quarter. MGO One Seven LLC boosted its position in shares of The PNC Financial Services Group by 5.2% in the second quarter. MGO One Seven LLC now owns 22,737 shares of the financial services provider’s stock worth $4,239,000 after buying an additional 1,124 shares during the period. Finally, Welch Group LLC grew its holdings in shares of The PNC Financial Services Group by 5.3% during the second quarter. Welch Group LLC now owns 2,976 shares of the financial services provider’s stock valued at $555,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $187.13 on Tuesday. 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 firm has a market cap of $73.69 billion, a PE ratio of 12.80, a PEG ratio of 1.28 and a beta of 1.10. The firm’s 50 day moving average price is $198.60 and its 200 day moving average price is $183.73. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The company 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 PNC Financial Services Group’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts expect that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.6%. The PNC Financial Services Group’s payout ratio is currently 46.51%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PNC. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Stephens restated an “equal weight” rating and set a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Raymond James Financial boosted their price objective on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Bank of America increased their target price on shares of The PNC Financial Services Group from $223.00 to $226.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Piper Sandler raised shares of The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $211.00 to $220.00 in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $218.21.

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.