1248 Management LLC Raises Stock Position in The PNC Financial Services Group, Inc $PNC

1248 Management LLC lifted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 155.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,985 shares of the financial services provider’s stock after purchasing an additional 7,902 shares during the period. The PNC Financial Services Group comprises approximately 0.9% of 1248 Management LLC’s holdings, making the stock its 17th biggest holding. 1248 Management LLC’s holdings in The PNC Financial Services Group were worth $2,282,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Kestra Investment Management LLC increased its stake in shares of The PNC Financial Services Group by 11.4% during the 1st quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 58 shares in the last quarter. PKS Advisory Services LLC boosted its holdings in shares of The PNC Financial Services Group by 3.2% in the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 60 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in shares of The PNC Financial Services Group by 0.5% during the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 66 shares in the last quarter. Finally, Calton & Associates Inc. lifted its holdings in shares of The PNC Financial Services Group by 1.8% during the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 66 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Stock Up 0.5%

PNC stock opened at $202.81 on Friday. The PNC Financial Services Group, Inc has a 12 month low of $145.12 and a 12 month high of $216.26. The firm has a market cap of $79.87 billion, a PE ratio of 13.87, a P/E/G ratio of 1.49 and a beta of 1.11. The firm has a 50 day simple moving average of $196.74 and a 200 day simple moving average of $180.41. 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 (NYSE:PNC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. 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. Equities research analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio is presently 46.51%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Truist Financial upped their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the company a “hold” rating in a research note on Wednesday, July 9th. Citigroup upped their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. The Goldman Sachs Group boosted 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 research report on Wednesday, July 2nd. Finally, Morgan Stanley boosted their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.67.

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.