Davis Rea LTD. Acquires 184 Shares of The PNC Financial Services Group, Inc $PNC

Davis Rea LTD. increased its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,319 shares of the financial services provider’s stock after buying an additional 184 shares during the period. The PNC Financial Services Group comprises approximately 2.5% of Davis Rea LTD.’s investment portfolio, making the stock its 12th biggest holding. Davis Rea LTD.’s holdings in The PNC Financial Services Group were worth $10,126,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Saudi Central Bank bought a new position in The PNC Financial Services Group in the first quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in 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 worth $34,000 after buying an additional 65 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $35,000. WPG Advisers LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $41,000. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

Shares of PNC opened at $183.72 on Friday. The firm has a market capitalization of $72.35 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. 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, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The company’s fifty day moving average price is $198.64 and its 200-day moving average price is $183.52.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The firm 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 business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Piper Sandler raised The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $211.00 to $220.00 in a research report on Thursday. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. The Goldman Sachs Group upped their price target 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. Finally, Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One 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 company. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and an average 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.