Riverview Trust Co Lowers Stock Position in The PNC Financial Services Group, Inc $PNC

Riverview Trust Co lessened its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 49.3% during the second quarter, HoldingsChannel.com reports. The fund owned 516 shares of the financial services provider’s stock after selling 501 shares during the quarter. Riverview Trust Co’s holdings in The PNC Financial Services Group were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Avior Wealth Management LLC lifted its position in The PNC Financial Services Group by 4.5% in the 2nd quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider’s stock worth $226,000 after buying an additional 52 shares in the last quarter. Rockland Trust Co. increased its holdings in shares of The PNC Financial Services Group by 0.5% during the 2nd quarter. Rockland Trust Co. now owns 10,499 shares of the financial services provider’s stock valued at $1,957,000 after acquiring an additional 53 shares during the last quarter. Kestra Investment Management LLC increased its holdings 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 valued at $99,000 after acquiring an additional 58 shares during the last quarter. Bank of Stockton lifted its position in shares of The PNC Financial Services Group by 1.2% during the 2nd quarter. Bank of Stockton now owns 4,849 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 58 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its position in shares of The PNC Financial Services Group by 2.2% during the 2nd quarter. Venture Visionary Partners LLC now owns 2,677 shares of the financial services provider’s stock worth $499,000 after purchasing an additional 58 shares during the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on PNC shares. Truist Financial lifted their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, September 24th. Evercore ISI boosted their target price on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup upped 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 report on Tuesday, September 23rd. Piper Sandler lifted their target price on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Finally, Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.56.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $198.64 on Thursday. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. 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 stock has a market capitalization of $78.23 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.48 and a beta of 1.11. The stock has a fifty day moving average of $198.58 and a 200-day moving average of $182.62.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter 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. On average, sell-side analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

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.