Sivia Capital Partners LLC Acquires 1,449 Shares of The PNC Financial Services Group, Inc $PNC

Sivia Capital Partners LLC raised its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 50.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,331 shares of the financial services provider’s stock after acquiring an additional 1,449 shares during the period. Sivia Capital Partners LLC’s holdings in The PNC Financial Services Group were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PNC. Saudi Central Bank acquired a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of The PNC Financial Services Group by 50.8% during the first 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $35,000. WPG Advisers LLC acquired a new stake in shares of The PNC Financial Services Group during the first quarter valued at about $36,000. Finally, REAP Financial Group LLC boosted its stake in shares of The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer raised The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 price target on the stock in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $185.00 to $212.00 in a research note on Wednesday, July 9th. The Goldman Sachs Group lifted their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Truist Financial lifted their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, Citigroup lifted their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $213.67.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC opened at $200.95 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The stock’s 50 day moving average is $197.06 and its 200-day moving average is $180.64. The firm has a market capitalization of $79.14 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.49 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same period in the prior year, the firm earned $3.39 earnings per share. The PNC Financial Services Group’s revenue for the quarter 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. Sell-side analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, July 15th. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s payout ratio is currently 46.51%.

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.