Sunpointe LLC Boosts Stake in The PNC Financial Services Group, Inc $PNC

Sunpointe LLC lifted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 37.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,873 shares of the financial services provider’s stock after purchasing an additional 788 shares during the period. Sunpointe LLC’s holdings in The PNC Financial Services Group were worth $536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PNC. Massachusetts Financial Services Co. MA grew its holdings in shares of The PNC Financial Services Group by 26.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock valued at $1,670,249,000 after purchasing an additional 1,964,157 shares during the last quarter. Nuveen LLC bought a new stake in The PNC Financial Services Group in the 1st quarter worth $306,905,000. GAMMA Investing LLC grew its holdings in The PNC Financial Services Group by 19,279.5% in the 1st quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider’s stock worth $201,961,000 after acquiring an additional 1,143,079 shares during the last quarter. Amundi grew its holdings in The PNC Financial Services Group by 76.1% in the 1st quarter. Amundi now owns 2,186,073 shares of the financial services provider’s stock worth $352,592,000 after acquiring an additional 944,731 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in The PNC Financial Services Group by 187.3% in the 1st quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider’s stock worth $245,055,000 after acquiring an additional 926,709 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PNC shares. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Raymond James Financial raised shares of The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a report on Tuesday, July 8th. Citigroup raised their price target on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One investment 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.67.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC opened at $200.95 on Wednesday. The firm has a 50 day moving average of $197.06 and a 200 day moving average of $180.64. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $79.14 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $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, research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Investors 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%. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.51%.

The PNC Financial Services Group Company 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.