The PNC Financial Services Group, Inc $PNC Shares Purchased by Czech National Bank

Czech National Bank boosted its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 6.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,690 shares of the financial services provider’s stock after purchasing an additional 5,750 shares during the quarter. Czech National Bank’s holdings in The PNC Financial Services Group were worth $18,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at about $27,000. Cornerstone Planning Group LLC grew its holdings in 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 buying an additional 65 shares during the period. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at about $35,000. WPG Advisers LLC purchased a new stake in The PNC Financial Services Group in the 1st quarter valued at about $36,000. Finally, REAP Financial Group LLC grew its holdings in The PNC Financial Services Group by 67.2% in the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Performance

Shares of 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 firm has a market cap 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, Inc has a 52-week low of $145.12 and a 52-week high of $216.26. The business’s 50 day moving average is $197.06 and its two-hundred day moving average is $180.64.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business’s revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. 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 company also recently declared 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. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio is currently 46.51%.

Analysts Set New Price Targets

Several research firms have commented on PNC. Keefe, Bruyette & Woods upgraded 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 report on Wednesday, July 9th. Raymond James Financial upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 target price for the company in a report on Tuesday, July 8th. Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Oppenheimer upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 target price for the company in a report on Wednesday, July 30th. Finally, Stephens reiterated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and a consensus target price of $213.67.

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.