Flputnam Investment Management Co. Has $2.46 Million Position in The PNC Financial Services Group, Inc $PNC

Flputnam Investment Management Co. reduced its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,966 shares of the financial services provider’s stock after selling 828 shares during the period. Flputnam Investment Management Co.’s holdings in The PNC Financial Services Group were worth $2,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in The PNC Financial Services Group in the 1st quarter valued at $27,000. Cornerstone Planning Group LLC increased its stake 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 last quarter. REAP Financial Group LLC increased its stake 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 last quarter. Opal Wealth Advisors LLC acquired a new stake in The PNC Financial Services Group in the 1st quarter valued at $35,000. Finally, WPG Advisers LLC acquired a new stake in The PNC Financial Services Group in the 1st quarter valued at $36,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group Stock Performance

NYSE PNC opened at $207.71 on Tuesday. The firm has a 50-day moving average of $194.24 and a 200-day moving average of $179.58. 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 cap of $81.80 billion, a PE ratio of 14.21, a P/E/G ratio of 1.53 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 PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 PNC Financial Services Group’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last 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. On average, sell-side analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were paid a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio is 46.51%.

Wall Street Analyst Weigh In

PNC has been the topic of several recent research reports. Raymond James Financial upgraded 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 research note on Tuesday, July 8th. 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. Truist Financial lifted their price objective on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the company a “hold” rating in a research report on Wednesday, July 9th. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Finally, TD Cowen started coverage on shares of The PNC Financial Services Group in a research report on Thursday, May 15th. They issued a “buy” rating and a $233.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $214.17.

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.