Anderson Hoagland & Co. Decreases Stock Position in The PNC Financial Services Group, Inc $PNC

Anderson Hoagland & Co. decreased its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 7.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,263 shares of the financial services provider’s stock after selling 1,226 shares during the period. Anderson Hoagland & Co.’s holdings in The PNC Financial Services Group were worth $2,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of The PNC Financial Services Group by 32.2% during the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 984 shares during the last quarter. Man Group plc boosted its holdings in The PNC Financial Services Group by 70.3% in the fourth quarter. Man Group plc now owns 20,234 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 8,353 shares during the last quarter. Vident Advisory LLC grew its stake in The PNC Financial Services Group by 8.4% during the 4th quarter. Vident Advisory LLC now owns 9,660 shares of the financial services provider’s stock valued at $1,863,000 after purchasing an additional 748 shares in the last quarter. Woodline Partners LP purchased a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $4,595,000. Finally, Waverly Advisors LLC raised its position in shares of The PNC Financial Services Group by 266.5% in the 4th quarter. Waverly Advisors LLC now owns 16,369 shares of the financial services provider’s stock valued at $3,157,000 after purchasing an additional 11,903 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PNC. 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 for the company in a research report on Tuesday, July 8th. Citigroup increased their price objective on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. 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. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Finally, Oppenheimer upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 price target for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.67.

The PNC Financial Services Group Trading Up 1.2%

NYSE PNC opened at $206.31 on Friday. 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 PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The company has a 50-day simple moving average of $197.37 and a 200-day simple moving average of $180.91. The firm has a market capitalization of $81.24 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.50 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the company posted $3.39 earnings per share. The PNC Financial Services Group’s revenue 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. On average, equities analysts forecast 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a $1.70 dividend. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 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.