Quent Capital LLC Has $771,000 Position in The PNC Financial Services Group, Inc $PNC

Quent Capital LLC trimmed its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,136 shares of the financial services provider’s stock after selling 94 shares during the quarter. Quent Capital LLC’s holdings in The PNC Financial Services Group were worth $771,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PNC. Brighton Jones LLC increased its position in 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 period. RFG Advisory LLC bought a new position in The PNC Financial Services Group during the first quarter worth about $225,000. Apella Capital LLC bought a new position in The PNC Financial Services Group during the first quarter worth about $266,000. Portside Wealth Group LLC increased its position in The PNC Financial Services Group by 48.0% during the first quarter. Portside Wealth Group LLC now owns 1,874 shares of the financial services provider’s stock worth $361,000 after acquiring an additional 608 shares during the period. Finally, Breakwater Capital Group increased its position in The PNC Financial Services Group by 14.7% during the first quarter. Breakwater Capital Group now owns 4,683 shares of the financial services provider’s stock worth $823,000 after acquiring an additional 599 shares during the period. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Trading Up 0.2%

Shares of The PNC Financial Services Group stock opened at $198.54 on Friday. The company has a market capitalization of $78.19 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.46 and a beta of 1.10. 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 12-month low of $145.12 and a 12-month high of $216.26. The firm’s 50-day moving average price is $198.66 and its two-hundred day moving average price is $182.96.

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 for the quarter, beating 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 company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period last year, the company posted $3.39 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Oppenheimer lowered their price target on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Citigroup raised their price target on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Evercore ISI increased their price objective on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.11.

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.