REAP Financial Group LLC Grows Position in The PNC Financial Services Group, Inc $PNC

REAP Financial Group LLC lifted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 114.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 697 shares of the financial services provider’s stock after buying an additional 372 shares during the quarter. REAP Financial Group LLC’s holdings in The PNC Financial Services Group were worth $130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of The PNC Financial Services Group by 50.8% during 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 during the first quarter valued at $35,000. WPG Advisers LLC purchased a new position in shares of The PNC Financial Services Group in the first quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in The PNC Financial Services Group in the first quarter worth approximately $41,000. Institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

PNC has been the topic of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. UBS Group lifted their target price on The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup increased their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Piper Sandler upped their target price on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Finally, Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $217.74.

The PNC Financial Services Group Stock Down 0.8%

NYSE PNC opened at $193.98 on Wednesday. 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 company has a market capitalization of $76.39 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.44 and a beta of 1.10. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The stock has a 50 day moving average price of $198.71 and a 200-day moving average price of $183.33.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate 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 revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be given a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.5%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

About The PNC Financial Services Group

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.