Welch Group LLC Raises Holdings in The PNC Financial Services Group, Inc $PNC

Welch Group LLC grew its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 5.3% in the second quarter, HoldingsChannel reports. The firm owned 2,976 shares of the financial services provider’s stock after buying an additional 150 shares during the quarter. Welch Group LLC’s holdings in The PNC Financial Services Group were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PNC. Saudi Central Bank purchased a new position in shares of The PNC Financial Services Group during the first quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of 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 acquiring an additional 65 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $35,000. WPG Advisers LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $41,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Stock Down 3.6%

Shares of NYSE PNC opened at $183.72 on Monday. The firm has a 50-day simple moving average of $198.64 and a two-hundred day simple moving average of $183.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a market cap of $72.35 billion, a P/E ratio of 12.57, a PEG ratio of 1.28 and a beta of 1.10.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the previous year, the firm posted $3.39 earnings per share. The company’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. Research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Dividend Announcement

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 dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group’s payout ratio is currently 46.51%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their price target on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of The PNC Financial Services Group in a report on Wednesday, October 8th. Piper Sandler raised shares of The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $211.00 to $220.00 in a report on Thursday. Finally, Evercore ISI raised 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, September 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.21.

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.