The PNC Financial Services Group, Inc $PNC Stock Position Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 8,659.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,979 shares of the financial services provider’s stock after purchasing an additional 26,671 shares during the quarter. Acadian Asset Management LLC’s holdings in The PNC Financial Services Group were worth $4,739,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PNC. Kestra Investment Management LLC grew its holdings in The PNC Financial Services Group by 11.4% in the 1st quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider’s stock valued at $99,000 after buying an additional 58 shares during the last quarter. PKS Advisory Services LLC grew its holdings in The PNC Financial Services Group by 3.2% in the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider’s stock valued at $332,000 after buying an additional 60 shares during the last quarter. Cornerstone Planning Group LLC grew its holdings 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. WealthPLAN Partners LLC grew its holdings in The PNC Financial Services Group by 0.5% in the 1st quarter. WealthPLAN Partners LLC now owns 12,629 shares of the financial services provider’s stock valued at $2,220,000 after buying an additional 66 shares during the last quarter. Finally, Calton & Associates Inc. grew its holdings in The PNC Financial Services Group by 1.8% in the 1st quarter. Calton & Associates Inc. now owns 3,666 shares of the financial services provider’s stock valued at $644,000 after buying an additional 66 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

The PNC Financial Services Group stock opened at $202.15 on Friday. The business has a 50 day simple moving average of $196.88 and a 200 day simple moving average of $180.48. 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 one year low of $145.12 and a one year high of $216.26. The company has a market capitalization of $79.61 billion, a PE ratio of 13.83, 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 quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.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 company posted $3.39 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio is presently 46.51%.

Analyst Upgrades and Downgrades

PNC has been the topic of several recent research reports. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Citigroup lifted their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. Stephens reissued an “equal weight” rating and set a $200.00 price objective on shares of The PNC Financial Services Group in a report on Wednesday. Oppenheimer raised The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 price objective on the stock in a report on Wednesday, July 30th. Finally, Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $213.67.

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.