OMNI 360 Wealth Inc. Takes $573,000 Position in The PNC Financial Services Group, Inc $PNC

OMNI 360 Wealth Inc. acquired a new stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,073 shares of the financial services provider’s stock, valued at approximately $573,000.

Several other large investors also recently made changes to their positions in PNC. Vanguard Group Inc. lifted its stake in The PNC Financial Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 37,965,619 shares of the financial services provider’s stock valued at $6,673,217,000 after buying an additional 248,252 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in The PNC Financial Services Group by 26.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock valued at $1,670,249,000 after buying an additional 1,964,157 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in The PNC Financial Services Group by 0.5% during the first quarter. Ameriprise Financial Inc. now owns 4,807,684 shares of the financial services provider’s stock valued at $844,967,000 after buying an additional 24,588 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in The PNC Financial Services Group by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 4,056,797 shares of the financial services provider’s stock valued at $713,063,000 after buying an additional 186,249 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in The PNC Financial Services Group by 5.3% during the fourth quarter. Royal Bank of Canada now owns 3,573,162 shares of the financial services provider’s stock valued at $689,084,000 after buying an additional 179,760 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Down 0.3%

NYSE:PNC opened at $202.15 on Friday. The stock’s 50 day moving average price is $196.88 and its 200 day moving average price is $180.48. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The company has a market capitalization of $79.61 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.50 and a beta of 1.11. 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 (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the company posted $3.39 earnings per share. The firm’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, research 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 business also recently declared a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.4%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio is 46.51%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Citigroup upped 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. Morgan Stanley increased their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. 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. Stephens reissued an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday. Finally, Oppenheimer raised shares of 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 report on Wednesday, July 30th. One equities 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.67.

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.