GAMMA Investing LLC Purchases 1,822 Shares of The PNC Financial Services Group, Inc $PNC

GAMMA Investing LLC lifted its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 27.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,359 shares of the financial services provider’s stock after acquiring an additional 1,822 shares during the quarter. GAMMA Investing LLC’s holdings in The PNC Financial Services Group were worth $1,558,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Saudi Central Bank bought a new position in shares of The PNC Financial Services Group during the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its holdings in 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 acquiring an additional 65 shares during the period. REAP Financial Group LLC grew its position in The PNC Financial Services Group by 67.2% in the 4th quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 80 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in The PNC Financial Services Group in the first quarter worth $35,000. Finally, WPG Advisers LLC purchased a new stake in The PNC Financial Services Group in the first quarter worth $36,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $203.48 on Tuesday. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The company has a market cap of $80.13 billion, a PE ratio of 13.92, a P/E/G ratio of 1.52 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 business has a 50-day simple moving average of $197.66 and a two-hundred day simple moving average of $181.27.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating the consensus estimate of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio is presently 46.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PNC shares. Stephens restated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Wolfe Research restated a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Piper Sandler raised 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. 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 note on Wednesday, July 30th. Finally, Truist Financial increased their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $213.94.

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.