Fort Washington Investment Advisors Inc. OH Reduces Stock Position in The PNC Financial Services Group, Inc $PNC

Fort Washington Investment Advisors Inc. OH trimmed its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 33.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,230 shares of the financial services provider’s stock after selling 1,640 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in The PNC Financial Services Group were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings in shares of The PNC Financial Services Group by 4.5% during the 2nd quarter. Avior Wealth Management LLC now owns 1,213 shares of the financial services provider’s stock valued at $226,000 after buying an additional 52 shares during the period. Rockland Trust Co. lifted its holdings in The PNC Financial Services Group by 0.5% in the second quarter. Rockland Trust Co. now owns 10,499 shares of the financial services provider’s stock valued at $1,957,000 after acquiring an additional 53 shares during the period. Kestra Investment Management LLC lifted its holdings in The PNC Financial Services Group by 11.4% in the first quarter. Kestra Investment Management LLC now owns 566 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 58 shares during the period. Bank of Stockton boosted its position in The PNC Financial Services Group by 1.2% in the second quarter. Bank of Stockton now owns 4,849 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 58 shares during the last quarter. Finally, PKS Advisory Services LLC grew its stake in shares of The PNC Financial Services Group by 3.2% during the 1st quarter. PKS Advisory Services LLC now owns 1,910 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 60 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

NYSE:PNC opened at $201.79 on Tuesday. The business’s 50-day simple moving average is $198.48 and its two-hundred day simple moving average is $182.38. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The stock has a market cap of $79.47 billion, a PE ratio of 13.80, a P/E/G ratio of 1.50 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 11.07% and a net margin of 18.33%.The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, 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 disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PNC shares. Oppenheimer lowered their price objective on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Keefe, Bruyette & Woods upgraded shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Wall Street Zen raised shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Piper Sandler upped their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 10th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $216.28.

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.