Joel Isaacson & Co. LLC Raises Stock Position in The PNC Financial Services Group, Inc $PNC

Joel Isaacson & Co. LLC lifted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 1.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,357 shares of the financial services provider’s stock after purchasing an additional 833 shares during the period. Joel Isaacson & Co. LLC’s holdings in The PNC Financial Services Group were worth $9,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PNC. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group during the first quarter worth $27,000. Cornerstone Planning Group LLC grew its stake 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 worth $34,000 after purchasing an additional 65 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in The PNC Financial Services Group in the 1st quarter valued at about $35,000. WPG Advisers LLC purchased 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 purchased 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 Trading Down 1.3%

NYSE:PNC opened at $195.81 on Tuesday. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The stock’s 50 day simple moving average is $198.70 and its 200-day simple moving average is $183.25. The firm has a market cap of $77.11 billion, a P/E ratio of 13.39, a PEG ratio of 1.46 and a beta of 1.10. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99.

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 analysts’ consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Announces Dividend

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 issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of The PNC Financial Services Group in a research note on Saturday, September 27th. Stephens reissued an “equal weight” rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. Citigroup lifted their price target on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, September 23rd. Bank of America increased their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Wells Fargo & Company upped their price target on The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group presently has a consensus rating of “Moderate Buy” and an average price target of $217.11.

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.