The PNC Financial Services Group, Inc $PNC Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 16.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,109 shares of the financial services provider’s stock after purchasing an additional 4,754 shares during the period. Vontobel Holding Ltd.’s holdings in The PNC Financial Services Group were worth $6,172,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in PNC. Brighton Jones LLC increased its position in shares of The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after acquiring an additional 984 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of The PNC Financial Services Group by 7.6% in the first quarter. Farther Finance Advisors LLC now owns 6,467 shares of the financial services provider’s stock worth $1,129,000 after acquiring an additional 457 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of The PNC Financial Services Group by 3.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 5,239 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC increased its position in shares of The PNC Financial Services Group by 10.3% in the first quarter. GAMMA Investing LLC now owns 6,537 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 608 shares in the last quarter. Finally, CX Institutional increased its position in shares of The PNC Financial Services Group by 5.1% in the first quarter. CX Institutional now owns 2,616 shares of the financial services provider’s stock worth $460,000 after acquiring an additional 126 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $183.72 on Friday. 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 stock has a market capitalization of $72.35 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.10. The company has a 50 day moving average price of $198.64 and a two-hundred day moving average price of $183.52. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 company’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $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, equities analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be paid a $1.70 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 dividend on an annualized basis and a yield of 3.7%. The PNC Financial Services Group’s payout ratio is 46.51%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James Financial lifted their target price on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. The Goldman Sachs Group raised their price target on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Truist Financial boosted their price objective on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, September 24th. UBS Group boosted their price objective on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and an average target price of $218.21.

The PNC Financial Services Group Company 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.