The PNC Financial Services Group, Inc $PNC Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,338 shares of the financial services provider’s stock after selling 103 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in The PNC Financial Services Group were worth $995,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Drucker Wealth 3.0 LLC acquired a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at $694,000. Aberdeen Group plc lifted its holdings in shares of The PNC Financial Services Group by 8.8% during the 2nd quarter. Aberdeen Group plc now owns 333,758 shares of the financial services provider’s stock valued at $62,528,000 after acquiring an additional 27,026 shares in the last quarter. Davis Rea LTD. lifted its holdings in shares of The PNC Financial Services Group by 0.3% during the 2nd quarter. Davis Rea LTD. now owns 54,319 shares of the financial services provider’s stock valued at $10,126,000 after acquiring an additional 184 shares in the last quarter. Blue Zone Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter valued at $204,000. Finally, PDS Planning Inc increased its stake in The PNC Financial Services Group by 11.8% during the 2nd quarter. PDS Planning Inc now owns 1,872 shares of the financial services provider’s stock worth $349,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 83.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial lifted their price target on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research note on Wednesday, September 24th. 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. Oppenheimer dropped their target price on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Evercore ISI boosted their target price on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and a consensus price target of $218.21.

The PNC Financial Services Group Trading Down 3.6%

The PNC Financial Services Group stock 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 firm has a 50-day moving average price of $198.64 and a two-hundred day moving average price of $183.52. The firm has a market capitalization of $72.35 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.40 and a beta of 1.10. The PNC Financial Services Group, Inc has a 52-week low of $145.12 and a 52-week 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 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 in the previous year, the business posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that The PNC Financial Services Group, Inc will post 15.37 earnings per share 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 paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio is currently 46.51%.

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.