The PNC Financial Services Group, Inc $PNC Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. reduced its holdings in The PNC Financial Services Group, Inc (NYSE:PNC) by 1.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,499 shares of the financial services provider’s stock after selling 159 shares during the quarter. The PNC Financial Services Group accounts for about 1.5% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 18th biggest holding. Valley Brook Capital Group Inc.’s holdings in The PNC Financial Services Group were worth $1,957,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Meritage Portfolio Management acquired a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at approximately $4,987,000. CWM LLC lifted its holdings in shares of The PNC Financial Services Group by 211.2% in the 2nd quarter. CWM LLC now owns 73,671 shares of the financial services provider’s stock valued at $13,734,000 after buying an additional 49,995 shares during the period. OFI Invest Asset Management lifted its holdings in shares of The PNC Financial Services Group by 58.1% in the 2nd quarter. OFI Invest Asset Management now owns 585 shares of the financial services provider’s stock valued at $109,000 after buying an additional 215 shares during the period. Board of the Pension Protection Fund acquired a new position in The PNC Financial Services Group during the second quarter worth $336,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in The PNC Financial Services Group by 25.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 53,855 shares of the financial services provider’s stock worth $10,043,000 after purchasing an additional 10,971 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wolfe Research reaffirmed a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an “underweight” rating in a report on Monday, September 29th. Piper Sandler raised The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $211.00 to $220.00 in a report on Thursday. Finally, Wells Fargo & Company lifted their price objective on The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $218.21.

The PNC Financial Services Group Stock Performance

The PNC Financial Services Group stock opened at $183.72 on Friday. 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 stock has a fifty day moving average of $198.64 and a two-hundred day moving average of $183.56. The company has a market capitalization of $72.35 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.36 and a beta of 1.10. 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 PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during 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 PNC Financial Services Group’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $3.39 earnings per share. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.7%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 46.51%.

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.