The PNC Financial Services Group, Inc $PNC Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,280,590 shares of the financial services provider’s stock after purchasing an additional 7,214 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.83% of The PNC Financial Services Group worth $576,629,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PNC. Saudi Central Bank acquired a new stake in The PNC Financial Services Group in the first quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its position in The PNC Financial Services Group by 50.8% in the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the period. Opal Wealth Advisors LLC purchased a new position in The PNC Financial Services Group in the first quarter valued at about $35,000. WPG Advisers LLC purchased a new position in The PNC Financial Services Group in the first quarter valued at about $36,000. Finally, REAP Financial Group LLC increased its holdings in The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Trading Down 1.7%

Shares of NYSE:PNC opened at $200.29 on Wednesday. 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 company has a 50 day moving average of $196.46 and a 200-day moving average of $180.15. The PNC Financial Services Group, Inc has a twelve month low of $145.12 and a twelve month high of $216.26. The firm has a market cap of $78.87 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.51 and a beta of 1.11.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion for 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 firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter 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. As a group, analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were issued a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s payout ratio is currently 46.51%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Citigroup raised their price objective on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They issued a “buy” rating and a $233.00 price target on the stock. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a report on Thursday, July 17th. Finally, Wall Street Zen upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of “Moderate Buy” and a consensus target price of $214.17.

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.