Hennessy Advisors Inc. Buys 500 Shares of The PNC Financial Services Group, Inc $PNC

Hennessy Advisors Inc. increased its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 6.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,500 shares of the financial services provider’s stock after acquiring an additional 500 shares during the period. Hennessy Advisors Inc.’s holdings in The PNC Financial Services Group were worth $1,585,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PNC. Brighton Jones LLC raised its stake in 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 valued at $779,000 after buying an additional 984 shares during the period. RFG Advisory LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $225,000. Vest Financial LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at approximately $8,846,000. Pines Wealth Management LLC raised its stake in The PNC Financial Services Group by 5.0% in the first quarter. Pines Wealth Management LLC now owns 6,987 shares of the financial services provider’s stock valued at $1,228,000 after buying an additional 332 shares during the period. Finally, Gateway Investment Advisers LLC raised its stake in The PNC Financial Services Group by 9.7% in the first quarter. Gateway Investment Advisers LLC now owns 2,675 shares of the financial services provider’s stock valued at $470,000 after buying an additional 237 shares during the period. Institutional investors own 83.53% of the company’s stock.

Analyst Upgrades and Downgrades

PNC has been the topic of several research analyst reports. Stephens restated an “equal weight” rating and issued a $200.00 price objective on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Raymond James Financial upped their price objective on The PNC Financial Services Group from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Truist Financial increased their target price on 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. Finally, The Goldman Sachs Group increased their target price on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $217.11.

The PNC Financial Services Group Trading Up 0.2%

Shares of NYSE:PNC opened at $198.54 on Friday. The company has a market capitalization of $78.19 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.46 and a beta of 1.10. The PNC Financial Services Group, Inc has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day simple moving average is $198.66 and its 200 day simple moving average is $183.03.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The business 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior 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, research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors 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 dividend on an annualized basis and a yield of 3.4%. 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.