Checchi Capital Advisers LLC Reduces Stock Position in The PNC Financial Services Group, Inc $PNC

Checchi Capital Advisers LLC cut its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 10.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,604 shares of the financial services provider’s stock after selling 565 shares during the period. Checchi Capital Advisers LLC’s holdings in The PNC Financial Services Group were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ignite Planners LLC raised its position in The PNC Financial Services Group by 8.4% during the 1st quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 126 shares in the last quarter. Exane Asset Management raised its position in The PNC Financial Services Group by 32.9% during the 1st quarter. Exane Asset Management now owns 149,783 shares of the financial services provider’s stock valued at $28,434,000 after purchasing an additional 37,110 shares in the last quarter. Smith Salley Wealth Management raised its position in The PNC Financial Services Group by 15.6% during the 1st quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider’s stock valued at $12,804,000 after purchasing an additional 9,836 shares in the last quarter. United Community Bank raised its position in The PNC Financial Services Group by 687.0% during the 1st quarter. United Community Bank now owns 12,325 shares of the financial services provider’s stock valued at $2,166,000 after purchasing an additional 10,759 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in The PNC Financial Services Group by 4.5% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock valued at $493,000 after purchasing an additional 120 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group Trading Up 0.2%

The PNC Financial Services Group stock opened at $198.54 on Monday. The stock has a 50-day moving average of $198.66 and a two-hundred day moving average of $183.09. 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 PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26. The stock has a market cap of $78.19 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same period last year, the business posted $3.39 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. 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 Announces Dividend

The firm also recently declared 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 3.4%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 46.51%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Piper Sandler boosted their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 10th. Keefe, Bruyette & Woods raised The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Oppenheimer reduced their price target on 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. Finally, Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average price target of $217.11.

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.