Foresight Capital Management Advisors Inc. Buys 951 Shares of The PNC Financial Services Group, Inc $PNC

Foresight Capital Management Advisors Inc. lifted its stake in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 5.5% during the second quarter, Holdings Channel reports. The fund owned 18,168 shares of the financial services provider’s stock after buying an additional 951 shares during the quarter. The PNC Financial Services Group comprises 2.0% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 18th largest position. Foresight Capital Management Advisors Inc.’s holdings in The PNC Financial Services Group were worth $3,387,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its position in The PNC Financial Services Group by 26.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock valued at $1,670,249,000 after buying an additional 1,964,157 shares in the last quarter. Nuveen LLC acquired a new stake in The PNC Financial Services Group in the first quarter valued at approximately $306,905,000. Amundi increased its holdings in shares of The PNC Financial Services Group by 76.1% during the first quarter. Amundi now owns 2,186,073 shares of the financial services provider’s stock valued at $352,592,000 after acquiring an additional 944,731 shares in the last quarter. AQR Capital Management LLC raised its position in shares of The PNC Financial Services Group by 187.3% during the first quarter. AQR Capital Management LLC now owns 1,421,434 shares of the financial services provider’s stock worth $245,055,000 after purchasing an additional 926,709 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of The PNC Financial Services Group by 41.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,818,090 shares of the financial services provider’s stock worth $495,336,000 after purchasing an additional 830,440 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on PNC. Weiss Ratings restated a “buy (b-)” rating on shares of The PNC Financial Services Group in a research note on Saturday, September 27th. Citigroup boosted their target price on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Stephens reaffirmed an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Evercore ISI lifted their price target on The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $217.11.

The PNC Financial Services Group Trading Down 1.3%

Shares of PNC stock opened at $195.81 on Tuesday. 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 company has a market capitalization of $77.11 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.46 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 company has a 50-day simple moving average of $198.70 and a two-hundred day simple moving average of $183.25.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.5%. The PNC Financial Services Group’s payout ratio is currently 46.51%.

About The PNC Financial Services Group

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.