REAP Financial Group LLC Purchases 372 Shares of The PNC Financial Services Group, Inc $PNC

REAP Financial Group LLC raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 114.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 697 shares of the financial services provider’s stock after acquiring an additional 372 shares during the period. REAP Financial Group LLC’s holdings in The PNC Financial Services Group were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Saudi Central Bank bought a new stake in The PNC Financial Services Group in the first quarter worth about $27,000. Cornerstone Planning Group LLC raised its holdings in shares of 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 worth $34,000 after buying an additional 65 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth approximately $35,000. WPG Advisers LLC purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC bought a new position in The PNC Financial Services Group in the 1st quarter valued at $41,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PNC. Piper Sandler upped their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Wells Fargo & Company lifted their price objective on shares of The PNC Financial Services Group from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. 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. Truist Financial raised their target price on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. Finally, Oppenheimer decreased their price target on shares of The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a research note on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $217.74.

The PNC Financial Services Group Trading Down 0.8%

NYSE PNC opened at $193.98 on Wednesday. The company’s 50-day simple moving average is $198.71 and its two-hundred day simple moving average is $183.33. 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 $76.39 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. The PNC Financial Services Group, Inc has a one year low of $145.12 and a one year high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior 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. Equities analysts forecast 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 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.