Almanack Investment Partners LLC. Buys 55 Shares of The PNC Financial Services Group, Inc $PNC

Almanack Investment Partners LLC. raised its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 2.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,433 shares of the financial services provider’s stock after acquiring an additional 55 shares during the period. Almanack Investment Partners LLC.’s holdings in The PNC Financial Services Group were worth $454,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PNC. Saudi Central Bank bought a new stake in The PNC Financial Services Group in the first quarter valued at $27,000. Cornerstone Planning Group LLC grew 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 acquiring an additional 65 shares during the period. Opal Wealth Advisors LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at $35,000. WPG Advisers LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in The PNC Financial Services Group in the first quarter valued at $41,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Trading Down 3.6%

Shares of PNC opened at $183.72 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group, Inc has a 12-month low of $145.12 and a 12-month high of $216.26. The firm has a market capitalization of $72.35 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.28 and a beta of 1.10. The stock’s fifty day simple moving average is $198.64 and its 200-day simple moving average is $183.62.

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, beating the consensus estimate 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 business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

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 paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, October 14th. The PNC Financial Services Group’s dividend payout ratio is 46.51%.

Wall Street Analyst Weigh In

A number of research firms have commented on PNC. 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. Citigroup boosted their price objective on The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Morgan Stanley boosted their price objective on The PNC Financial Services Group from $186.00 to $206.00 and gave the stock an “underweight” rating in a research note on Monday, September 29th. Oppenheimer reduced their price objective on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 23rd. Finally, Stephens reissued 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. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $218.21.

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.