Kestra Advisory Services LLC increased its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC – Free Report) by 3.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,091 shares of the financial services provider’s stock after acquiring an additional 4,009 shares during the period. Kestra Advisory Services LLC’s holdings in The PNC Financial Services Group were worth $29,581,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in The PNC Financial Services Group in the 2nd quarter worth about $7,921,455,000. State Street Corp increased its position in shares of The PNC Financial Services Group by 4.3% in the second quarter. State Street Corp now owns 18,434,446 shares of the financial services provider’s stock valued at $4,538,929,000 after buying an additional 765,097 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of The PNC Financial Services Group in the second quarter valued at approximately $2,102,631,000. Deutsche Bank AG acquired a new position in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $1,054,189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of The PNC Financial Services Group by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,607,786 shares of the financial services provider’s stock worth $888,309,000 after buying an additional 39,112 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.
Analysts Set New Price Targets
PNC has been the topic of a number of recent analyst reports. Stephens decreased their target price on The PNC Financial Services Group from $265.00 to $250.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada cut their price target on shares of The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating for the company in a report on Friday, October 16th. Robert W. Baird upped their price objective on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. UBS Group decreased their price objective on shares of The PNC Financial Services Group from $286.00 to $278.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of The PNC Financial Services Group from $260.00 to $250.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Seventeen investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.04.
Check Out Our Latest Stock Analysis on PNC
Insider Transactions at The PNC Financial Services Group
In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $255.84, for a total transaction of $858,087.36. Following the sale, the executive vice president owned 18,800 shares of the company’s stock, valued at $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by company insiders.
Key The PNC Financial Services Group News
Here are the key news stories impacting The PNC Financial Services Group this week:
- Positive Sentiment: PNC Bank plans to expand to more than 370 new branches by 2031, including over 50 additional locations in South Carolina and Georgia. The expansion targets fast-growing markets and could support future customer and revenue growth, though returns will depend on execution. PNC Bank expands branch buildout
- Positive Sentiment: Sell-side analysts were reported to rate PNC a “Moderate Buy,” reflecting a generally favorable analyst view. Analyst rating coverage
- Neutral Sentiment: PNC presented at the BancAnalysts Association of Boston conference. The available headline provides no specific new financial outlook or business updates to assess. Conference transcript
- Negative Sentiment: PNC announced that Alexander E.C. Overstrom will become CFO, with current CFO Robert Q. Reilly moving to executive vice chairman in March 2027. The planned succession provides a transition timeline, but shares reportedly came under pressure after the announcement, suggesting investor concern about the leadership change. CFO transition announcement
The PNC Financial Services Group Price Performance
Shares of The PNC Financial Services Group stock opened at $225.41 on Friday. The business has a 50 day simple moving average of $228.58 and a two-hundred day simple moving average of $229.20. The PNC Financial Services Group, Inc has a 12 month low of $177.08 and a 12 month high of $258.96. The stock has a market capitalization of $89.44 billion, a P/E ratio of 12.00, a PEG ratio of 1.16 and a beta of 0.92. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.84 and a quick ratio of 0.83.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The firm had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $4.35 earnings per share. As a group, analysts predict that The PNC Financial Services Group, Inc will post 19.24 EPS for the current fiscal year.
The PNC Financial Services Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 5th. Shareholders of record on Wednesday, October 14th were issued a $2.00 dividend. The ex-dividend date was Wednesday, October 14th. This represents a $8.00 dividend on an annualized basis and a yield of 3.5%. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 42.58%.
The PNC Financial Services Group Company Profile
The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. It serves consumers, small businesses, corporations, government entities and institutional clients through a range of banking and financial services.
PNC’s businesses include retail banking, corporate and institutional banking, and asset management. Its offerings include deposit accounts, lending, cash management, treasury services, investment and wealth management, and other financial products and services.
The company traces its history to 1852 and took its current name following the 1983 merger of Pittsburgh National Corporation and Provident National Corporation.
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