DMC Group LLC Sells 1,039 Shares of The PNC Financial Services Group, Inc $PNC

DMC Group LLC lessened its position in The PNC Financial Services Group, Inc (NYSE:PNC) by 29.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,541 shares of the financial services provider’s stock after selling 1,039 shares during the period. DMC Group LLC’s holdings in The PNC Financial Services Group were worth $474,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PNC. BankPlus Trust Department increased its stake in The PNC Financial Services Group by 27,900.0% during the 2nd quarter. BankPlus Trust Department now owns 1,400 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 1,395 shares in the last quarter. Independent Solutions Wealth Management LLC grew its holdings in shares of The PNC Financial Services Group by 8.8% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 7,162 shares of the financial services provider’s stock valued at $1,335,000 after acquiring an additional 581 shares in the last quarter. Shell Asset Management Co. grew its stake in The PNC Financial Services Group by 76.9% in the second quarter. Shell Asset Management Co. now owns 16,791 shares of the financial services provider’s stock valued at $3,130,000 after purchasing an additional 7,301 shares in the last quarter. Godsey & Gibb Inc. grew its position in shares of The PNC Financial Services Group by 2.9% in the 2nd quarter. Godsey & Gibb Inc. now owns 119,430 shares of the financial services provider’s stock valued at $22,264,000 after acquiring an additional 3,350 shares during the period. Finally, Joel Isaacson & Co. LLC grew its holdings in The PNC Financial Services Group by 1.7% during the second quarter. Joel Isaacson & Co. LLC now owns 49,357 shares of the financial services provider’s stock worth $9,201,000 after purchasing an additional 833 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Piper Sandler lifted their target price on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $185.00 to $212.00 in a research note on Wednesday, July 9th. Citigroup increased their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. UBS Group raised their price objective on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $217.74.

The PNC Financial Services Group Stock Performance

Shares of PNC opened at $193.98 on Wednesday. The stock has a 50 day moving average price of $198.71 and a two-hundred day moving average price of $183.33. The PNC Financial Services Group, Inc has a 52 week low of $145.12 and a 52 week high of $216.26. The firm has a market capitalization of $76.39 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.44 and a beta of 1.10. 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 (NYSE:PNC) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the business posted $3.39 EPS. The business’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. Equities analysts forecast that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Tuesday, October 14th will be given a dividend of $1.70 per share. The ex-dividend date is Tuesday, October 14th. This represents a $6.80 annualized dividend and a yield of 3.5%. The PNC Financial Services Group’s dividend payout ratio is presently 46.51%.

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.