14,841 Shares in The PNC Financial Services Group, Inc $PNC Bought by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,841 shares of the financial services provider’s stock, valued at approximately $2,580,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in The PNC Financial Services Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 37,965,619 shares of the financial services provider’s stock worth $6,673,217,000 after buying an additional 248,252 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in The PNC Financial Services Group by 26.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock worth $1,670,249,000 after buying an additional 1,964,157 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in The PNC Financial Services Group by 0.5% during the first quarter. Ameriprise Financial Inc. now owns 4,807,684 shares of the financial services provider’s stock worth $844,967,000 after buying an additional 24,588 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in The PNC Financial Services Group by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 4,056,797 shares of the financial services provider’s stock worth $713,063,000 after buying an additional 186,249 shares in the last quarter. Finally, Royal Bank of Canada raised its position in The PNC Financial Services Group by 5.3% during the fourth quarter. Royal Bank of Canada now owns 3,573,162 shares of the financial services provider’s stock worth $689,084,000 after acquiring an additional 179,760 shares during the period. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $202.15 on Friday. The firm has a 50-day simple moving average of $196.88 and a 200-day simple moving average of $180.52. The stock has a market capitalization of $79.61 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.50 and a beta of 1.11. 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 52 week low of $145.12 and a 52 week high of $216.26.

The PNC Financial Services Group (NYSE:PNC) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The business had revenue of $3.01 billion during 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 period 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. On average, equities analysts predict that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PNC. Wolfe Research restated a “peer perform” rating on shares of The PNC Financial Services Group in a research report on Thursday, July 3rd. Morgan Stanley upped their price objective on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. The Goldman Sachs Group upped their price objective on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Citigroup upped their price objective on shares of The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. Finally, Truist Financial upped their price objective on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $213.67.

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.