Webster Bank N. A. Sells 286 Shares of The PNC Financial Services Group, Inc $PNC

Webster Bank N. A. lessened its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,920 shares of the financial services provider’s stock after selling 286 shares during the quarter. Webster Bank N. A.’s holdings in The PNC Financial Services Group were worth $2,036,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group during the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of The PNC Financial Services Group by 50.8% during 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 last quarter. REAP Financial Group LLC increased its position in shares of The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 80 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of The PNC Financial Services Group during the first quarter valued at approximately $35,000. Finally, WPG Advisers LLC purchased a new stake in shares of The PNC Financial Services Group during the first quarter valued at approximately $36,000. Institutional investors own 83.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Oppenheimer raised The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 price target for the company in a research report on Wednesday, July 30th. Citigroup increased their price target on The PNC Financial Services Group from $205.00 to $217.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. Piper Sandler increased their price target 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. Wall Street Zen raised The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. Finally, Raymond James Financial raised The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 target price for the company in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $213.67.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $202.15 on Monday. The stock has a market cap of $79.61 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.49 and a beta of 1.11. The PNC Financial Services Group, Inc has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. 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 stock has a fifty day moving average of $196.88 and a 200-day moving average of $180.42.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.29. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous 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 research analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 3.4%. This is a boost 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 presently 46.51%.

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.