Mn Services Vermogensbeheer B.V. Purchases 1,100 Shares of The PNC Financial Services Group, Inc $PNC

Mn Services Vermogensbeheer B.V. raised its position in shares of The PNC Financial Services Group, Inc (NYSE:PNC) by 0.7% in the second quarter, HoldingsChannel reports. The fund owned 148,609 shares of the financial services provider’s stock after acquiring an additional 1,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The PNC Financial Services Group were worth $27,704,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Saudi Central Bank bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC boosted its stake in shares of 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 buying an additional 65 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $35,000. WPG Advisers LLC bought a new stake in shares of The PNC Financial Services Group in the first quarter valued at approximately $36,000. Finally, REAP Financial Group LLC boosted its stake in shares of The PNC Financial Services Group by 67.2% in the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider’s stock valued at $38,000 after buying an additional 80 shares during the period. 83.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Stephens restated an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research note on Wednesday, September 10th. Raymond James Financial upgraded 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 note on Tuesday, July 8th. 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. Finally, Wall Street Zen upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The PNC Financial Services Group has an average rating of “Moderate Buy” and a consensus price target of $213.67.

The PNC Financial Services Group Stock Performance

Shares of The PNC Financial Services Group stock opened at $203.64 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of $197.21 and a two-hundred day moving average price of $180.80. The PNC Financial Services Group, Inc has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a market cap of $80.20 billion, a P/E ratio of 13.93, a PEG ratio of 1.48 and a beta of 1.11.

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 for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period last 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. As a group, analysts anticipate that The PNC Financial Services Group, Inc will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This is a boost from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The PNC Financial Services Group’s payout ratio is currently 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.