The PNC Financial Services Group, Inc $PNC Shares Sold by Mechanics Financial Corp

Mechanics Financial Corp lowered its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,966 shares of the financial services provider’s stock after selling 154 shares during the period. Mechanics Financial Corp’s holdings in The PNC Financial Services Group were worth $926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ignite Planners LLC grew its holdings in The PNC Financial Services Group by 8.4% during the first quarter. Ignite Planners LLC now owns 1,628 shares of the financial services provider’s stock worth $262,000 after acquiring an additional 126 shares during the period. Exane Asset Management grew its holdings in The PNC Financial Services Group by 32.9% during the first quarter. Exane Asset Management now owns 149,783 shares of the financial services provider’s stock worth $28,434,000 after acquiring an additional 37,110 shares during the period. Smith Salley Wealth Management grew its holdings in The PNC Financial Services Group by 15.6% during the first quarter. Smith Salley Wealth Management now owns 72,844 shares of the financial services provider’s stock worth $12,804,000 after acquiring an additional 9,836 shares during the period. United Community Bank grew its holdings in The PNC Financial Services Group by 687.0% during the first quarter. United Community Bank now owns 12,325 shares of the financial services provider’s stock worth $2,166,000 after acquiring an additional 10,759 shares during the period. Finally, Kingswood Wealth Advisors LLC grew its holdings in The PNC Financial Services Group by 4.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 2,802 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds 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. Evercore ISI upped their price objective on The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Tuesday. Oppenheimer lowered their target price on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a report on Tuesday, September 23rd. Morgan Stanley upped their target price on The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a report on Monday. Citigroup upped their target price on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, September 23rd. Finally, Bank of America upped their target price on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a report on Thursday, July 17th. One research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and a consensus target price of $216.56.

The PNC Financial Services Group Stock Down 0.1%

Shares of NYSE:PNC opened at $198.17 on Friday. 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 stock’s fifty day simple moving average is $198.61 and its 200-day simple moving average is $182.79. The company has a market capitalization of $78.04 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.46 and a beta of 1.10.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the business earned $3.39 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Tuesday, October 14th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, October 14th. The PNC Financial Services Group’s dividend 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.