Mechanics Financial Corp Takes $541,000 Position in The PNC Financial Services Group, Inc. (NYSE:PNC) (2025)

Mechanics Financial Corp purchased a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,805 shares of the financial services provider's stock, valued at approximately $541,000.

Other institutional investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new position in shares of The PNC Financial Services Group during the fourth quarter valued at $25,000. Richardson Financial Services Inc. grew its position in The PNC Financial Services Group by 2,333.3% during the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider's stock valued at $28,000 after buying an additional 140 shares during the period. Albion Financial Group UT purchased a new position in shares of The PNC Financial Services Group during the 4th quarter worth $30,000. Synergy Asset Management LLC bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $32,000. Finally, Rialto Wealth Management LLC bought a new stake in The PNC Financial Services Group during the 4th quarter worth approximately $32,000. 83.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 1,242 shares of the company's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $174.78, for a total value of $217,076.76. Following the transaction, the chief executive officer now owns 564,815 shares in the company, valued at $98,718,365.70. This represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 13,662 shares of company stock worth $2,559,389 in the last ninety days. 0.41% of the stock is currently owned by corporate insiders.

The PNC Financial Services Group Stock Up 1.1 %

PNC stock traded up $1.92 during mid-day trading on Wednesday, hitting $176.56. 887,700 shares of the company were exchanged, compared to its average volume of 1,881,191. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13. The PNC Financial Services Group, Inc. has a twelve month low of $143.52 and a twelve month high of $216.26. The firm has a fifty day simple moving average of $186.98 and a 200 day simple moving average of $192.18. The company has a market capitalization of $69.87 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.26 by $0.51. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.16 earnings per share. On average, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Wednesday, January 15th. The PNC Financial Services Group's payout ratio is currently 46.55%.

Analysts Set New Price Targets

PNC has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Citigroup lowered their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Stephens restated an "equal weight" rating and set a $200.00 target price on shares of The PNC Financial Services Group in a research report on Friday, January 17th. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and decreased their price objective for the company from $206.00 to $202.00 in a report on Monday. Finally, Truist Financial raised their price objective on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a "hold" rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and a consensus target price of $204.12.

Get Our Latest Stock Analysis on The PNC Financial Services Group

About The PNC Financial Services Group

(Free Report)

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.

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