Brokerages Set The PNC Financial Services Group, Inc (NYSE:PNC) PT at $214.17

The PNC Financial Services Group, Inc (NYSE:PNC) has earned a consensus recommendation of “Moderate Buy” from the twenty research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $213.6667.

Several analysts have issued reports on PNC shares. Wolfe Research restated a “peer perform” rating on shares of The PNC Financial Services Group in a research note on Thursday, July 3rd. Piper Sandler lifted 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. Morgan Stanley boosted their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the company an “underweight” rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $185.00 to $212.00 in a research note on Wednesday, July 9th. Finally, Raymond James Financial upgraded The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $220.00 price objective on the stock in a research note on Tuesday, July 8th.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PNC. Saudi Central Bank bought a new stake in shares of The PNC Financial Services Group during the 1st quarter valued at $27,000. IMG Wealth Management Inc. bought a new stake in shares of The PNC Financial Services Group during the 2nd quarter valued at $27,000. Concord Wealth Partners grew its position in The PNC Financial Services Group by 144.9% during the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Cornerstone Planning Group LLC grew its position in 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 worth $34,000 after buying an additional 65 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in The PNC Financial Services Group during the first quarter worth about $35,000. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group Stock Performance

Shares of PNC opened at $202.15 on Friday. The firm has a market cap of $79.61 billion, a PE ratio of 13.83, a PEG ratio of 1.50 and a beta of 1.11. The stock’s fifty day moving average price is $196.88 and its two-hundred day moving average price is $180.48. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The PNC Financial Services Group has a 1 year low of $145.12 and a 1 year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.29. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates 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 business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $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 research analysts forecast that The PNC Financial Services Group 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. Investors of record on Tuesday, July 15th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Tuesday, July 15th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio 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.