The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $245.00

The PNC Financial Services Group (NYSE:PNC) had its target price upped by Truist Financial from $234.00 to $245.00 in a report published on Thursday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

A number of other research firms have also recently commented on PNC. Royal Bank Of Canada upped their price objective on The PNC Financial Services Group from $222.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Keefe, Bruyette & Woods upped their price objective on The PNC Financial Services Group from $247.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on The PNC Financial Services Group from $251.00 to $237.50 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley reduced their price objective on The PNC Financial Services Group from $283.00 to $263.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.69.

The PNC Financial Services Group Stock Up 2.1%

PNC stock opened at $224.75 on Thursday. The PNC Financial Services Group has a 1-year low of $148.28 and a 1-year high of $243.94. The business has a fifty day moving average price of $215.73 and a 200-day moving average price of $206.54. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.83 and a quick ratio of 0.81. The stock has a market capitalization of $90.66 billion, a P/E ratio of 13.06, a P/E/G ratio of 1.00 and a beta of 0.96.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping the consensus estimate of $3.92 by $0.40. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the previous year, the business earned $3.51 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. Equities analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Tuesday, April 14th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, April 14th. The PNC Financial Services Group’s payout ratio is currently 39.51%.

Insider Buying and Selling

In other news, CEO William S. Demchak sold 50,000 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $230.88, for a total value of $11,544,000.00. Following the completion of the transaction, the chief executive officer owned 554,274 shares of the company’s stock, valued at $127,970,781.12. This represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Alexander E. C. Overstrom sold 2,500 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total value of $584,775.00. Following the completion of the transaction, the executive vice president directly owned 21,120 shares of the company’s stock, valued at approximately $4,940,179.20. This trade represents a 10.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 64,186 shares of company stock worth $14,840,973. Company insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of The PNC Financial Services Group by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 38,873,991 shares of the financial services provider’s stock worth $8,114,168,000 after acquiring an additional 408,464 shares during the period. State Street Corp boosted its stake in shares of The PNC Financial Services Group by 0.4% in the fourth quarter. State Street Corp now owns 17,319,434 shares of the financial services provider’s stock worth $3,615,085,000 after acquiring an additional 77,302 shares during the period. Capital International Investors boosted its stake in shares of The PNC Financial Services Group by 10.2% in the fourth quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock worth $2,491,819,000 after acquiring an additional 1,101,055 shares during the period. Norges Bank bought a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $1,967,080,000. Finally, Geode Capital Management LLC boosted its stake in shares of The PNC Financial Services Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 8,861,852 shares of the financial services provider’s stock worth $1,841,387,000 after acquiring an additional 30,078 shares during the period. Institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group News Roundup

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: Q1 earnings beat consensus and showed strong loan growth and benefits from the FirstBank integration, underpinning confidence in PNC’s core earnings trajectory. PNC Q1 Deep Dive
• Positive Sentiment: Oppenheimer raised its price target to $268 and kept an outperform view, signaling stronger analyst conviction after the quarter. Oppenheimer PT Raise
• Positive Sentiment: Barclays raised its target to $277 and remains overweight, one of the larger upward revisions—supportive for upside expectations. Barclays PT Raise
• Positive Sentiment: Bank of America and Keefe, Bruyette & Woods issued positive forecasts/coverage affirming the bullish post?earnings view. Bank of America Forecast KBW Forecast
• Positive Sentiment: PNC executives publicly expressed a constructive view on equity markets and growth prospects in media appearances, which helps investor sentiment. Yung-Yu Ma Interview
• Neutral Sentiment: Morgan Stanley raised its target to $267 but kept an equal?weight rating — a positive revision in value but not a bullish upgrade. Morgan Stanley Note
• Neutral Sentiment: Truist lifted its target to $245 and maintained a hold rating, reflecting mixed upside vs. near?term execution/expense questions. Truist PT Raise TickerReport
• Negative Sentiment: PNC slightly missed revenue expectations and reported pressure in noninterest income and higher operating expenses—factors that could cap near?term multiple expansion. Q1 Highlights
• Negative Sentiment: Sector weakness from peers: Fifth Third’s Q1 miss and rising expenses/credit provisions underscores that higher costs and credit volatility remain risks for regional banks. Fifth Third Q1 Miss

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.