The PNC Financial Services Group (NYSE:PNC) Announces Quarterly Earnings Results

The PNC Financial Services Group (NYSE:PNC) posted its quarterly earnings data on Wednesday. The financial services provider reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29, Zacks reports. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $3.39 earnings per share. The PNC Financial Services Group updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.

The PNC Financial Services Group Trading Down 0.6%

NYSE:PNC traded down $1.10 on Friday, reaching $194.90. The company’s stock had a trading volume of 153,925 shares, compared to its average volume of 2,134,225. The stock has a 50 day moving average price of $181.79 and a 200 day moving average price of $180.27. The PNC Financial Services Group has a 12-month low of $145.12 and a 12-month high of $216.26. The company has a quick ratio of 0.81, a current ratio of 0.80 and a debt-to-equity ratio of 1.05. The firm has a market cap of $77.09 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.07.

The PNC Financial Services Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $1.70 per share. The ex-dividend date is Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.49%. This is an increase from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 48.02%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an “overweight” rating on the stock in a research note on Thursday, April 3rd. Royal Bank Of Canada reduced their price target on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a report on Thursday. Truist Financial boosted their price objective on The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a “hold” rating in a research note on Wednesday, July 9th. Finally, Barclays decreased their target price on The PNC Financial Services Group from $257.00 to $235.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $212.76.

Insiders Place Their Bets

In related news, Director Martin Pfinsgraff acquired 1,000 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $158.22 per share, with a total value of $158,220.00. Following the completion of the transaction, the director owned 2,009 shares of the company’s stock, valued at $317,863.98. The trade was a 99.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William S. Demchak sold 1,242 shares of the business’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $169.75, for a total value of $210,829.50. Following the transaction, the chief executive officer directly owned 554,879 shares of the company’s stock, valued at $94,190,710.25. The trade was a 0.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,545 shares of company stock valued at $1,590,080 over the last 90 days. 0.41% of the stock is owned by company insiders.

Institutional Trading of The PNC Financial Services Group

A hedge fund recently raised its stake in The PNC Financial Services Group stock. Brighton Jones LLC raised its stake in The PNC Financial Services Group, Inc (NYSE:PNC) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,041 shares of the financial services provider’s stock after purchasing an additional 984 shares during the period. Brighton Jones LLC’s holdings in The PNC Financial Services Group were worth $779,000 as of its most recent SEC filing. Institutional investors and hedge funds own 83.53% of the company’s stock.

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.