The PNC Financial Services Group (PNC) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of The PNC Financial Services Group (NYSE: PNC) in the last few weeks:

• 1/17/2025 – The PNC Financial Services Group had its price target raised by analysts at Morgan Stanley from $199.00 to $208.00. They now have an “underweight” rating on the stock.
• 1/17/2025 – The PNC Financial Services Group had its price target raised by analysts at Truist Financial Co. from $215.00 to $216.00. They now have a “hold” rating on the stock.
• 1/17/2025 – The PNC Financial Services Group had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $200.00 price target on the stock.
• 1/7/2025 – The PNC Financial Services Group is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $215.00 price target on the stock.
• 1/6/2025 – The PNC Financial Services Group had its price target raised by analysts at Barclays PLC from $229.00 to $257.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – The PNC Financial Services Group had its price target raised by analysts at Compass Point from $175.00 to $233.00. They now have a “neutral” rating on the stock.
• 12/6/2024 – The PNC Financial Services Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $190.00 to $210.00. They now have a “neutral” rating on the stock.
• 12/3/2024 – The PNC Financial Services Group had its price target raised by analysts at Piper Sandler from $200.00 to $220.00. They now have a “neutral” rating on the stock.
• 11/25/2024 – The PNC Financial Services Group had its price target raised by analysts at Citigroup Inc. from $200.00 to $235.00. They now have a “buy” rating on the stock.

The PNC Financial Services Group Price Performance

Shares of PNC traded up $1.20 during midday trading on Thursday, hitting $197.50. 1,658,744 shares of the company traded hands, compared to its average volume of 2,610,102. The PNC Financial Services Group, Inc. has a one year low of $139.69 and a one year high of $216.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $78.36 billion, a P/E ratio of 14.36, a PEG ratio of 1.61 and a beta of 1.16. The stock has a 50-day moving average of $200.66 and a 200-day moving average of $188.08.

The PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.51 billion. During the same period last year, the business earned $3.16 earnings per share. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts predict that The PNC Financial Services Group, Inc. will post 15.26 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is 46.55%.

Insider Buying and Selling

In other news, Director Andrew T. Feldstein sold 14,509 shares of The PNC Financial Services Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.09, for a total value of $3,048,195.81. Following the completion of the transaction, the director now owns 38,649 shares of the company’s stock, valued at $8,119,768.41. The trade was a 27.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William S. Demchak sold 1,242 shares of The PNC Financial Services Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $216.01, for a total value of $268,284.42. Following the completion of the transaction, the chief executive officer now directly owns 533,765 shares of the company’s stock, valued at approximately $115,298,577.65. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,413 shares of company stock valued at $6,014,241 over the last quarter. 0.42% of the stock is owned by company insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of The PNC Financial Services Group by 12,940.0% during the 3rd quarter. International Assets Investment Management LLC now owns 536,989 shares of the financial services provider’s stock valued at $99,262,000 after buying an additional 532,871 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of The PNC Financial Services Group by 160.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 702,384 shares of the financial services provider’s stock valued at $129,836,000 after buying an additional 433,178 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of The PNC Financial Services Group by 152.2% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 457,700 shares of the financial services provider’s stock valued at $71,163,000 after buying an additional 276,200 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of The PNC Financial Services Group by 88.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 585,431 shares of the financial services provider’s stock valued at $108,217,000 after buying an additional 274,186 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of The PNC Financial Services Group by 5,419.9% during the 2nd quarter. Marshall Wace LLP now owns 259,049 shares of the financial services provider’s stock valued at $40,277,000 after buying an additional 254,356 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors.

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.