The PNC Financial Services Group (NYSE:PNC) Price Target Cut to $255.00 by Analysts at Raymond James Financial

The PNC Financial Services Group (NYSE:PNC) had its target price lowered by equities research analysts at Raymond James Financial from $275.00 to $255.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial’s price target suggests a potential upside of 17.50% from the stock’s current price.

Several other research analysts have also commented on PNC. TD Cowen dropped their price target on The PNC Financial Services Group from $245.00 to $240.00 and set a “hold” rating for the company in a research report on Friday. The Goldman Sachs Group decreased their price objective on The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Oppenheimer upped their price objective on The PNC Financial Services Group from $263.00 to $269.00 and gave the company an “outperform” rating in a research report on Friday. HSBC raised their price objective on The PNC Financial Services Group from $275.00 to $283.00 and gave the company a “buy” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company lifted their target price on The PNC Financial Services Group from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, The PNC Financial Services Group has an average rating of “Moderate Buy” and an average price target of $267.20.

The PNC Financial Services Group Price Performance

PNC stock traded up $2.08 during trading on Friday, hitting $217.02. 1,109,318 shares of the company’s stock traded hands, compared to its average volume of 2,212,350. The PNC Financial Services Group has a 52 week low of $176.88 and a 52 week high of $258.96. The stock has a market capitalization of $86.58 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.13 and a beta of 0.94. The business has a fifty day simple moving average of $236.03 and a 200 day simple moving average of $233.18. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.84 and a current ratio of 0.85.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.35 EPS. As a group, research analysts expect that The PNC Financial Services Group will post 19.22 EPS for the current fiscal year.

Insider Buying and Selling at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the sale, the executive vice president directly owned 18,800 shares in the company, valued at approximately $4,809,792. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of large investors have recently bought and sold shares of the business. Monetary Solutions Ltd bought a new position in The PNC Financial Services Group in the 4th quarter valued at $25,000. Highland Investment Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the second quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of The PNC Financial Services Group during the second quarter worth $28,000. Financial Life Planners bought a new stake in shares of The PNC Financial Services Group during the first quarter worth $31,000. Finally, Wilkerson Advisory Group LLC boosted its stake in shares of The PNC Financial Services Group by 93.4% during the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

Key The PNC Financial Services Group News

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

• Positive Sentiment: Third-quarter earnings beat estimates: PNC reported adjusted diluted EPS of $5.09, above the $4.91 consensus and up from $4.35 a year earlier. Net income reached $2.1 billion, while revenue increased 10.9% year over year. PNC Third Quarter 2026 Results
• Positive Sentiment: Core banking trends improved: Net interest income rose 2% sequentially to $4.21 billion, average loans increased 2% to $372.2 billion, and average deposits grew 1%. PNC also cited approximately 500 new commercial client relationships in expansion markets and forecast about 13.5% average loan growth for 2026.
• Positive Sentiment: Efficiency and analyst support helped sentiment: The efficiency ratio improved to 57%, and Oppenheimer raised its price target from $263 to $269 while maintaining an “outperform” rating.
• Neutral Sentiment: 2026 outlook was maintained: PNC’s full-year revenue guidance of $26.3 billion matched consensus, offering stability but no positive guidance surprise.
• Neutral Sentiment: Management emphasized deposit retention: CEO William Demchak said PNC is investing in technology and service as digital tools make it easier for customers to move deposits in search of higher yields. This highlights a continuing funding challenge for banks.
• Negative Sentiment: Revenue missed expectations: Third-quarter revenue of approximately $6.6 billion came in slightly below the $6.61 billion consensus, with fee income declining 6% from the prior quarter. A $36 million FirstBank integration charge also weighed on reported profit.
• Negative Sentiment: Credit costs increased: Net loan charge-offs rose to $257 million from $226 million in the second quarter, including $35 million tied to a student-loan portfolio transfer. Rising credit costs could limit upside if economic conditions weaken.
• Negative Sentiment: Analyst views were mixed: RBC lowered its target from $273 to $250 but retained “outperform,” while TD Cowen cut its target from $245 to $240 and kept a “hold” rating, signaling more limited near-term upside.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.