The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Reduction from TD Cowen

The PNC Financial Services Group (NYSE:PNC) had its target price trimmed by TD Cowen from $245.00 to $240.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

PNC has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $265.00 target price for the company. in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of The PNC Financial Services Group from $270.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Barclays upped their price target on shares of The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Robert W. Baird upped their price target on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Finally, Truist Financial reduced their price objective on shares of The PNC Financial Services Group from $264.00 to $252.00 and set a “hold” rating for the company in a research report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group presently has a consensus rating of “Moderate Buy” and an average target price of $267.20.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC opened at $217.21 on Friday. The PNC Financial Services Group has a 1 year low of $176.88 and a 1 year high of $258.96. The firm has a market cap of $86.65 billion, a P/E ratio of 11.56, a PEG ratio of 1.14 and a beta of 0.94. The stock has a fifty day moving average price of $235.33 and a two-hundred day moving average price of $233.29. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.83 and a current ratio of 0.84.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the business earned $4.35 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts forecast that The PNC Financial Services Group will post 19.22 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Wednesday, October 14th will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 14th. The PNC Financial Services Group’s payout ratio is presently 42.58%.

Insider Activity

In other news, EVP Stacy Juchno sold 3,354 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total transaction of $858,087.36. Following the sale, the executive vice president directly owned 18,800 shares of the company’s stock, valued at $4,809,792. The trade was a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC lifted its position in shares of The PNC Financial Services Group by 4.8% in the third quarter. V Square Quantitative Management LLC now owns 9,994 shares of the financial services provider’s stock worth $2,221,000 after buying an additional 459 shares during the last quarter. YANKCOM Partnership increased its holdings in shares of The PNC Financial Services Group by 4.1% during the 3rd quarter. YANKCOM Partnership now owns 3,091 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 121 shares during the last quarter. Bangor Savings Bank raised its stake in shares of The PNC Financial Services Group by 1.2% in the 3rd quarter. Bangor Savings Bank now owns 4,436 shares of the financial services provider’s stock valued at $986,000 after acquiring an additional 52 shares in the last quarter. Moody National Bank Trust Division raised its stake in shares of The PNC Financial Services Group by 2.5% in the 3rd quarter. Moody National Bank Trust Division now owns 7,448 shares of the financial services provider’s stock valued at $1,655,000 after acquiring an additional 184 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of The PNC Financial Services Group by 56.8% in the 2nd quarter. QRG Capital Management Inc. now owns 81,704 shares of the financial services provider’s stock valued at $20,117,000 after acquiring an additional 29,597 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Key Stories Impacting The PNC Financial Services Group

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

• Positive Sentiment: PNC reported third-quarter adjusted EPS of $5.09, above the $4.91 consensus estimate and up from $4.35 a year earlier. Net income reached $2.1 billion, revenue rose 10.9% year over year to $6.60 billion, and net interest income increased 15%. PNC third-quarter earnings release
• Positive Sentiment: Loan growth, higher utilization and expansion markets supported results. PNC added approximately 500 commercial client relationships in expansion markets and forecasts roughly 13.5% average loan growth for full-year 2026. PNC loan growth outlook
• Positive Sentiment: Expense control improved the efficiency ratio to 57%, while average loans increased 2%, deposits grew 1% and PNC returned capital through $800 million in dividends and $600 million in share repurchases.
• Positive Sentiment: Oppenheimer raised its PNC price target to $269 and maintained an “outperform” rating, implying substantial potential upside based on the current trading level. Analyst forecast revisions
• Neutral Sentiment: Raymond James, RBC and Keefe, Bruyette & Woods lowered their targets to $255, $250 and $250, respectively, but retained positive or neutral ratings. TD Cowen also cut its target to $240 and maintained a “hold” rating. The revisions indicate continued confidence in PNC’s valuation potential but more cautious expectations after earnings.
• Negative Sentiment: Quarterly revenue of $6.60 billion narrowly missed estimates, while fee income declined and funding costs pressured net interest income. PNC revenue analysis
• Negative Sentiment: Net loan charge-offs increased to $257 million, including $35 million tied to a student-loan portfolio transfer. Management also highlighted the risk of technology-enabled deposit switching, while $36 million of FirstBank integration costs weighed on reported profit.

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.