The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

The PNC Financial Services Group (NYSE:PNC) had its target price lowered by Keefe, Bruyette & Woods from $260.00 to $250.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other research firms have also recently commented on PNC. Barclays increased their price target on The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Truist Financial dropped their price target on The PNC Financial Services Group from $264.00 to $252.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Robert W. Baird boosted their price target on The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. Royal Bank Of Canada cut their price objective on shares of The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Morgan Stanley increased their price objective on shares of The PNC Financial Services Group from $267.00 to $278.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. One 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.20.

The PNC Financial Services Group Stock Down 0.1%

The PNC Financial Services Group stock opened at $217.21 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a market capitalization of $86.65 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.14 and a beta of 0.94. The PNC Financial Services Group has a 1-year low of $176.88 and a 1-year high of $258.96. The business has a fifty day moving average price of $235.33 and a 200-day moving average price of $233.29.

The PNC Financial Services Group (NYSE:PNC) last announced its earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the previous year, the business earned $4.35 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend 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 Buying and Selling at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.38% of the stock is owned by company insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PNC. Monetary Solutions Ltd purchased a new position in shares of The PNC Financial Services Group in the fourth quarter worth about $25,000. Highland Investment Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the second quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of The PNC Financial Services Group during the second quarter worth about $28,000. Financial Life Planners acquired a new stake in shares of The PNC Financial Services Group during the first quarter worth about $31,000. Finally, Wilkerson Advisory Group LLC boosted its position in The PNC Financial Services Group by 93.4% in the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors 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.

The PNC Financial Services Group Company Profile

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.