Oppenheimer Forecasts Strong Price Appreciation for The PNC Financial Services Group (NYSE:PNC) Stock

The PNC Financial Services Group (NYSE:PNC) had its price target raised by investment analysts at Oppenheimer from $268.00 to $284.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 25.94% from the stock’s previous close.

A number of other equities analysts also recently commented on PNC. Keefe, Bruyette & Woods raised their price objective on The PNC Financial Services Group from $228.00 to $247.00 and gave the stock a “market perform” rating in a report on Tuesday. TD Cowen increased their target price on shares of The PNC Financial Services Group from $235.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Morgan Stanley lifted their price target on shares of The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a research report on Monday, September 29th. Citigroup boosted their price objective on shares of The PNC Financial Services Group from $217.00 to $230.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, UBS Group increased their price objective on shares of The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a “buy” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and a consensus target price of $231.00.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC opened at $225.51 on Tuesday. The company has a 50-day simple moving average of $204.94 and a 200-day simple moving average of $197.88. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $88.44 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.99. The PNC Financial Services Group has a 12 month low of $145.12 and a 12 month high of $227.78.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Friday, January 16th. The financial services provider reported $4.88 EPS for the quarter, beating the consensus estimate of $4.23 by $0.65. The PNC Financial Services Group had a return on equity of 11.87% and a net margin of 20.40%.The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $5.90 billion. During the same period in the prior year, the firm posted $3.77 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Guild Deborah sold 1,080 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $186.97, for a total value of $201,927.60. Following the transaction, the executive vice president owned 27,335 shares of the company’s stock, valued at $5,110,824.95. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Duane Thomas sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total value of $183,570.00. Following the completion of the sale, the executive vice president directly owned 5,802 shares in the company, valued at approximately $1,065,073.14. This trade represents a 14.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.41% of the company’s stock.

Hedge Funds Weigh In On The PNC Financial Services Group

Several hedge funds and other institutional investors have recently made changes to their positions in PNC. Brighton Jones LLC raised its holdings in shares of The PNC Financial Services Group by 32.2% in the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 984 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of The PNC Financial Services Group by 2.1% in the first quarter. Empowered Funds LLC now owns 8,261 shares of the financial services provider’s stock valued at $1,452,000 after buying an additional 170 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of The PNC Financial Services Group by 50.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,331 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 1,449 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of The PNC Financial Services Group by 49.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 9,695 shares of the financial services provider’s stock worth $1,807,000 after acquiring an additional 3,228 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in shares of The PNC Financial Services Group by 7.4% during the 2nd quarter. Park Avenue Securities LLC now owns 11,360 shares of the financial services provider’s stock worth $2,118,000 after acquiring an additional 784 shares in the last quarter. 83.53% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting The PNC Financial Services Group

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

• Positive Sentiment: Analysts broadly raised earnings and outlooks after PNC’s stronger-than-expected Q4 results, reinforcing bullish sentiment and prompting revised models. PNC Financial Analysts Raise Their Forecasts After Upbeat Q4 Earnings
• Positive Sentiment: Oppenheimer raised its price target to $284 and kept an “outperform” rating — the largest implied upside among the updates, signaling strong buy-side conviction. Article Title
• Positive Sentiment: TD Cowen boosted its target to $260 and moved to a “buy” rating, highlighting roughly mid-teens upside versus the current level. Article Title
• Positive Sentiment: Wells Fargo raised its PT to $264 with an “overweight” call, another sizable upside estimate supporting the rally. Article Title
• Positive Sentiment: Royal Bank of Canada bumped its target to $235 and kept an “outperform” stance, adding modest incremental upside. Article Title
• Neutral Sentiment: Keefe, Bruyette & Woods raised its target to $247 but maintained a “market perform” rating — a target lift that’s supportive but not a clear bullish endorsement. Article Title
• Negative Sentiment: Morgan Stanley raised its price target to $221 but kept an “underweight” rating, implying limited downside from current levels and providing a cautionary counterpoint for more risk-averse investors. Article Title

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.