TD Cowen 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 TD Cowen from $250.00 to $260.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would suggest a potential upside of 15.30% from the company’s current price.

Other equities analysts also recently issued reports about the company. Weiss Ratings reiterated a “buy (b)” rating on shares of The PNC Financial Services Group in a research report on Monday, December 22nd. UBS Group raised their price objective on The PNC Financial Services Group from $224.00 to $229.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Citigroup boosted their price objective on The PNC Financial Services Group from $217.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Royal Bank Of Canada raised their target price on shares of The PNC Financial Services Group from $222.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The PNC Financial Services Group has a consensus 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 PNC Financial Services Group has a 12-month low of $145.12 and a 12-month high of $227.78. The firm has a market capitalization of $88.44 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average of $204.94 and a 200 day moving average of $197.88.

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

Insider Buying and Selling at The PNC Financial Services Group

In other news, EVP Guild Deborah sold 1,080 shares of The PNC Financial Services Group stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $186.97, for a total value of $201,927.60. Following the sale, the executive vice president directly owned 27,335 shares of the company’s stock, valued at approximately $5,110,824.95. The trade was a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Duane Thomas sold 1,000 shares of the business’s stock in a transaction dated 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 owned 5,802 shares in the company, valued at $1,065,073.14. This represents a 14.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.41% of the stock is owned by insiders.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently added to or reduced their stakes in the company. First Horizon Corp purchased a new stake in The PNC Financial Services Group during the third quarter valued at $8,360,000. Benjamin Edwards Inc. grew its stake in shares of The PNC Financial Services Group by 27.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 24,763 shares of the financial services provider’s stock worth $4,977,000 after buying an additional 5,294 shares in the last quarter. Cullen Capital Management LLC increased its holdings in shares of The PNC Financial Services Group by 3.8% in the 2nd quarter. Cullen Capital Management LLC now owns 204,875 shares of the financial services provider’s stock worth $38,193,000 after buying an additional 7,478 shares during the last quarter. Harbour Investments Inc. raised its position in shares of The PNC Financial Services Group by 115.1% during the 2nd quarter. Harbour Investments Inc. now owns 5,631 shares of the financial services provider’s stock valued at $1,050,000 after buying an additional 3,013 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of The PNC Financial Services Group by 134.9% in the 2nd quarter. AQR Capital Management LLC now owns 3,338,964 shares of the financial services provider’s stock valued at $622,450,000 after acquiring an additional 1,917,530 shares during the last quarter. Institutional investors own 83.53% of the company’s stock.

More The PNC Financial Services Group News

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.