The PNC Financial Services Group (NYSE:PNC – Get Free Report) had its price target boosted by equities researchers at UBS Group from $263.00 to $288.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 13.48% from the company’s previous close.
A number of other brokerages have also issued reports on PNC. Keefe, Bruyette & Woods increased their target price on The PNC Financial Services Group from $247.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday, April 16th. Stephens started coverage on The PNC Financial Services Group in a research note on Monday, June 15th. They set an “overweight” rating and a $265.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of The PNC Financial Services Group in a research report on Friday, March 27th. Jefferies Financial Group assumed coverage on The PNC Financial Services Group in a research note on Thursday, March 26th. They issued a “buy” rating and a $250.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $264.00 to $270.00 and gave the stock an “overweight” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.09.
Get Our Latest Stock Report on PNC
The PNC Financial Services Group Stock Up 0.2%
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.32 EPS for the quarter, topping the consensus estimate of $3.92 by $0.40. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.21 billion. During the same quarter in the prior year, the firm posted $3.51 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The PNC Financial Services Group will post 18.82 earnings per share for the current year.
Insider Activity at The PNC Financial Services Group
In related news, EVP Stephanie Novosel sold 1,800 shares of the firm’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $228.73, for a total transaction of $411,714.00. Following the completion of the sale, the executive vice president directly owned 3,107 shares in the company, valued at approximately $710,664.11. This trade represents a 36.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Duane Thomas sold 1,500 shares of The PNC Financial Services Group stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $238.14, for a total transaction of $357,210.00. Following the transaction, the executive vice president directly owned 5,059 shares in the company, valued at $1,204,750.26. This trade represents a 22.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,300 shares of company stock valued at $10,694,574. 0.38% of the stock is owned by company insiders.
Institutional Investors Weigh In On The PNC Financial Services Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of The PNC Financial Services Group by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 38,873,991 shares of the financial services provider’s stock valued at $8,114,168,000 after purchasing an additional 408,464 shares during the last quarter. State Street Corp raised its holdings in The PNC Financial Services Group by 0.4% in the 4th quarter. State Street Corp now owns 17,319,434 shares of the financial services provider’s stock valued at $3,615,085,000 after buying an additional 77,302 shares during the period. Capital International Investors lifted its position in The PNC Financial Services Group by 10.2% in the fourth quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock valued at $2,491,819,000 after buying an additional 1,101,055 shares during the last quarter. Norges Bank purchased a new position in The PNC Financial Services Group during the fourth quarter worth about $1,967,080,000. Finally, Geode Capital Management LLC increased its position in shares of The PNC Financial Services Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 8,861,852 shares of the financial services provider’s stock valued at $1,841,387,000 after acquiring an additional 30,078 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.
The PNC Financial Services Group News Roundup
Here are the key news stories impacting The PNC Financial Services Group this week:
- Positive Sentiment: PNC raised its quarterly common-stock dividend to $2.00 per share from $1.70, an 18% increase that signals confidence in capital strength and future cash generation. PNC Raises Common Stock Dividend to 2.00 Per Share
- Positive Sentiment: JPMorgan and Wells Fargo both raised their price targets on PNC and kept overweight ratings, reinforcing a constructive outlook for the bank’s earnings and valuation. Benzinga analyst update
- Positive Sentiment: PNC launched a new mobile banking app with a more personalized and secure digital experience, which could help deepen client engagement and support deposit growth over time. PNC’s New Mobile App Delivers an Intuitive, Personalized Experience
- Neutral Sentiment: PNC completed the post-merger conversion of FirstBank branches and is closing 18 branches in Colorado and Arizona, a routine integration step that may improve efficiency but also reflects continued branch rationalization. PNC completes post-merger conversion of FirstBank branches
- Neutral Sentiment: One note flagged PNC’s valuation as premium and suggested a Hold ahead of Q2 earnings, which could temper enthusiasm but does not change the fundamentally positive dividend and analyst backdrop. PNC Financial: Premium Valuation Leads To Hold Recommendation Ahead Of Q2 Earnings
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.
See Also
- Five stocks we like better than The PNC Financial Services Group
- Big Beautiful Boycott: Can It Really Hurt Coca-Cola, Amazon, and Kraft Heinz Stocks?
- 3 Stocks With Solid Yields and Sustainabale Payouts Boost Dividends Once Again
- 2 Short Squeezes for Summer Speculation: What the Bears Are Getting Wrong
- How TeraWulf’s Anthropic Deal Booted Up a $19B AI Empire
Receive News & Ratings for The PNC Financial Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The PNC Financial Services Group and related companies with MarketBeat.com's FREE daily email newsletter.
