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

The PNC Financial Services Group (NYSE:PNC) had its target price cut by equities researchers at TD Cowen from $245.00 to $240.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s target price would indicate a potential upside of 8.77% from the company’s current price.

A number of other brokerages have also recently issued reports on PNC. 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 report on Thursday, July 23rd. HSBC boosted their price objective on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the stock a “buy” rating in a research note on Monday, September 28th. UBS Group decreased their price objective on shares of The PNC Financial Services Group from $288.00 to $286.00 and set a “buy” rating for the company in a report on Monday, October 5th. The Goldman Sachs Group lowered their target price on shares of The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Wells Fargo & Company lifted their target price on shares of The PNC Financial Services Group from $270.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $269.84.

The PNC Financial Services Group Stock Up 2.7%

The PNC Financial Services Group stock traded up $5.70 during mid-day trading on Friday, hitting $220.64. 286,574 shares of the company’s stock were exchanged, compared to its average volume of 2,208,178. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.34. The stock has a market cap of $88.02 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.13 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 stock has a 50 day moving average of $236.03 and a two-hundred day moving average of $233.18.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The company had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.35 earnings per share. As a group, analysts anticipate that The PNC Financial Services Group will post 19.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated 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 in the company, valued at approximately $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Trust Asset Management LLC lifted its stake in The PNC Financial Services Group by 1.0% during the 2nd quarter. Trust Asset Management LLC now owns 4,457 shares of the financial services provider’s stock worth $1,097,000 after acquiring an additional 43 shares in the last quarter. Baron Wealth Management LLC lifted its position in shares of The PNC Financial Services Group by 3.0% during the 1st quarter. Baron Wealth Management LLC now owns 1,562 shares of the financial services provider’s stock worth $325,000 after purchasing an additional 46 shares during the last quarter. Kennebec Savings Bank lifted its holdings in The PNC Financial Services Group by 1.4% during the 1st quarter. Kennebec Savings Bank now owns 3,546 shares of the financial services provider’s stock worth $738,000 after buying an additional 49 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in The PNC Financial Services Group by 34.2% in the first quarter. SJS Investment Consulting Inc. now owns 196 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 50 shares in the last quarter. Finally, United Community Bank boosted its holdings in shares of The PNC Financial Services Group by 0.8% in the 2nd quarter. United Community Bank now owns 6,523 shares of the financial services provider’s stock valued at $1,606,000 after buying an additional 50 shares in the last quarter. 83.53% of the stock is 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: PNC reported third-quarter adjusted EPS of $5.09, exceeding the $4.91 consensus estimate and rising from $4.35 a year earlier. Net income increased to $2.1 billion, while revenue grew 10.9% year over year to $6.60 billion. PNC third-quarter results
• Positive Sentiment: Net interest income rose 2% sequentially to $4.21 billion, average loans increased by $9 billion, and average deposits grew 1%. Management forecast approximately 13.5% full-year 2026 average loan growth, supported by expansion markets and new client activity. PNC loan growth forecast
• Positive Sentiment: Expense control improved the adjusted efficiency ratio to 57%, while PNC maintained a 9.8% CET1 capital ratio and returned capital through $800 million of dividends and $600 million of share repurchases. Fiscal 2026 revenue guidance of $26.3 billion was in line with consensus.
• Neutral Sentiment: CEO William Demchak said PNC is responding to technology-enabled deposit flight by improving digital tools and customer service. He also cautioned that poorly structured potential bank deals could destroy substantial shareholder value. PNC deposit strategy
• Negative Sentiment: Revenue fell short of estimates, partly because funding costs pressured net interest income and fee income declined 6% following elevated prior-quarter capital-markets activity. The FirstBank acquisition also generated $36 million of integration costs.
• Negative Sentiment: Net loan charge-offs rose to $257 million from $226 million in the second quarter and $179 million a year earlier, including $35 million tied to a student-loan portfolio transfer. Rising credit costs are tempering the otherwise strong earnings performance.
• Negative Sentiment: Goldman Sachs reduced its price target for PNC to $250, adding to near-term sentiment pressure. Goldman Sachs target cut

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.