The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Trim from Raymond James Financial

The PNC Financial Services Group (NYSE:PNC) had its target price reduced by Raymond James Financial from $275.00 to $255.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently issued reports on PNC. TD Cowen lowered their target price on shares of The PNC Financial Services Group from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Friday. The Goldman Sachs Group dropped their target price on shares of The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of The PNC Financial Services Group in a research report on Tuesday, October 13th. Argus increased their target price on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Finally, HSBC raised their price target 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. One equities research 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $267.20.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC 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 PNC Financial Services Group has a 1 year low of $176.88 and a 1 year high of $258.96. The firm has a market capitalization of $86.65 billion, a PE ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.94. The business’s 50 day moving average price is $235.33 and its 200-day moving average price is $233.29.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.61 billion. During the same period in the prior year, the company earned $4.35 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts expect that The PNC Financial Services Group will post 19.22 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Wednesday, October 14th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a $8.00 annualized dividend and a dividend yield of 3.7%. The PNC Financial Services Group’s dividend payout ratio is 42.58%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, EVP Stacy Juchno sold 3,354 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the transaction, the executive vice president directly owned 18,800 shares in the company, valued at approximately $4,809,792. This represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of The PNC Financial Services Group in the 2nd quarter valued at $7,921,455,000. State Street Corp grew its holdings in shares of The PNC Financial Services Group by 4.3% during the 2nd quarter. State Street Corp now owns 18,434,446 shares of the financial services provider’s stock worth $4,538,929,000 after purchasing an additional 765,097 shares during the period. Bank of America Corp DE acquired a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth about $2,102,631,000. Deutsche Bank AG acquired a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth about $1,054,189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of The PNC Financial Services Group by 1.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,607,786 shares of the financial services provider’s stock worth $888,309,000 after purchasing an additional 39,112 shares during the last quarter. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group News Summary

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.

About The PNC Financial Services Group

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.