Oppenheimer Issues Pessimistic Forecast for The PNC Financial Services Group (NYSE:PNC) Stock Price

Key Points

• Oppenheimer has lowered its price target for The PNC Financial Services Group's stock from $238.00 to $235.00, while maintaining an "outperform" rating that reflects a potential upside of 14.86% from the previous close.
• Other brokerages, including Goldman Sachs and Citigroup, have recently revised their price targets upward, indicating a generally optimistic sentiment with a consensus price target of $214.50.
• Institutional investors hold 83.53% of PNC's stock, showing strong institutional confidence in the financial services provider's stability and growth potential.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target reduced by equities researchers at Oppenheimer from $238.00 to $235.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Oppenheimer's price objective suggests a potential upside of 14.86% from the stock's previous close.

A number of other brokerages have also issued reports on PNC. The Goldman Sachs Group boosted their target price on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Citigroup upped their target price 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. Wall Street Zen raised shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. Piper Sandler increased their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 10th. Finally, Raymond James Financial lifted their target price on The PNC Financial Services Group from $220.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $214.50.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded up $1.47 during trading on Tuesday, hitting $204.59. 402,968 shares of the company's stock were exchanged, compared to its average volume of 2,227,585. The PNC Financial Services Group has a 52-week low of $145.12 and a 52-week high of $216.26. The business's 50-day simple moving average is $197.66 and its 200 day simple moving average is $181.27. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $80.57 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.52 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the previous year, the company posted $3.39 EPS. The company's revenue was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts predict that The PNC Financial Services Group will post 15.37 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PNC. Vanguard Group Inc. grew its holdings in The PNC Financial Services Group by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,487,074 shares of the financial services provider's stock worth $7,174,760,000 after acquiring an additional 521,455 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of The PNC Financial Services Group by 26.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock valued at $1,670,249,000 after buying an additional 1,964,157 shares in the last quarter. Geode Capital Management LLC grew its position in shares of The PNC Financial Services Group by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 8,777,313 shares of the financial services provider's stock valued at $1,628,302,000 after buying an additional 93,346 shares during the last quarter. Norges Bank acquired a new stake in The PNC Financial Services Group during the 2nd quarter worth $1,477,836,000. Finally, Invesco Ltd. boosted its position in shares of The PNC Financial Services Group by 0.5% in the 2nd quarter. Invesco Ltd. now owns 5,023,790 shares of the financial services provider's stock valued at $936,535,000 after purchasing an additional 26,798 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.

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