Piper Sandler Issues Positive Forecast for The PNC Financial Services Group (NYSE:PNC) Stock Price

Key Points

• Piper Sandler has raised the price target for The PNC Financial Services Group from $200 to $211, indicating a potential upside of 5.35% from the current stock price.
• The company recently reported an EPS of $3.85 for the last quarter, surpassing expectations, with revenue showing a 4.6% increase year-over-year.
• PNC Financial Services currently holds a consensus rating of "Moderate Buy" among analysts, with an average target price of $213.67.

The PNC Financial Services Group (NYSE:PNC - Free Report) had its price objective boosted by Piper Sandler from $200.00 to $211.00 in a research report report published on Wednesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the financial services provider's stock.

Several other research firms also recently commented on PNC. The Goldman Sachs Group raised their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Bank of America raised their price target on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 target price on the stock in a report on Wednesday, July 30th. Finally, TD Cowen started coverage on shares of The PNC Financial Services Group in a report on Thursday, May 15th. They issued a "buy" rating and a $233.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $213.67.

The PNC Financial Services Group Trading Down 0.3%

PNC stock traded down $0.60 during trading on Wednesday, hitting $202.15. The company had a trading volume of 1,015,305 shares, compared to its average volume of 1,524,116. The PNC Financial Services Group has a 52-week low of $145.12 and a 52-week high of $216.26. The company has a 50 day simple moving average of $196.88 and a 200-day simple moving average of $180.52. The firm has a market capitalization of $79.61 billion, a P/E ratio of 13.83, a PEG ratio of 1.50 and a beta of 1.11. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99.

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

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.4%. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's payout ratio is 46.51%.

Institutional Trading of The PNC Financial Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Saudi Central Bank acquired a new position in The PNC Financial Services Group during the 1st quarter valued at about $27,000. IMG Wealth Management Inc. acquired a new stake in The PNC Financial Services Group in the second quarter worth about $27,000. Concord Wealth Partners grew its stake in shares of The PNC Financial Services Group by 144.9% during the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider's stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of The PNC Financial Services Group by 50.8% during the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 65 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of The PNC Financial Services Group in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 83.53% of the company's stock.

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.