The PNC Financial Services Group, Inc (NYSE:PNC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• The PNC Financial Services Group has received a consensus recommendation of "Moderate Buy" from 20 research firms, with an average 12-month price target of approximately $214.17.
• The company has recently increased its quarterly dividend to $1.70 per share, yielding about 3.3%.
• In its latest earnings report, PNC posted an EPS of $3.85, exceeding estimates by $0.29, while revenue increased by 4.6% year-over-year.

The PNC Financial Services Group, Inc (NYSE:PNC - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twenty ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $214.1667.

A number of equities analysts have commented on the stock. TD Cowen assumed 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 objective on the stock. Oppenheimer upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $238.00 price objective on the stock in a report on Wednesday, July 30th. Truist Financial boosted their price objective on shares of The PNC Financial Services Group from $189.00 to $198.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. Raymond James Financial upgraded shares of The PNC Financial Services Group from a "market perform" rating to an "outperform" rating and set a $220.00 price objective on the stock in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th.

The PNC Financial Services Group Trading Down 1.7%

The PNC Financial Services Group stock traded down $3.48 during trading on Friday, hitting $200.29. The company's stock had a trading volume of 1,856,104 shares, compared to its average volume of 2,279,825. The stock has a market capitalization of $78.87 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of 1.51 and a beta of 1.11. The stock's fifty day moving average is $196.30 and its 200 day moving average is $180.01. The PNC Financial Services Group has a 1-year low of $145.12 and a 1-year high of $216.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80.

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 earnings per share for the quarter, beating 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 firm had revenue of $3.01 billion for the quarter, compared to analysts' expectations of $5.61 billion. During the same quarter last year, the firm earned $3.39 earnings per share. The firm's revenue for the quarter 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 research analysts predict that The PNC Financial Services Group will post 15.37 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Shareholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend 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 of this dividend was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio is currently 46.51%.

Hedge Funds Weigh In On The PNC Financial Services Group

Hedge funds and other institutional investors have recently modified their holdings of the company. IMG Wealth Management Inc. acquired a new position in shares of The PNC Financial Services Group during the second quarter valued at $27,000. Saudi Central Bank acquired a new position in shares of The PNC Financial Services Group during the first quarter valued at $27,000. Concord Wealth Partners boosted its holdings 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 valued at $32,000 after acquiring an additional 100 shares during the period. Cornerstone Planning Group LLC boosted 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 during the period. Finally, REAP Financial Group LLC increased its holdings in shares of The PNC Financial Services Group by 67.2% during the fourth quarter. REAP Financial Group LLC now owns 199 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds 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.