The PNC Financial Services Group (NYSE:PNC) Issues Quarterly Earnings Results, Beats Estimates By $0.29 EPS

The PNC Financial Services Group (NYSE:PNC - Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $3.85 EPS for the quarter, topping analysts' consensus estimates of $3.56 by $0.29, Zacks reports. The PNC Financial Services Group had a net margin of 17.68% and a return on equity of 10.95%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the previous year, the firm posted $3.39 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. The PNC Financial Services Group updated its Q3 2025 guidance to EPS and its FY 2025 guidance to EPS.

The PNC Financial Services Group Stock Up 0.9%

Shares of NYSE PNC traded up $1.79 during trading hours on Wednesday, hitting $193.93. The stock had a trading volume of 3,764,011 shares, compared to its average volume of 2,139,716. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $76.71 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.52 and a beta of 1.07. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26. The firm's 50-day moving average price is $180.60 and its two-hundred day moving average price is $180.15.

The PNC Financial Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.51%. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date is Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 48.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PNC shares. Barclays decreased their price target on The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Citigroup lowered their price target on The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating for the company in a report on Monday, March 24th. Royal Bank Of Canada dropped their price objective on shares of The PNC Financial Services Group from $205.00 to $195.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. HSBC upgraded shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and cut their price objective for the company from $206.00 to $202.00 in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of The PNC Financial Services Group from $212.50 to $189.00 and set an "overweight" rating on the stock in a research note on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, The PNC Financial Services Group presently has an average rating of "Moderate Buy" and a consensus target price of $209.11.

Insider Transactions at The PNC Financial Services Group

In related news, EVP Kieran John Fallon sold 1,492 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $174.56, for a total transaction of $260,443.52. Following the completion of the transaction, the executive vice president owned 20,490 shares of the company's stock, valued at approximately $3,576,734.40. The trade was a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Pfinsgraff purchased 1,000 shares of the business's stock in a transaction dated Friday, April 25th. The shares were acquired at an average price of $158.22 per share, with a total value of $158,220.00. Following the completion of the acquisition, the director owned 2,009 shares of the company's stock, valued at approximately $317,863.98. The trade was a 99.11% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 9,545 shares of company stock worth $1,590,080 in the last 90 days. 0.41% of the stock is owned by insiders.

Institutional Trading of The PNC Financial Services Group

A hedge fund recently raised its stake in The PNC Financial Services Group stock. Brighton Jones LLC boosted its holdings in shares of The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) by 32.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,041 shares of the financial services provider's stock after buying an additional 984 shares during the period. Brighton Jones LLC's holdings in The PNC Financial Services Group were worth $779,000 as of its most recent SEC filing. 83.53% of the stock is owned by institutional investors and hedge funds.

About The PNC Financial Services Group

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.