The PNC Financial Services Group (NYSE:PNC) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Key Points

• Raymond James Financial has raised the price target for PNC Financial Services Group from $220.00 to $225.00, indicating a potential upside of 9.37% from its current price.
• PNC's stock has received various ratings from analysts, with an average consensus rating of Moderate Buy and an average target price of $213.94.
• PNC recently reported quarterly earnings of $3.85 EPS, exceeding analyst expectations, and had a revenue increase of 4.6% year-over-year.

The PNC Financial Services Group (NYSE:PNC - Free Report) had its price objective increased by Raymond James Financial from $220.00 to $225.00 in a research note published on Friday,Benzinga reports. Raymond James Financial currently has an outperform rating on the financial services provider's stock.

Several other equities research analysts have also issued reports on PNC. Piper Sandler lifted their price target on shares of The PNC Financial Services Group from $200.00 to $211.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. 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. Morgan Stanley upped their price target on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Citigroup raised their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the company a "buy" rating in a report on Thursday, July 17th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $213.94.

The PNC Financial Services Group Price Performance

Shares of PNC stock traded down $2.04 during trading hours on Friday, reaching $203.48. The company's stock had a trading volume of 1,216,678 shares, compared to its average volume of 1,503,142. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The firm's 50 day simple moving average is $197.54 and its 200-day simple moving average is $181.11. 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 company has a market capitalization of $80.13 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.52 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its quarterly 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 company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $5.61 billion. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The PNC Financial Services Group's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current 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 given a dividend of $1.70 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. This is a boost from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is currently 46.51%.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of institutional investors have recently modified their holdings of the company. Caldwell Trust Co bought a new position in The PNC Financial Services Group during the second quarter worth $505,000. SevenBridge Financial Group LLC grew its holdings in The PNC Financial Services Group by 8.9% during the 2nd quarter. SevenBridge Financial Group LLC now owns 28,827 shares of the financial services provider's stock worth $5,513,000 after acquiring an additional 2,349 shares during the period. Osaic Holdings Inc. raised its position in shares of The PNC Financial Services Group by 34.5% in the 2nd quarter. Osaic Holdings Inc. now owns 151,930 shares of the financial services provider's stock worth $28,279,000 after acquiring an additional 39,002 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of The PNC Financial Services Group by 56.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 41,035 shares of the financial services provider's stock valued at $7,648,000 after purchasing an additional 14,791 shares during the period. Finally, MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of The PNC Financial Services Group during the 2nd quarter valued at about $251,000. 83.53% of the stock is owned by institutional investors.

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.