The PNC Financial Services Group (NYSE:PNC) Earns Equal Weight Rating from Stephens

Key Points

• The PNC Financial Services Group's stock received an "equal weight" rating from Stephens, with a price target set at $200.00, suggesting a potential downside of 1.09% from the current price.
• Multiple analysts have raised their price targets for PNC, with Citigroup increasing it to $217.00 and Keefe, Bruyette & Woods boosting it to $212.00.
• The company reported an EPS of $3.85 for the last quarter, exceeding expectations, and has a consensus rating of "Moderate Buy" among analysts.

Stephens reiterated their equal weight rating on shares of The PNC Financial Services Group (NYSE:PNC - Free Report) in a research report released on Wednesday morning,Benzinga reports. Stephens currently has a $200.00 price objective on the financial services provider's stock.

PNC has been the topic of several other reports. Citigroup lifted their price objective on The PNC Financial Services Group from $205.00 to $217.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Oppenheimer upgraded 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. Raymond James Financial upgraded 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. Truist Financial lifted their price objective on 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. Finally, Piper Sandler lifted their price objective on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $213.67.

The PNC Financial Services Group Price Performance

Shares of NYSE:PNC traded down $0.60 during trading on Wednesday, reaching $202.15. 1,015,305 shares of the company's stock traded hands, compared to its average volume of 1,524,116. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. 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 firm has a market cap of $79.61 billion, a PE ratio of 13.83, a P/E/G ratio of 1.50 and a beta of 1.11. The company has a 50-day simple moving average of $196.88 and a 200-day simple moving average of $180.52.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $3.85 EPS 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 period last year, the firm earned $3.39 EPS. The company's quarterly revenue was up 4.6% on a year-over-year basis. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts predict 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were issued a dividend of $1.70 per share. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. This is an increase from The PNC Financial Services Group's previous quarterly dividend of $1.60. The PNC Financial Services Group's payout ratio is presently 46.51%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PNC. Brighton Jones LLC lifted its holdings in The PNC Financial Services Group by 32.2% in the fourth quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider's stock valued at $779,000 after acquiring an additional 984 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in The PNC Financial Services Group by 20.0% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 16,571 shares of the financial services provider's stock valued at $3,196,000 after acquiring an additional 2,765 shares during the last quarter. NorthRock Partners LLC acquired a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $576,000. Nomura Holdings Inc. acquired a new position in The PNC Financial Services Group in the fourth quarter valued at approximately $2,522,000. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in The PNC Financial Services Group by 1.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,852 shares of the financial services provider's stock valued at $9,249,000 after acquiring an additional 732 shares during the last quarter. 83.53% of the stock is currently 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.