UBS Group Forecasts Strong Price Appreciation for The PNC Financial Services Group (NYSE:PNC) Stock

Key Points

• UBS Group raised its price target for The PNC Financial Services Group stock from $224.00 to $229.00, indicating a potential upside of 17.56% from its current price.
• PNC Financial reported a quarterly EPS of $3.85, exceeding analysts' expectations of $3.56, with revenue of $3.01 billion for the quarter.
• The company's stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average price target of $217.74.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target increased by stock analysts at UBS Group from $224.00 to $229.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. UBS Group's target price would indicate a potential upside of 17.56% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. 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. Evercore ISI lifted their target price on shares of The PNC Financial Services Group from $220.00 to $230.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 30th. Truist Financial upped their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the company a "hold" rating in a research report on Wednesday, September 24th. Piper Sandler boosted their price target on The PNC Financial Services Group from $200.00 to $211.00 and gave the stock a "neutral" rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group raised their target price on shares of The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $217.74.

The PNC Financial Services Group Trading Down 0.4%

PNC stock traded down $0.82 during trading on Tuesday, reaching $194.80. 754,309 shares of the stock traded hands, compared to its average volume of 2,186,793. The business's 50 day moving average price is $198.70 and its 200-day moving average price is $183.25. The firm has a market capitalization of $76.71 billion, a PE ratio of 13.32, a P/E/G ratio of 1.46 and a beta of 1.10. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The PNC Financial Services Group has a 52-week low of $145.12 and a 52-week high of $216.26.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.29. The company 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% on a year-over-year basis. During the same period last year, the firm posted $3.39 EPS. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of The PNC Financial Services Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 38,487,074 shares of the financial services provider's stock valued at $7,174,760,000 after acquiring an additional 521,455 shares during the period. Massachusetts Financial Services Co. MA grew its position in The PNC Financial Services Group by 26.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider's stock worth $1,670,249,000 after acquiring an additional 1,964,157 shares during the last quarter. Geode Capital Management LLC raised its position in shares of The PNC Financial Services Group by 1.1% during the second quarter. Geode Capital Management LLC now owns 8,777,313 shares of the financial services provider's stock worth $1,628,302,000 after acquiring an additional 93,346 shares during the last quarter. Norges Bank bought a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $1,477,836,000. Finally, Invesco Ltd. boosted its stake in The PNC Financial Services Group by 0.5% during the 2nd quarter. Invesco Ltd. now owns 5,023,790 shares of the financial services provider's stock valued at $936,535,000 after purchasing an additional 26,798 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company's stock.

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.

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