The PNC Financial Services Group - PNC Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNC, but not buy additional shares or sell existing shares.
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12 brokerages have issued twelve-month target prices for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $156.00 to $240.00. On average, they predict the company's stock price to reach $188.56 in the next year. This suggests a possible upside of 16.1% from the stock's current price.
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The PNC Financial Services Group's stock was trading at $200.52 at the start of the year. Since then, PNC shares have decreased by 19.0% and is now trading at $162.40.
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The PNC Financial Services Group saw a decline in short interest in November. As of November 15th, there was short interest totaling 5,330,000 shares, a decline of 20.1% from the October 31st total of 6,670,000 shares. Based on an average trading volume of 2,030,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 17th 2023.
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The PNC Financial Services Group, Inc. (NYSE:PNC) announced its earnings results on Friday, October, 14th. The financial services provider reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.69 by $0.09. The financial services provider earned $5.55 billion during the quarter, compared to the consensus estimate of $5.40 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 12.45% and a net margin of 26.96%. The PNC Financial Services Group's revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.75 EPS.
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The PNC Financial Services Group announced a quarterly dividend on Monday, October 3rd. Shareholders of record on Monday, October 17th will be paid a dividend of $1.50 per share on Saturday, November 5th. This represents a $6.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, October 14th.
Read our dividend analysis for PNC.

The PNC Financial Services Group (NYSE:PNC) pays an annual dividend of $6.00 per share and currently has a dividend yield of 3.69%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 38.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNC.

The PNC Financial Services Group updated its fourth quarter 2022 earnings guidance on Friday, October, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.66 billion-$5.66 billion, compared to the consensus revenue estimate of $5.70 billion.

2,181 employees have rated The PNC Financial Services Group Chief Executive Officer William S. Demchak on Glassdoor.com. William S. Demchak has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other The PNC Financial Services Group investors own include JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Bank of America (BAC), AT&T (T), Verizon Communications (VZ), Procter & Gamble (PG), Costco Wholesale (COST) and McDonald's (MCD).

The PNC Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNC."

The PNC Financial Services Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.30%), BlackRock Inc. (7.57%), State Street Corp (4.57%), Massachusetts Financial Services Co. MA (1.71%), Bank of New York Mellon Corp (0.89%) and Alliancebernstein L.P. (0.87%). Insiders that own company stock include Andrew T Feldstein, Charles E Bunch, E William Parsley III, Guild Deborah, Joseph E Rockey, Karen L Larrimer, Kieran John Fallon, Martin Pfinsgraff, Michael J Hannon, Michael J Hannon, Michael P Lyons, Richard J Harshman, Robert A Niblock and Robert Q Reilly.
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Shares of PNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PNC stock can currently be purchased for approximately $162.40.

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $65.50 billion and generates $19.70 billion in revenue each year. The financial services provider earns $5.67 billion in net income (profit) each year or $13.26 on an earnings per share basis.

The company employs 59,426 workers across the globe.

The PNC Financial Services Group's mailing address is THE TOWER AT PNC PLAZA 300 FIFTH AVENUE, PITTSBURGH PA, 15222. The official website for the company is www.pnc.com. The financial services provider can be reached via phone at (888) 762-2265, via email at investor.relations@pnc.com, or via fax at 412-762-4507.