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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last year. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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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13 analysts have issued 12 month target prices for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $156.00 to $220.00. On average, they predict the company's stock price to reach $180.41 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
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The PNC Financial Services Group's stock was trading at $157.94 at the start of the year. Since then, PNC stock has increased by 4.7% and is now trading at $165.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
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The PNC Financial Services Group, Inc. (NYSE:PNC) announced its quarterly earnings data on Wednesday, January, 18th. The financial services provider reported $3.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.95 by $0.46. The financial services provider had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.71 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 12.88% and a net margin of 25.73%. The PNC Financial Services Group's revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.86 EPS.
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The PNC Financial Services Group announced a quarterly dividend on Wednesday, January 4th. Stockholders of record on Tuesday, January 17th will be given a dividend of $1.50 per share on Sunday, February 5th. This represents a $6.00 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, January 13th.
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 3.64%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 43.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 38.81% 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 first quarter 2023 earnings guidance on Wednesday, January, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.59 billion-$5.59 billion, compared to the consensus revenue estimate of $5.69 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.22%), DekaBank Deutsche Girozentrale (0.17%), Fifth Third Bancorp (0.15%), Bank of Montreal Can (0.15%) and Ardevora Asset Management LLP (0.11%). Insiders that own company stock include Andrew T Feldstein, Guild Deborah, Karen L Larrimer, Kieran John Fallon, Martin Pfinsgraff, Michael J Hannon, Michael J Hannon, Michael P Lyons, Richard J Harshman, Robert A Niblock, Robert Q Reilly and William S Demchak.
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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 $165.39.

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $66.71 billion and generates $23.54 billion in revenue each year. The financial services provider earns $6.04 billion in net income (profit) each year or $13.87 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.