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

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 8 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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15 equities research analysts have issued 1-year target prices for The PNC Financial Services Group's stock. Their PNC share price forecasts range from $156.00 to $220.00. On average, they predict the company's share price to reach $179.69 in the next twelve months. This suggests a possible upside of 41.9% 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 decreased by 19.8% and is now trading at $126.64.
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The PNC Financial Services Group saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 4,390,000 shares, a decrease of 15.9% from the February 28th total of 5,220,000 shares. Based on an average daily volume of 3,120,000 shares, the short-interest ratio is presently 1.4 days. Approximately 1.1% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 14th 2023.
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The PNC Financial Services Group will be holding an earnings conference call on Friday, April 14th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-977-9140 with passcode "22026071".

The PNC Financial Services Group, Inc. (NYSE:PNC) released its quarterly earnings results 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 earned $5.76 billion during the quarter, compared to analyst estimates of $5.71 billion. The PNC Financial Services Group had a net margin of 25.73% and a trailing twelve-month return on equity of 12.88%. The business's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.86 earnings per share.
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The PNC Financial Services Group declared a quarterly dividend on Wednesday, January 4th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, January 13th.
Read our dividend analysis for PNC.

ETFs with the largest weight of The PNC Financial Services Group (NYSE:PNC) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), Davis Select Financial ETF (DFNL), First Trust Nasdaq Bank ETF (FTXO), TrueShares Low Volatility Equity Income ETF (DIVZ), Federated Hermes U.S. Strategic Dividend ETF (FDV), Proshares Equities For Rising Rates ETF (EQRR) and Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC).

The PNC Financial Services Group (NYSE:PNC) pays an annual dividend of $6.00 per share and currently has a dividend yield of 4.83%. PNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 39.92% 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 issued an update on its first quarter 2023 earnings guidance on Wednesday, January, 18th. The company provided earnings per share 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 a variety of retail and institutional investors. Top institutional investors include T. Rowe Price Investment Management Inc. (3.24%), Bank of America Corp DE (2.30%), Geode Capital Management LLC (1.75%), Aristotle Capital Management LLC (1.53%), Morgan Stanley (1.16%) and Norges Bank (1.15%). Insiders that own company stock include 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 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 $126.64.

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $50.62 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 61,545 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.