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

14 Wall Street 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, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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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14 analysts have issued 12 month price objectives for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $156.00 to $240.00. On average, they anticipate the company's share price to reach $197.63 in the next twelve months. This suggests a possible upside of 16.6% 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 15.5% and is now trading at $169.46.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
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The PNC Financial Services Group, Inc. (NYSE:PNC) released its earnings results on Friday, July, 15th. The financial services provider reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. The financial services provider had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $5.13 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 11.93% and a net margin of 27.32%. The PNC Financial Services Group's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.50 earnings per share.
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The PNC Financial Services Group declared a quarterly dividend on Friday, July 1st. Investors of record on Wednesday, July 13th will be paid a dividend of $1.50 per share on Friday, August 5th. This represents a $6.00 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, July 12th.
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 3.62%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 37.01% 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 FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $20.94 billion-$21.32 billion, compared to the consensus revenue estimate of $20.95 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 number of retail and institutional investors. Top institutional shareholders include Provident Trust Co. (0.50%), Principal Financial Group Inc. (0.49%), CIBC Private Wealth Group LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Jennison Associates LLC (0.27%) and Truist Financial Corp (0.23%). Insiders that own company stock include Andrew T Feldstein, Charles E Bunch, E William Parsley III, Gregory B Jordan, Guild Deborah, Joseph E Rockey, 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, Robert Q Reilly, Vicki C Henn 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 $169.46.

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $69.50 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 $12.78 on an earnings per share basis.

The company employs 59,426 workers across the globe.

The PNC Financial Services Group was founded in 1852.

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.