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

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of 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. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company has 2,591 branches and 9,502 ATMs. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.

The PNC Financial Services Group Trading Down 1.1 %

PNC traded down $1.87 during trading on Monday, reaching $172.76. The company had a trading volume of 8,808 shares, compared to its average volume of 2,235,123. The firm's 50-day simple moving average is $161.34 and its 200 day simple moving average is $176.09. The company has a market cap of $70.85 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 2.56 and a beta of 1.21. The PNC Financial Services Group has a 12-month low of $146.39 and a 12-month high of $228.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 0.75.

The PNC Financial Services Group (NYSE:PNC - Get Rating) last issued its quarterly earnings results on Friday, July 15th. The financial services provider reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $5.12 billion for the quarter, compared to analysts' expectations of $5.13 billion. The PNC Financial Services Group had a return on equity of 11.93% and a net margin of 27.32%. The PNC Financial Services Group's revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $4.50 EPS. Equities research analysts anticipate that The PNC Financial Services Group will post 14.48 earnings per share for the current year.

The PNC Financial Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Wednesday, July 13th were paid a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, July 12th. This represents a $6.00 dividend on an annualized basis and a yield of 3.47%. The PNC Financial Services Group's dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PNC shares. Wolfe Research cut their target price on The PNC Financial Services Group from $223.00 to $177.00 and set an "outperform" rating on the stock in a research note on Thursday, May 26th. Piper Sandler set a $160.00 target price on The PNC Financial Services Group in a research note on Tuesday, July 19th. Citigroup cut their target price on The PNC Financial Services Group from $190.00 to $170.00 in a research note on Tuesday, July 12th. Wells Fargo & Company cut their target price on The PNC Financial Services Group from $227.00 to $202.00 and set an "overweight" rating on the stock in a research note on Friday, July 1st. Finally, Morgan Stanley lifted their price objective on shares of The PNC Financial Services Group from $168.00 to $180.00 in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and an average price target of $197.63.