NYSE:PNC

The PNC Financial Services Group Stock Forecast, Price & News

$140.72

+2.65 (+1.92 %)

(As of 12/1/2020 12:00 AM ET)

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Today's Range

$139.89

Now: $140.72▼

$141.40

50-Day Range

$108.72

MA: $120.79▼

$140.65

52-Week Range

$79.41

Now: $140.72▼

$161.79

Volume3.13 million shs

Average Volume2.72 million shs

Market Capitalization$59.62 billion

P/E Ratio8.42

Dividend Yield3.33%

Beta1.24

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Retail Banking segment offers deposit, lending, brokerage, insurance, and investment and cash management services to consumer and small business customers through a network of branches, ATMs, call centers, and online banking and mobile channels. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; payables, receivables, deposit and account, liquidity and investments, and online and mobile banking products and services; foreign exchange, derivatives, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions for the commercial real estate finance industry. The Asset Management Group segment offers investment and retirement planning, customized investment management, private banking, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, investment management and consulting, private banking, personal administrative, asset custody, and customized performance reporting services. This segment also provides chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement advisory services. The BlackRock segment offers single- and multi-asset class portfolios; and investment and risk management services technology platform. It operates 2,400 locations and 15,000 ATMs. The PNC Financial Services Group, Inc. was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
The PNC Financial Services Group has received a consensus rating of Hold. The company's average rating score is 2.32, and is based on 7 buy ratings, 11 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $132.53, The PNC Financial Services Group has a forecasted downside of 5.8% from its current price of $140.72.
Amount of Analyst Coverage
The PNC Financial Services Group has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
The PNC Financial Services Group has received 773 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
The PNC Financial Services Group has received 939 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
The PNC Financial Services Group has received 54.85% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about The PNC Financial Services Group and other stocks. Vote “Outperform” if you believe PNC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PNC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Yield
The PNC Financial Services Group pays a meaningful dividend of 3.33%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The PNC Financial Services Group has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of The PNC Financial Services Group is 40.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The PNC Financial Services Group will have a dividend payout ratio of 59.97% next year. This indicates that The PNC Financial Services Group will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The PNC Financial Services Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.30% of the stock of The PNC Financial Services Group is held by insiders.
Percentage Held by Institutions
79.48% of the stock of The PNC Financial Services Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for The PNC Financial Services Group are expected to grow by 41.77% in the coming year, from $5.41 to $7.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The PNC Financial Services Group is 8.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 20.32.
Price to Earnings Ratio vs. Sector
The P/E ratio of The PNC Financial Services Group is 8.42, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.95.
Price to Earnings Growth Ratio
The PNC Financial Services Group has a PEG Ratio of 3.17. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The PNC Financial Services Group has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.52 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:PNC

Previous Symbol

CUSIP69347510

CIK713676

Webwww.pnc.com

Phone888-762-2265

Employees49,805

Debt

Debt-to-Equity Ratio0.79

Current Ratio0.89

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio8.42

Forward P/E Ratio26.01

P/E Growth3.17

Sales & Book Value

Annual Sales$21.62 billion

Price / Sales2.76

Cash Flow$19.20 per share

Price / Cash Flow7.33

Book Value$125.50 per share

Price / Book1.12

Profitability

EPS (Most Recent Fiscal Year)$11.39

Net Income$5.37 billion

Net Margins38.16%

Return on Equity5.97%

Return on Assets0.69%

Miscellaneous

Outstanding Shares423,701,000

Market Cap$59.62 billion

Next Earnings Date1/20/2021 (Estimated)

OptionableOptionable

$140.72

+2.65 (+1.92 %)

(As of 12/1/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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The PNC Financial Services Group (NYSE:PNC) Frequently Asked Questions

How has The PNC Financial Services Group's stock been impacted by COVID-19 (Coronavirus)?

The PNC Financial Services Group's stock was trading at $101.94 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PNC stock has increased by 38.0% and is now trading at $140.72.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of The PNC Financial Services Group?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last year. There are currently 1 sell rating, 11 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for The PNC Financial Services Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than The PNC Financial Services Group?

Wall Street analysts have given The PNC Financial Services Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but The PNC Financial Services Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is The PNC Financial Services Group's next earnings date?

The PNC Financial Services Group is scheduled to release its next quarterly earnings announcement on Wednesday, January 20th 2021.
View our earnings forecast for The PNC Financial Services Group.

How were The PNC Financial Services Group's earnings last quarter?

The PNC Financial Services Group, Inc. (NYSE:PNC) announced its quarterly earnings results on Monday, October, 19th. The financial services provider reported $3.39 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $2.12 by $1.27. The financial services provider earned $4.28 billion during the quarter, compared to analysts' expectations of $4.01 billion. The PNC Financial Services Group had a net margin of 38.16% and a return on equity of 5.97%. The company's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS.
View The PNC Financial Services Group's earnings history.

How often does The PNC Financial Services Group pay dividends? What is the dividend yield for The PNC Financial Services Group?

The PNC Financial Services Group declared a quarterly dividend on Friday, October 2nd. Shareholders of record on Friday, October 16th will be given a dividend of $1.15 per share on Thursday, November 5th. This represents a $4.60 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, October 15th.
View The PNC Financial Services Group's dividend history.

What price target have analysts set for PNC?

19 equities research analysts have issued 12-month price targets for The PNC Financial Services Group's stock. Their forecasts range from $108.00 to $181.00. On average, they anticipate The PNC Financial Services Group's stock price to reach $132.53 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts' price targets for The PNC Financial Services Group.

Are investors shorting The PNC Financial Services Group?

The PNC Financial Services Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 5,380,000 shares, an increase of 13.7% from the October 31st total of 4,730,000 shares. Based on an average trading volume of 2,190,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 1.3% of the shares of the stock are short sold.
View The PNC Financial Services Group's Short Interest.

Who are some of The PNC Financial Services Group's key competitors?

Some companies that are related to The PNC Financial Services Group include Truist Financial (TFC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), East West Bancorp (EWBC), Zions Bancorporation, National Association (ZION), Signature Bank (SBNY), Prosperity Bancshares (PB) and First Citizens BancShares (FCNCA).
View all competitors.

What other stocks do shareholders of The PNC Financial Services Group own?

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), The Procter & Gamble (PG), Costco Wholesale (COST) and McDonald's (MCD).

Who are The PNC Financial Services Group's key executives?

The PNC Financial Services Group's management team includes the following people:

Mr. William S. Demchak, Chairman, Pres & CEO (Age 58, Pay $7.05M)
Mr. Robert Q. Reilly, Exec. VP & CFO (Age 55, Pay $2.54M)
Mr. E. William Parsley III, Exec. VP & COO (Age 54, Pay $3.56M)
Mr. Michael Patrick Lyons, Exec. VP and Head of Corp. & Institutional Banking (Age 49, Pay $3.61M)
Ms. Karen L. Larrimer, Exec. VP, Chief Customer Officer & Head of Retail Banking (Age 57, Pay $2.53M)
Mr. Steven C. Van Wyk, Exec. VP and Head of Technology & Innovation (Age 61)
Mr. Gregory Baldwin Jordan Esq., Exec. VP, Gen. Counsel & Chief Admin. Officer (Age 60)
Mr. Bryan K. Gill, EVP, Director of Investor Relations
Ms. Vicki C. Henn, Exec. VP & Chief HR Officer (Age 51)
Mr. Michael J. Hannon, Exec. VP & Chief Credit Officer (Age 63)

What is The PNC Financial Services Group's stock symbol?

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

Who are The PNC Financial Services Group's major shareholders?

The PNC Financial Services Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.31%), State Street Corp (4.38%), Massachusetts Financial Services Co. MA (1.78%), Nuveen Asset Management LLC (0.81%), Morgan Stanley (0.59%) and Federated Hermes Inc. (0.51%). Company insiders that own The PNC Financial Services Group stock include Andrew T Feldstein, Charles E Bunch, E William Parsley III, Gregory B Jordan, Gregory H Kozich, Joseph E Rockey, Karen L Larrimer, Martin Pfinsgraff, Michael J Hannon, Michael P Lyons, Richard J Harshman, Robert Q Reilly, Stacy M Juchno, Vicki C Henn and William S Demchak.
View institutional ownership trends for The PNC Financial Services Group.

Which institutional investors are selling The PNC Financial Services Group stock?

PNC stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, LSV Asset Management, Allianz Asset Management GmbH, BlackRock Inc., Cubist Systematic Strategies LLC, Nuveen Asset Management LLC, AXA S.A., and Wells Fargo & Company MN. Company insiders that have sold The PNC Financial Services Group company stock in the last year include E William Parsley III, Joseph E Rockey, Michael J Hannon, and Robert Q Reilly.
View insider buying and selling activity for The PNC Financial Services Group.

Which institutional investors are buying The PNC Financial Services Group stock?

PNC stock was acquired by a variety of institutional investors in the last quarter, including Prudential PLC, Morgan Stanley, Inverness Counsel LLC NY, Hexavest Inc., Equity Investment Corp, UBS Asset Management Americas Inc., First Trust Advisors LP, and Assenagon Asset Management S.A.. Company insiders that have bought The PNC Financial Services Group stock in the last two years include Andrew T Feldstein, Charles E Bunch, Martin Pfinsgraff, and Richard J Harshman.
View insider buying and selling activity for The PNC Financial Services Group.

How do I buy shares of The PNC Financial Services Group?

Shares of PNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is The PNC Financial Services Group's stock price today?

One share of PNC stock can currently be purchased for approximately $140.72.

How big of a company is The PNC Financial Services Group?

The PNC Financial Services Group has a market capitalization of $59.62 billion and generates $21.62 billion in revenue each year. The financial services provider earns $5.37 billion in net income (profit) each year or $11.39 on an earnings per share basis. The PNC Financial Services Group employs 49,805 workers across the globe.

What is The PNC Financial Services Group's official website?

The official website for The PNC Financial Services Group is www.pnc.com.

How can I contact The PNC Financial Services Group?

The PNC Financial Services Group's mailing address is THE TOWER AT PNC PLAZA 300 FIFTH AVENUE, PITTSBURGH PA, 15222. The financial services provider can be reached via phone at 888-762-2265 or via email at [email protected]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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