Royal Bank Of Canada Boosts The PNC Financial Services Group (NYSE:PNC) Price Target to $273.00

The PNC Financial Services Group (NYSE:PNC) had its price objective upped by equities researchers at Royal Bank Of Canada from $235.00 to $273.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 6.84% from the stock’s current price.

Several other research firms have also weighed in on PNC. Jefferies Financial Group assumed coverage on The PNC Financial Services Group in a report on Thursday, March 26th. They set a “buy” rating and a $250.00 target price on the stock. Stephens increased their price objective on The PNC Financial Services Group from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company raised their price objective on The PNC Financial Services Group from $270.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group upped their target price on The PNC Financial Services Group from $263.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Finally, Truist Financial increased their price target on The PNC Financial Services Group from $245.00 to $257.00 and gave the company a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.75.

The PNC Financial Services Group Stock Up 0.5%

Shares of PNC stock traded up $1.38 during trading on Thursday, hitting $255.53. 404,223 shares of the company were exchanged, compared to its average volume of 2,424,998. The business’s 50-day simple moving average is $231.73 and its 200 day simple moving average is $222.96. The PNC Financial Services Group has a twelve month low of $176.88 and a twelve month high of $256.26. The firm has a market capitalization of $102.61 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 1.03 and a beta of 0.91. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.82 and a current ratio of 0.83.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $4.85 EPS for the quarter, beating the consensus estimate of $4.46 by $0.39. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The business had revenue of $6.66 billion for the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the previous year, the company posted $3.85 EPS. The PNC Financial Services Group’s revenue was up 21.4% on a year-over-year basis. As a group, analysts forecast that The PNC Financial Services Group will post 18.83 EPS for the current fiscal year.

Insider Transactions at The PNC Financial Services Group

In other news, EVP Michael Duane Thomas sold 1,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $238.14, for a total transaction of $357,210.00. Following the completion of the transaction, the executive vice president directly owned 5,059 shares in the company, valued at $1,204,750.26. This trade represents a 22.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew T. Feldstein sold 45,000 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $220.57, for a total value of $9,925,650.00. Following the completion of the transaction, the director directly owned 10,749 shares of the company’s stock, valued at approximately $2,370,906.93. This represents a 80.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,300 shares of company stock valued at $10,694,574. Insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

Large investors have recently bought and sold shares of the business. Truist Financial Corp lifted its holdings in shares of The PNC Financial Services Group by 3.3% during the 4th quarter. Truist Financial Corp now owns 1,242,483 shares of the financial services provider’s stock valued at $259,344,000 after buying an additional 39,589 shares during the period. Vanguard Group Inc. increased its position in The PNC Financial Services Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 38,873,991 shares of the financial services provider’s stock valued at $8,114,168,000 after acquiring an additional 408,464 shares during the last quarter. Teamwork Financial Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $13,711,000. Stoneridge Investment Partners LLC lifted its stake in shares of The PNC Financial Services Group by 59.1% in the 4th quarter. Stoneridge Investment Partners LLC now owns 23,727 shares of the financial services provider’s stock worth $4,953,000 after purchasing an additional 8,818 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in shares of The PNC Financial Services Group by 19.8% in the third quarter. Swiss Life Asset Management Ltd now owns 69,427 shares of the financial services provider’s stock worth $13,950,000 after buying an additional 11,476 shares during the last quarter. 83.53% of the stock is currently owned by institutional investors.

The PNC Financial Services Group News Summary

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: PNC beat second-quarter expectations with EPS of $4.85 and revenue of $6.66 billion, helped by record revenue, stronger net interest income, and higher fee income from capital markets activity.
• Positive Sentiment: The company also raised its quarterly dividend 18% to $2.00 per share, signaling confidence in earnings and capital strength.
• Positive Sentiment: Management guided to 2026 revenue of about $26.1 billion, above consensus, and forecast loan growth of roughly 12.5%, net interest income growth of 15%-15.5%, and a year-end net interest margin above 3%.
• Positive Sentiment: Robert W. Baird increased its price target on PNC to $280 from $250 and reiterated an outperform rating, suggesting further upside from current levels.
• Neutral Sentiment: PNC said expenses will rise alongside revenue, reflecting integration costs and heavier business activity, which may temper margin expansion. PNC is latest bank to say costs will rise alongside revenue
• Neutral Sentiment: Some investors may be watching the stock’s post-earnings pullback after the report, even as the fundamental results were strong.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.