The PNC Financial Services Group (NYSE:PNC) Stock Price Expected to Rise, Barclays Analyst Says

The PNC Financial Services Group (NYSE:PNC) had its price objective increased by investment analysts at Barclays from $277.00 to $284.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target indicates a potential upside of 11.68% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Oppenheimer lifted their price objective on The PNC Financial Services Group from $268.00 to $271.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. UBS Group lifted their price target on shares of The PNC Financial Services Group from $263.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Truist Financial upped their price target on shares of 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. Morgan Stanley raised their price objective on shares of The PNC Financial Services Group from $267.00 to $278.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Finally, Stephens boosted their target price on shares of The PNC Financial Services Group from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and an average target price of $260.25.

The PNC Financial Services Group Price Performance

PNC opened at $254.30 on Thursday. The PNC Financial Services Group has a twelve month low of $176.88 and a twelve month high of $256.22. The firm has a market cap of $102.12 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 1.03 and a beta of 0.91. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.05. The company has a fifty day simple moving average of $231.73 and a 200 day simple moving average of $222.96.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $6.66 billion during the quarter, compared to analysts’ expectations of $6.51 billion. During the same period in the prior year, the company posted $3.85 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. Equities research analysts expect that The PNC Financial Services Group will post 18.83 EPS for the current fiscal year.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Michael Duane Thomas sold 1,500 shares of The PNC Financial Services Group stock in a transaction on Friday, June 12th. The shares were sold at an average price of $238.14, for a total value of $357,210.00. Following the completion of the transaction, the executive vice president owned 5,059 shares of the company’s stock, valued at $1,204,750.26. The trade was a 22.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Stephanie Novosel sold 1,800 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $228.73, for a total transaction of $411,714.00. Following the sale, the executive vice president owned 3,107 shares of the company’s stock, valued at approximately $710,664.11. The trade was a 36.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 48,300 shares of company stock valued at $10,694,574. Corporate insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of The PNC Financial Services Group during the 4th quarter valued at about $1,967,080,000. Viking Global Investors LP lifted its holdings in The PNC Financial Services Group by 234.9% in the third quarter. Viking Global Investors LP now owns 7,956,766 shares of the financial services provider’s stock worth $1,598,753,000 after acquiring an additional 5,581,102 shares during the last quarter. Corient Private Wealth LLC boosted its stake in The PNC Financial Services Group by 961.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,630,300 shares of the financial services provider’s stock valued at $549,023,000 after acquiring an additional 2,382,552 shares during the period. Deutsche Bank AG boosted its stake in The PNC Financial Services Group by 108.2% in the fourth quarter. Deutsche Bank AG now owns 3,836,936 shares of the financial services provider’s stock valued at $800,884,000 after acquiring an additional 1,994,431 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of The PNC Financial Services Group by 50.1% during the third quarter. Wellington Management Group LLP now owns 3,485,320 shares of the financial services provider’s stock valued at $700,305,000 after purchasing an additional 1,162,964 shares during the last quarter. 83.53% of the stock is owned by institutional investors and hedge funds.

More The PNC Financial Services Group News

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.