Raymond James Financial Raises The PNC Financial Services Group (NYSE:PNC) Price Target to $225.00

The PNC Financial Services Group (NYSE:PNC) had its price objective increased by research analysts at Raymond James Financial from $220.00 to $225.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Raymond James Financial’s price target indicates a potential upside of 9.47% from the company’s current price.

A number of other research firms also recently commented on PNC. Wall Street Zen upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research note on Friday, July 18th. Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Keefe, Bruyette & Woods raised shares of The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $185.00 to $212.00 in a report on Wednesday, July 9th. Oppenheimer raised shares of The PNC Financial Services Group from a “market perform” rating to an “outperform” rating and set a $238.00 target price on the stock in a report on Wednesday, July 30th. Finally, Stephens reissued an “equal weight” rating and set a $200.00 target price on shares of The PNC Financial Services Group in a report on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $213.94.

The PNC Financial Services Group Trading Down 0.4%

NYSE PNC opened at $205.53 on Friday. The PNC Financial Services Group has a 12 month low of $145.12 and a 12 month high of $216.26. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $80.94 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11. The company’s fifty day moving average price is $197.54 and its two-hundred day moving average price is $181.09.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.29. The PNC Financial Services Group had a net margin of 18.33% and a return on equity of 11.07%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $5.61 billion. During the same period in the prior year, the firm posted $3.39 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. The PNC Financial Services Group has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts predict that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

Institutional Trading of The PNC Financial Services Group

Hedge funds have recently made changes to their positions in the stock. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group in the first quarter worth approximately $27,000. IMG Wealth Management Inc. bought a new position in The PNC Financial Services Group during the second quarter valued at approximately $27,000. Concord Wealth Partners raised its position in The PNC Financial Services Group by 144.9% during the second quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Cornerstone Planning Group LLC raised its position in The PNC Financial Services Group by 50.8% during the first quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 65 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in The PNC Financial Services Group during the first quarter valued at approximately $35,000. 83.53% of the stock is owned by hedge funds and other institutional investors.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time 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.