The PNC Financial Services Group (NYSE:PNC) Given New $206.00 Price Target at Morgan Stanley

The PNC Financial Services Group (NYSE:PNC) had its target price lifted by Morgan Stanley from $186.00 to $206.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an underweight rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the company. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $185.00 to $212.00 in a research report on Wednesday, July 9th. Truist Financial upped their price objective on The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, September 24th. Oppenheimer lowered their price objective on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 23rd. The Goldman Sachs Group upped their price objective on The PNC Financial Services Group from $178.00 to $196.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen upgraded The PNC Financial Services Group from a “sell” rating to a “hold” rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $216.28.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $201.79 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.99. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26. The business’s 50 day moving average price is $198.48 and its 200 day moving average price is $182.38. The firm has a market cap of $79.47 billion, a P/E ratio of 13.80, a P/E/G ratio of 1.50 and a beta of 1.11.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 EPS for the quarter, topping the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%.The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. The business’s quarterly 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. On average, sell-side analysts expect that The PNC Financial Services Group will post 15.37 earnings per share for the current year.

The PNC Financial Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 5th. Stockholders of record on Tuesday, July 15th were given a dividend of $1.70 per share. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The PNC Financial Services Group’s payout ratio is 46.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PNC. Norges Bank acquired a new position in The PNC Financial Services Group in the 2nd quarter valued at $1,477,836,000. Viking Global Investors LP acquired a new position in The PNC Financial Services Group in the 2nd quarter valued at $442,871,000. Massachusetts Financial Services Co. MA raised its stake in The PNC Financial Services Group by 26.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock valued at $1,670,249,000 after purchasing an additional 1,964,157 shares during the last quarter. AQR Capital Management LLC raised its stake in The PNC Financial Services Group by 134.9% in the 2nd quarter. AQR Capital Management LLC now owns 3,338,964 shares of the financial services provider’s stock valued at $622,450,000 after purchasing an additional 1,917,530 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of The PNC Financial Services Group in the 1st quarter worth $306,905,000. 83.53% of the stock is owned by institutional investors and hedge funds.

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.