Wells Fargo & Company Raises The PNC Financial Services Group (NYSE:PNC) Price Target to $240.00

The PNC Financial Services Group (NYSE:PNC) had its price objective increased by equities research analysts at Wells Fargo & Company from $230.00 to $240.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 20.88% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Morgan Stanley upped their target price on The PNC Financial Services Group from $186.00 to $206.00 and gave the company an “underweight” rating in a research note on Monday, September 29th. Raymond James Financial upped their price objective on The PNC Financial Services Group from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Oppenheimer dropped their price objective on The PNC Financial Services Group from $238.00 to $235.00 and set an “outperform” rating for the company in a research report on Tuesday, September 23rd. Wall Street Zen upgraded shares of The PNC Financial Services Group from a “sell” rating to a “hold” rating in a report on Friday, July 18th. Finally, Truist Financial lifted their price target on shares of The PNC Financial Services Group from $201.00 to $210.00 and gave the stock a “hold” rating in a report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.11.

The PNC Financial Services Group Price Performance

Shares of NYSE PNC opened at $198.54 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $198.66 and its 200 day moving average price is $183.03. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $216.26. The stock has a market cap of $78.19 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.46 and a beta of 1.10.

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

Hedge Funds Weigh In On The PNC Financial Services Group

Large investors have recently bought and sold shares of the stock. Saudi Central Bank purchased a new stake in shares of The PNC Financial Services Group during the 1st quarter valued at $27,000. IMG Wealth Management Inc. purchased a new stake in The PNC Financial Services Group during the second quarter valued at about $27,000. Concord Wealth Partners increased its stake 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 worth $32,000 after acquiring an additional 100 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of The PNC Financial Services Group by 50.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 193 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 65 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group in the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

About The PNC Financial Services Group

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.