The PNC Financial Services Group, Inc (NYSE:PNC) Short Interest Down 15.4% in March

The PNC Financial Services Group, Inc (NYSE:PNC) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,816,350 shares, a decrease of 15.4% from the February 26th total of 6,871,334 shares. Based on an average daily volume of 2,862,682 shares, the short-interest ratio is presently 2.0 days. Approximately 1.4% of the company’s shares are sold short.

The PNC Financial Services Group Stock Performance

PNC stock opened at $207.84 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $83.84 billion, a P/E ratio of 12.53, a P/E/G ratio of 0.90 and a beta of 0.98. The firm has a 50 day simple moving average of $218.21 and a 200 day simple moving average of $205.20. The PNC Financial Services Group has a 52 week low of $145.12 and a 52 week high of $243.94.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.88 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.65. The PNC Financial Services Group had a net margin of 20.40% and a return on equity of 11.87%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.90 billion. During the same quarter in the prior year, the business earned $3.77 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Research analysts anticipate that The PNC Financial Services Group will post 15.37 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 5th. Stockholders of record on Tuesday, January 20th were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The PNC Financial Services Group’s dividend payout ratio is 40.99%.

Insider Buying and Selling

In related news, EVP Alexander E. C. Overstrom sold 2,500 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total value of $584,775.00. Following the completion of the transaction, the executive vice president owned 21,120 shares in the company, valued at $4,940,179.20. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard Kevin Bynum sold 7,407 shares of The PNC Financial Services Group stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $230.98, for a total value of $1,710,868.86. Following the completion of the transaction, the executive vice president directly owned 1,942 shares in the company, valued at $448,563.16. This represents a 79.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 64,186 shares of company stock worth $14,840,973. Company insiders own 0.38% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

Institutional investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of The PNC Financial Services Group by 32.2% during the 4th quarter. Brighton Jones LLC now owns 4,041 shares of the financial services provider’s stock valued at $779,000 after buying an additional 984 shares during the last quarter. Empowered Funds LLC increased its holdings in The PNC Financial Services Group by 2.1% in the first quarter. Empowered Funds LLC now owns 8,261 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 170 shares during the last quarter. Sivia Capital Partners LLC raised its position in The PNC Financial Services Group by 50.3% during the second quarter. Sivia Capital Partners LLC now owns 4,331 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 1,449 shares in the last quarter. Inceptionr LLC bought a new position in The PNC Financial Services Group during the second quarter valued at approximately $209,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in The PNC Financial Services Group in the second quarter valued at approximately $178,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

Trending Headlines about The PNC Financial Services Group

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

• Positive Sentiment: Analysts and commentary highlight that PNC’s liquidity and disciplined payout policy support continued dividends and share repurchases, reinforcing confidence in capital returns that investors reward. Read More.
• Positive Sentiment: Zacks upgraded PNC to a Rank #2 (Buy), signaling growing optimism about near‑term earnings prospects; that upgrade can attract demand from momentum and quantitatively driven funds. Read More.
• Neutral Sentiment: PNC announced philanthropic/education initiatives (PNC Grow Up Great) including a $6.2M grant to Sesame Workshop and partnerships with DonorsChoose — positive for reputation and community engagement but unlikely to move fundamentals quickly. Read More.
• Negative Sentiment: Morgan Stanley trimmed its PNC price target from $283 to $263 and kept an “equal weight” view — a reduction in street upside that can pressure sentiment among target‑sensitive investors. Read More.
• Negative Sentiment: Truist’s John McDonald lowered his PNC target to $234 (from $240) and cited macro/structural headwinds; another incremental analyst cut that may dampen near‑term enthusiasm. Read More.
• Negative Sentiment: Oppenheimer reduced its PNC price target to $263 — adds to the cluster of downward target revisions investors are parsing. Read More.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PNC shares. Barclays boosted their price target on shares of The PNC Financial Services Group from $235.00 to $271.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Truist Financial lifted their price objective on shares of The PNC Financial Services Group from $210.00 to $229.00 and gave the stock a “hold” rating in a research report on Thursday, December 18th. Royal Bank Of Canada boosted their target price on shares of The PNC Financial Services Group from $222.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. TD Cowen increased their target price on The PNC Financial Services Group from $250.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Jefferies Financial Group began coverage on The PNC Financial Services Group in a research report on Thursday, March 26th. They issued a “buy” rating and a $250.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, The PNC Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.28.

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.