The PNC Financial Services Group (NYSE:PNC) Given New $245.00 Price Target at Truist Financial

The PNC Financial Services Group (NYSE:PNC) had its price target increased by Truist Financial from $234.00 to $245.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

PNC has been the topic of a number of other reports. TD Cowen upped their target price on shares of The PNC Financial Services Group from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Wells Fargo & Company upped their target price on shares of The PNC Financial Services Group from $252.00 to $264.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their price target on shares of The PNC Financial Services Group from $251.00 to $237.50 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of The PNC Financial Services Group in a research note on Friday, March 27th. Finally, Morgan Stanley dropped their price target on shares of The PNC Financial Services Group from $283.00 to $263.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $241.69.

The PNC Financial Services Group Trading Down 0.9%

Shares of NYSE PNC opened at $220.17 on Thursday. The PNC Financial Services Group has a 1-year low of $148.28 and a 1-year high of $243.94. The company has a market cap of $88.81 billion, a PE ratio of 12.79, a P/E/G ratio of 1.02 and a beta of 0.96. The company has a current ratio of 0.83, a quick ratio of 0.81 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average of $216.08 and a two-hundred day moving average of $206.34.

The PNC Financial Services Group (NYSE:PNC) last released its earnings results on Wednesday, April 15th. The financial services provider reported $4.32 earnings per share for the quarter, topping analysts’ consensus estimates of $3.92 by $0.40. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.21 billion. The PNC Financial Services Group had a return on equity of 12.10% and a net margin of 20.89%.The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.51 earnings per share. As a group, equities analysts expect 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 will be paid on Tuesday, May 5th. Stockholders of record on Tuesday, April 14th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The PNC Financial Services Group’s dividend payout ratio is 39.51%.

Insider Buying and Selling

In other news, EVP Louis Robert Cestello sold 4,279 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $234.01, for a total value of $1,001,328.79. Following the completion of the sale, the executive vice president directly owned 18,867 shares of the company’s stock, valued at $4,415,066.67. This represents a 18.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard Kevin Bynum sold 7,407 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $230.98, for a total value of $1,710,868.86. Following the completion of the sale, the executive vice president directly owned 1,942 shares of the company’s stock, valued at approximately $448,563.16. This trade represents a 79.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 64,186 shares of company stock valued at $14,840,973. Insiders own 0.38% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smith Salley Wealth Management increased its stake in shares of The PNC Financial Services Group by 2.2% in the 1st quarter. Smith Salley Wealth Management now owns 79,656 shares of the financial services provider’s stock valued at $16,576,000 after acquiring an additional 1,697 shares during the last quarter. Evolve Private Wealth LLC increased its holdings in shares of The PNC Financial Services Group by 6.2% in the first quarter. Evolve Private Wealth LLC now owns 11,703 shares of the financial services provider’s stock worth $2,435,000 after acquiring an additional 686 shares in the last quarter. Fortem Financial Group LLC increased its holdings in shares of The PNC Financial Services Group by 3.6% in the first quarter. Fortem Financial Group LLC now owns 4,382 shares of the financial services provider’s stock worth $912,000 after acquiring an additional 153 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of The PNC Financial Services Group in the first quarter worth about $2,309,000. Finally, Park National Corp OH increased its holdings in shares of The PNC Financial Services Group by 147.0% in the first quarter. Park National Corp OH now owns 57,980 shares of the financial services provider’s stock worth $12,065,000 after acquiring an additional 34,506 shares in the last quarter. 83.53% of the stock is owned by institutional investors.

The PNC Financial Services Group News Roundup

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

• Positive Sentiment: Q1 earnings beat — adjusted EPS $4.32 topped consensus and net income rose; net interest income (NII) and loan growth benefited from the FirstBank deal, supporting margins. Read More.
• Positive Sentiment: Multiple analysts raised price targets and issued bullish ratings (Barclays to $277/overweight; Oppenheimer to $268/outperform; BofA to $264/buy), signaling institutional confidence that PNC’s earnings momentum and acquisition-driven NII growth warrant higher valuations. Read More.
• Positive Sentiment: Capital return and guidance tailwinds — PNC disclosed roughly $700M of share repurchases and reiterated/upgraded NII and loan-growth outlooks tied to the FirstBank integration, which underpins medium-term earnings growth. Read More.
• Neutral Sentiment: Several firms raised targets but kept neutral/market‑perform/hold stances (Morgan Stanley to $267/equal weight; Keefe to $253/market perform; Truist to $245/hold) — suggests some analysts see upside but remain cautious on valuation or near-term risks. Read More. Read More.
• Neutral Sentiment: Revenue marginally missed consensus ($6.17B vs. ~$6.21B), so the beat was more EPS/NII-driven than broad top-line strength; investors may weigh quality of earnings. Read More.
• Negative Sentiment: Rising expenses and integration costs — FirstBank-related operating and integration charges (about $98M pre‑tax disclosed) lifted noninterest expense and trimmed some margin benefit in the near term. Read More.
• Negative Sentiment: Noninterest income softness and investor focus on certain credit exposures (private‑credit/receivables securitizations) keep some risk premium in the stock until more integration/cost trends are clear. Read More.

About The PNC Financial Services Group

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.