The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $268.00 at Oppenheimer

The PNC Financial Services Group (NYSE:PNC) had its target price boosted by Oppenheimer from $263.00 to $268.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the stock. Jefferies Financial Group started coverage on shares of 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. Bank of America increased their target price on shares of The PNC Financial Services Group from $260.00 to $264.00 and gave the company a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of The PNC Financial Services Group from $247.00 to $253.00 and gave the company a “market perform” rating in a research report on Thursday. Wells Fargo & Company increased 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. Finally, Morgan Stanley increased their target price on shares of The PNC Financial Services Group from $263.00 to $267.00 and gave the company an “equal weight” rating in a research report on Thursday. One investment 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.69.

The PNC Financial Services Group Price Performance

NYSE PNC opened at $220.17 on Thursday. The PNC Financial Services Group has a 52 week low of $148.28 and a 52 week high of $243.94. 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 stock has a market cap of $88.81 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 1.02 and a beta of 0.96. The company has a 50-day moving average price of $216.08 and a two-hundred day moving average price of $206.34.

The PNC Financial Services Group (NYSE:PNC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $4.32 EPS for the quarter, topping the consensus estimate of $3.92 by $0.40. The PNC Financial Services Group had a net margin of 20.89% and a return on equity of 12.10%. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same quarter in the prior year, the firm earned $3.51 EPS. The PNC Financial Services Group’s quarterly revenue was up 13.1% on a year-over-year basis. Analysts forecast that The PNC Financial Services Group will post 15.37 EPS for the current year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 5th. Investors of record on Tuesday, April 14th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Tuesday, April 14th. This represents a $6.80 annualized dividend and a yield of 3.1%. The PNC Financial Services Group’s dividend payout ratio (DPR) is currently 39.51%.

Insider Buying and Selling

In related news, EVP Alexander E. C. Overstrom sold 2,500 shares of The PNC Financial Services Group 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 transaction, the executive vice president directly owned 21,120 shares in the company, valued at $4,940,179.20. The trade was a 10.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Louis Robert Cestello sold 4,279 shares of The PNC Financial Services Group stock in a transaction on 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 transaction, the executive vice president owned 18,867 shares in the company, valued at $4,415,066.67. The trade was a 18.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 64,186 shares of company stock valued at $14,840,973. 0.38% of the stock is owned by insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

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

The PNC Financial Services Group News Summary

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.