Zacks Research Issues Pessimistic Outlook for PNC Earnings

The PNC Financial Services Group, Inc. (NYSE:PNC) – Research analysts at Zacks Research lowered their Q1 2027 EPS estimates for The PNC Financial Services Group in a report released on Tuesday, May 6th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.17 for the quarter, down from their previous forecast of $4.43. The consensus estimate for The PNC Financial Services Group’s current full-year earnings is $15.37 per share. Zacks Research also issued estimates for The PNC Financial Services Group’s FY2027 earnings at $16.75 EPS.

The PNC Financial Services Group (NYSE:PNC) last announced its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.04. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.50 billion. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%.

PNC has been the subject of several other research reports. Wells Fargo & Company decreased their target price on The PNC Financial Services Group from $235.00 to $230.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Barclays lowered their target price on shares of The PNC Financial Services Group from $257.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Truist Financial reduced their price target on shares of The PNC Financial Services Group from $208.00 to $189.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. Citigroup dropped their price objective on The PNC Financial Services Group from $235.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Morgan Stanley reduced their target price on The PNC Financial Services Group from $179.00 to $178.00 and set an “underweight” rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $200.88.

The PNC Financial Services Group Stock Down 0.2 %

Shares of NYSE PNC opened at $166.44 on Friday. The business has a 50-day moving average of $164.74 and a two-hundred day moving average of $186.58. The company has a market capitalization of $65.84 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 1.55 and a beta of 1.06. The PNC Financial Services Group has a 1 year low of $145.12 and a 1 year high of $216.26. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.81 and a quick ratio of 0.81.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 5th. Investors of record on Wednesday, April 16th were given a $1.60 dividend. The ex-dividend date of this dividend was Wednesday, April 16th. This represents a $6.40 dividend on an annualized basis and a yield of 3.85%. The PNC Financial Services Group’s payout ratio is currently 45.20%.

Insider Buying and Selling at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 601 shares of The PNC Financial Services Group stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $160.00, for a total value of $96,160.00. Following the sale, the chief executive officer now directly owns 563,573 shares in the company, valued at $90,171,680. The trade was a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin Pfinsgraff acquired 1,000 shares of the business’s stock in a transaction on Friday, April 25th. The stock was acquired at an average price of $158.22 per share, with a total value of $158,220.00. Following the transaction, the director now directly owns 2,009 shares of the company’s stock, valued at $317,863.98. This represents a 99.11 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 13,662 shares of company stock valued at $2,322,006. 0.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Winch Advisory Services LLC acquired a new stake in shares of The PNC Financial Services Group in the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. grew its holdings in The PNC Financial Services Group by 2,333.3% in the fourth quarter. Richardson Financial Services Inc. now owns 146 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Albion Financial Group UT purchased a new position in shares of The PNC Financial Services Group in the fourth quarter valued at $30,000. Rialto Wealth Management LLC acquired a new position in shares of The PNC Financial Services Group during the 4th quarter worth $32,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of The PNC Financial Services Group in the 4th quarter worth about $32,000. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.