The PNC Financial Services Group (NYSE:PNC) Stock Price Expected to Rise, Evercore ISI Analyst Says

The PNC Financial Services Group (NYSE:PNC) had its price objective boosted by Evercore ISI from $220.00 to $230.00 in a research note issued to investors on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the financial services provider’s stock.

A number of other equities analysts have also commented on PNC. Stephens restated an “equal weight” rating and issued a $200.00 price target on shares of The PNC Financial Services Group in a research report on Wednesday, September 10th. Raymond James Financial lifted their target price on shares of The PNC Financial Services Group from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, September 19th. Wolfe Research reissued a “peer perform” rating on shares of The PNC Financial Services Group in a report on Thursday, July 3rd. The Goldman Sachs Group raised their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, Bank of America lifted their price objective on The PNC Financial Services Group from $223.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $216.56.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC opened at $198.17 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.80 and a quick ratio of 0.80. The business’s fifty day moving average price is $198.61 and its two-hundred day moving average price is $182.79. The PNC Financial Services Group has a fifty-two week low of $145.12 and a fifty-two week high of $216.26. The stock has a market capitalization of $78.04 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10.

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

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Shareholders of record on Tuesday, October 14th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The PNC Financial Services Group’s payout ratio is 46.51%.

Hedge Funds Weigh In On The PNC Financial Services Group

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in The PNC Financial Services Group during the 2nd quarter worth about $1,477,836,000. Viking Global Investors LP acquired a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $442,871,000. Massachusetts Financial Services Co. MA grew its position in shares of The PNC Financial Services Group by 26.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,502,467 shares of the financial services provider’s stock worth $1,670,249,000 after buying an additional 1,964,157 shares during the period. AQR Capital Management LLC grew its position in shares of The PNC Financial Services Group by 134.9% during the 2nd quarter. AQR Capital Management LLC now owns 3,338,964 shares of the financial services provider’s stock worth $622,450,000 after buying an additional 1,917,530 shares during the period. Finally, Nuveen LLC bought a new stake in shares of The PNC Financial Services Group during the first quarter worth approximately $306,905,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group Company Profile

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.