The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $264.00

The PNC Financial Services Group (NYSE:PNC) had its target price hoisted by Truist Financial from $257.00 to $264.00 in a research report released on Thursday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of The PNC Financial Services Group from $238.00 to $264.50 and gave the stock an “overweight” rating in a research note on Monday, July 6th. Morgan Stanley lifted their target price on The PNC Financial Services Group from $267.00 to $278.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Stephens upped their target price on The PNC Financial Services Group from $265.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America increased their price target on The PNC Financial Services Group from $260.00 to $264.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Finally, Robert W. Baird raised their price target on The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group has a consensus rating of “Moderate Buy” and an average price target of $264.97.

The PNC Financial Services Group Stock Down 0.9%

PNC stock opened at $252.88 on Thursday. The firm has a market cap of $101.55 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.02 and a beta of 0.91. The PNC Financial Services Group has a 1-year low of $176.88 and a 1-year high of $256.49. The firm has a fifty day moving average price of $233.18 and a two-hundred day moving average price of $223.46. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.85 and a quick ratio of 0.82.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.39. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The company had revenue of $6.66 billion for the quarter, compared to the consensus estimate of $6.51 billion. During the same period last year, the firm posted $3.85 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. Research analysts predict that The PNC Financial Services Group will post 19.14 EPS for the current year.

The PNC Financial Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Monday, July 20th will be paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from The PNC Financial Services Group’s previous quarterly dividend of $1.70. The PNC Financial Services Group’s dividend payout ratio (DPR) is presently 37.42%.

Insider Buying and Selling at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Stephanie Novosel sold 1,800 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $228.73, for a total value of $411,714.00. Following the completion of the transaction, the executive vice president owned 3,107 shares in the company, valued at approximately $710,664.11. This represents a 36.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Duane Thomas sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $238.14, for a total transaction of $357,210.00. Following the completion of the sale, the executive vice president owned 5,059 shares in the company, valued at $1,204,750.26. The trade was a 22.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,300 shares of company stock valued at $10,694,574 in the last ninety days. Company insiders own 0.38% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

Large investors have recently added to or reduced their stakes in the business. Trust Asset Management LLC raised its stake in The PNC Financial Services Group by 1.0% during the 2nd quarter. Trust Asset Management LLC now owns 4,457 shares of the financial services provider’s stock valued at $1,097,000 after acquiring an additional 43 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of The PNC Financial Services Group in the second quarter worth $213,000. Northside Capital Management LLC grew its stake in shares of The PNC Financial Services Group by 1.9% in the second quarter. Northside Capital Management LLC now owns 41,882 shares of the financial services provider’s stock worth $10,312,000 after purchasing an additional 798 shares in the last quarter. Tema ETFs LLC increased its holdings in shares of The PNC Financial Services Group by 9.3% during the second quarter. Tema ETFs LLC now owns 6,821 shares of the financial services provider’s stock valued at $1,679,000 after purchasing an additional 580 shares during the period. Finally, Canvas Wealth Advisors LLC increased its holdings in shares of The PNC Financial Services Group by 7.6% during the second quarter. Canvas Wealth Advisors LLC now owns 1,432 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 101 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

The PNC Financial Services Group News Roundup

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

• Positive Sentiment: PNC reported strong second-quarter results, topping forecasts on earnings and revenue as capital markets strength helped drive growth. The company also highlighted a record dividend and improving business momentum. PNC Financial tops second-quarter forecasts as capital markets business drives growth
• Positive Sentiment: Management raised its 2026 outlook, forecasting about 12.5% loan growth, net interest income growth of 15% to 15.5%, and a net interest margin above 3% by year-end, which suggests improving fundamentals ahead. PNC forecasts 2026 loan growth of ~12.5% and net interest income up 15%-15.5%
• Positive Sentiment: Multiple analysts lifted price targets on PNC after the earnings release, including Truist, Argus, RBC, Oppenheimer, Wells Fargo, Barclays, Stephens, and Baird, with several firms also maintaining bullish ratings such as outperform and overweight. Analyst price target updates
• Neutral Sentiment: Truist raised its target to $264 but kept a hold rating, implying the stock may be fairly valued after the recent run-up. PNC price target raised to $264 at Truist Financial
• Neutral Sentiment: One recent commentary piece argued that PNC looks “fairly valued,” which may temper enthusiasm even after the earnings beat and analyst upgrades. PNC Financial: Likely Fairly Valued
• Negative Sentiment: PNC also noted that costs are expected to rise alongside revenue, which could pressure margins if expense growth outpaces top-line gains. PNC is latest bank to say costs will rise alongside revenue

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.