Royal Bank Of Canada Reiterates “Outperform” Rating for The PNC Financial Services Group (NYSE:PNC)
by Renee Jackson · The Cerbat GemThe PNC Financial Services Group (NYSE:PNC – Get Free Report)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $235.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 4.47% from the company’s current price.
A number of other brokerages have also commented on PNC. Weiss Ratings reiterated a “buy (b-)” rating on shares of The PNC Financial Services Group in a report on Friday, March 27th. TD Cowen upped their price target on The PNC Financial Services Group from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Keefe, Bruyette & Woods upped their price target on The PNC Financial Services Group from $247.00 to $253.00 and gave the stock a “market perform” rating in a report on Thursday. Morgan Stanley upped their price target on The PNC Financial Services Group from $263.00 to $267.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Jefferies Financial Group began coverage on The PNC Financial Services Group in a report on Thursday, March 26th. They set a “buy” rating and a $250.00 price target for the company. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.69.
Get Our Latest Analysis on PNC
The PNC Financial Services Group Stock Up 2.2%
NYSE:PNC traded up $4.88 on Wednesday, hitting $224.95. 857,836 shares of the company’s stock traded hands, compared to its average volume of 2,725,718. 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 PNC Financial Services Group has a 1 year low of $148.28 and a 1 year high of $243.94. The firm has a 50-day moving average price of $216.08 and a 200-day moving average price of $206.34. The company has a market cap of $90.74 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.96.
The PNC Financial Services Group (NYSE:PNC – Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.32 EPS for the quarter, beating the consensus estimate of $3.92 by $0.40. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.51 EPS. Equities analysts anticipate that The PNC Financial Services Group will post 15.37 EPS for the current fiscal year.
Insider Buying and Selling
In other news, EVP Alexander E. C. Overstrom sold 2,500 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $233.91, for a total transaction of $584,775.00. Following the sale, the executive vice president owned 21,120 shares in the company, valued at approximately $4,940,179.20. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Kevin Bynum sold 7,407 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $230.98, for a total value of $1,710,868.86. Following the sale, the executive vice president owned 1,942 shares in the company, valued at $448,563.16. The trade was a 79.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 64,186 shares of company stock valued at $14,840,973. 0.38% of the stock is currently owned by insiders.
Hedge Funds Weigh In On The PNC Financial Services Group
Several hedge funds have recently added to or reduced their stakes in the company. Monetary Solutions Ltd acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $25,000. Quarry LP acquired a new stake in shares of The PNC Financial Services Group during the third quarter worth about $25,000. Modus Advisors LLC acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $32,000. Finally, EFG International AG acquired a new stake in shares of The PNC Financial Services Group during the fourth quarter worth about $33,000. Institutional investors own 83.53% of the company’s stock.
More The PNC Financial Services Group News
Here are the key news stories impacting The PNC Financial Services Group this week:
- Positive Sentiment: Q1 earnings beat and stronger NII — PNC reported above‑consensus EPS and cited higher net interest income and loan growth driven by the FirstBank deal; management raised NII and loan growth outlooks, which supports forward earnings. PNC Q1 Deep Dive
- Positive Sentiment: Multiple broker price‑target raises — Several firms boosted PTs (Barclays, Oppenheimer, Bank of America, Keefe, Truist and others), signaling renewed analyst conviction and adding buying pressure. Analysts Boost Forecasts
- Positive Sentiment: Notable high PTs from major banks — Examples include Barclays (overweight to $277), Oppenheimer ($268), and BofA ($264), which imply double‑digit upside versus prior trade and lift momentum. Benzinga coverage
- Neutral Sentiment: Broker reaffirmations and forecasts — RBC reaffirmed its outperform rating with a $235 target (small upside vs. current price); Bank of America and Keefe, Bruyette & Woods published positive forecasts as well. RBC Reaffirmation BofA Forecast KBW Forecast
- Neutral Sentiment: Management commentary and visibility — PNC’s market strategist Yung‑Yu Ma discussed equities and strategy on Closing Bell, providing additional color for investors. YouTube Interview
- Negative Sentiment: Rising expenses from integration — PNC flagged higher costs tied to integrating FirstBank, which pressures near‑term margins even as revenue and loans grow. Integration Costs
- Negative Sentiment: Asset‑quality and noninterest income watch items — Investors are tracking private‑credit exposure (~$7B disclosed) and some weakness in noninterest income; these remain potential downside catalysts if macro stress rises. Private Lender Exposure
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.