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

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target lifted by investment analysts at Truist Financial from $215.00 to $216.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "hold" rating on the financial services provider's stock. Truist Financial's target price would indicate a potential upside of 8.89% from the stock's previous close.

Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods upped their price objective on The PNC Financial Services Group from $180.00 to $182.00 and gave the stock an "underperform" rating in a report on Wednesday, October 16th. Compass Point raised their price target on shares of The PNC Financial Services Group from $175.00 to $233.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Evercore ISI increased their price objective on The PNC Financial Services Group from $212.00 to $225.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Barclays raised their price objective on The PNC Financial Services Group from $229.00 to $257.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price target on The PNC Financial Services Group from $215.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, The PNC Financial Services Group has an average rating of "Hold" and an average target price of $205.00.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $1.82 during midday trading on Friday, hitting $198.36. The company's stock had a trading volume of 4,465,710 shares, compared to its average volume of 1,593,872. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.81 and a current ratio of 0.81. The stock's 50 day simple moving average is $201.40 and its 200 day simple moving average is $187.03. The stock has a market capitalization of $78.71 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.77 and a beta of 1.16. The PNC Financial Services Group has a fifty-two week low of $139.69 and a fifty-two week high of $216.26.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.51. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.51 billion. The PNC Financial Services Group had a return on equity of 10.88% and a net margin of 14.97%. The company's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.16 EPS. As a group, research analysts anticipate that The PNC Financial Services Group will post 13.47 earnings per share for the current year.

Insider Transactions at The PNC Financial Services Group

In other news, Director Andrew T. Feldstein sold 14,509 shares of the business's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $210.09, for a total transaction of $3,048,195.81. Following the sale, the director now owns 38,649 shares in the company, valued at approximately $8,119,768.41. The trade was a 27.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Martin Pfinsgraff sold 859 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $186.12, for a total transaction of $159,877.08. Following the completion of the transaction, the director now owns 915 shares in the company, valued at approximately $170,299.80. This trade represents a 48.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,030 shares of company stock valued at $5,928,202 over the last 90 days. Company insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fifth Third Wealth Advisors LLC grew its holdings in shares of The PNC Financial Services Group by 48.5% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 26,758 shares of the financial services provider's stock valued at $5,160,000 after purchasing an additional 8,735 shares during the period. Concurrent Investment Advisors LLC grew its stake in shares of The PNC Financial Services Group by 45.6% in the third quarter. Concurrent Investment Advisors LLC now owns 6,413 shares of the financial services provider's stock valued at $1,185,000 after buying an additional 2,009 shares in the last quarter. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of The PNC Financial Services Group in the 3rd quarter valued at $12,548,000. Bleakley Financial Group LLC lifted its stake in The PNC Financial Services Group by 9.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 15,758 shares of the financial services provider's stock worth $2,913,000 after acquiring an additional 1,299 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C purchased a new position in The PNC Financial Services Group during the 2nd quarter valued at about $822,000. 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.