The PNC Financial Services Group (PNC) Expected to Announce Earnings on Tuesday

The PNC Financial Services Group (NYSE:PNC - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $3.47 per share and revenue of $5.50 billion for the quarter. The PNC Financial Services Group has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.51. The PNC Financial Services Group had a net margin of 17.10% and a return on equity of 11.12%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.51 billion. During the same quarter in the previous year, the business earned $3.16 EPS. The PNC Financial Services Group's quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect The PNC Financial Services Group to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

The PNC Financial Services Group Stock Down 0.4 %

NYSE PNC traded down $0.59 during trading on Friday, hitting $151.57. 3,850,177 shares of the company traded hands, compared to its average volume of 1,968,566. The PNC Financial Services Group has a 12 month low of $143.52 and a 12 month high of $216.26. The business has a fifty day simple moving average of $178.30 and a 200 day simple moving average of $190.17. The company has a market capitalization of $59.98 billion, a P/E ratio of 11.02, a PEG ratio of 1.55 and a beta of 1.04. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13.

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The PNC Financial Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Wednesday, April 16th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, April 16th. The PNC Financial Services Group's payout ratio is 46.55%.

Analyst Upgrades and Downgrades

PNC has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of The PNC Financial Services Group from $216.00 to $208.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Barclays lifted their target price on The PNC Financial Services Group from $229.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. HSBC raised shares of The PNC Financial Services Group from a "hold" rating to a "buy" rating and lowered their price target for the company from $206.00 to $202.00 in a report on Monday, March 31st. Stephens reissued an "equal weight" rating and issued a $200.00 target price on shares of The PNC Financial Services Group in a report on Friday, January 17th. Finally, Citigroup reduced their target price on shares of The PNC Financial Services Group from $235.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, The PNC Financial Services Group presently has an average rating of "Hold" and an average price target of $203.47.

Insider Activity

In other The PNC Financial Services Group news, CEO William S. Demchak sold 601 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $160.00, for a total transaction of $96,160.00. Following the transaction, the chief executive officer now owns 563,573 shares in the company, valued at approximately $90,171,680. This trade represents a 0.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 12,420 shares of company stock valued at $2,276,870 in the last 90 days. 0.41% of the stock is owned by company insiders.

Institutional Trading of The PNC Financial Services Group

An institutional investor recently raised its position in The PNC Financial Services Group stock. Brighton Jones LLC lifted its position in The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) by 32.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,041 shares of the financial services provider's stock after buying an additional 984 shares during the period. Brighton Jones LLC's holdings in The PNC Financial Services Group were worth $779,000 as of its most recent SEC filing. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

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.