Zacks Research Analysts Raise Earnings Estimates for PNC

The PNC Financial Services Group, Inc. (NYSE:PNC - Free Report) - Investment analysts at Zacks Research increased their Q1 2027 earnings estimates for shares of The PNC Financial Services Group in a note issued to investors on Monday, April 7th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $4.43 for the quarter, up from their previous forecast of $4.39. The consensus estimate for The PNC Financial Services Group's current full-year earnings is $15.37 per share. Zacks Research also issued estimates for The PNC Financial Services Group's FY2027 earnings at $18.04 EPS.

PNC has been the topic of a number of other reports. The Goldman Sachs Group reduced their price target on shares of The PNC Financial Services Group from $211.00 to $188.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. HSBC raised The PNC Financial Services Group from a "hold" rating to a "buy" rating and reduced their target price for the stock from $206.00 to $202.00 in a report on Monday, March 31st. Truist Financial dropped their price target on 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. Wells Fargo & Company reduced their price objective on The PNC Financial Services Group from $235.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Finally, Hsbc Global Res upgraded The PNC Financial Services Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, The PNC Financial Services Group has a consensus rating of "Hold" and a consensus target price of $203.47.

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The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock traded down $0.59 on Tuesday, hitting $151.57. 3,850,177 shares of the company traded hands, compared to its average volume of 1,970,491. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50-day simple moving average of $178.30 and a 200 day simple moving average of $190.22. The PNC Financial Services Group has a 52 week low of $143.52 and a 52 week high of $216.26. The stock has a market capitalization of $59.98 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.04.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last issued its earnings results 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 return on equity of 11.12% and a net margin of 17.10%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.51 billion. During the same quarter last year, the company earned $3.16 EPS. The firm's quarterly revenue was up 3.8% on a year-over-year basis.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Wednesday, April 16th will be given 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 dividend payout ratio (DPR) is 46.55%.

Insider Transactions at The PNC Financial Services Group

In related news, CEO William S. Demchak sold 601 shares of The PNC Financial Services Group stock in a transaction that occurred on 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 SEC, which can be accessed through this link. Over the last three months, insiders have sold 12,420 shares of company stock valued at $2,276,870. Corporate insiders own 0.41% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PNC. Norges Bank purchased a new stake in The PNC Financial Services Group in the 4th quarter valued at about $1,352,151,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of The PNC Financial Services Group in the 4th quarter valued at approximately $299,864,000. GAMMA Investing LLC raised its stake in shares of The PNC Financial Services Group by 19,279.5% in the 1st quarter. GAMMA Investing LLC now owns 1,149,008 shares of the financial services provider's stock valued at $201,961,000 after acquiring an additional 1,143,079 shares during the period. Schroder Investment Management Group boosted its position in shares of The PNC Financial Services Group by 166.1% during the 4th quarter. Schroder Investment Management Group now owns 1,378,675 shares of the financial services provider's stock worth $265,436,000 after purchasing an additional 860,554 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of The PNC Financial Services Group by 10.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,538,310 shares of the financial services provider's stock worth $1,453,763,000 after purchasing an additional 726,115 shares during the period. 83.53% of the stock is currently owned by institutional investors and hedge funds.

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.