Q3 2025 EPS Estimates for The PNC Financial Services Group, Inc. (NYSE:PNC) Cut by Analyst (2024)

Posted by MarketBeat News on Jun 18th, 2024

The PNC Financial Services Group, Inc. (NYSE:PNC – Free Report) – Research analysts at Zacks Research reduced their Q3 2025 EPS estimates for The PNC Financial Services Group in a research note issued to investors on Thursday, June 13th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $3.72 per share for the quarter, down from their previous estimate of $3.74. The consensus estimate for The PNC Financial Services Group’s current full-year earnings is $12.63 per share. Zacks Research also issued estimates for The PNC Financial Services Group’s Q1 2026 earnings at $4.10 EPS and FY2026 earnings at $16.27 EPS.

Several other brokerages also recently weighed in on PNC. Wells Fargo & Company upped their target price on shares of The PNC Financial Services Group from $185.00 to $194.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. The Goldman Sachs Group increased their price objective on shares of The PNC Financial Services Group from $151.00 to $168.00 and gave the company a “neutral” rating in a research note on Monday, April 1st. Bank of America increased their price objective on shares of The PNC Financial Services Group from $165.00 to $168.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Jefferies Financial Group reduced their price objective on shares of The PNC Financial Services Group from $171.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, Evercore ISI reduced their price objective on shares of The PNC Financial Services Group from $184.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.83.

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The PNC Financial Services Group Price Performance

Shares of PNC stock opened at $152.78 on Monday. The company has a market capitalization of $60.79 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 2.91 and a beta of 1.16. The firm has a fifty day simple moving average of $154.85 and a 200-day simple moving average of $152.15. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.42. The PNC Financial Services Group has a twelve month low of $109.40 and a twelve month high of $162.24.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $3.10 earnings per share for the quarter, beating the consensus estimate of $3.09 by $0.01. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a return on equity of 11.64%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.98 earnings per share.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently modified their holdings of PNC. DekaBank Deutsche Girozentrale increased its holdings in shares of The PNC Financial Services Group by 16.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 102,842 shares of the financial services provider’s stock worth $12,521,000 after acquiring an additional 14,548 shares during the period. QRG Capital Management Inc. bought a new position in The PNC Financial Services Group in the 3rd quarter valued at about $4,110,000. Envestnet Portfolio Solutions Inc. bought a new position in The PNC Financial Services Group in the 3rd quarter valued at about $4,832,000. Envestnet Asset Management Inc. grew its position in The PNC Financial Services Group by 44.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,541,886 shares of the financial services provider’s stock valued at $189,297,000 after buying an additional 477,367 shares in the last quarter. Finally, Balentine LLC grew its position in The PNC Financial Services Group by 10.7% in the 3rd quarter. Balentine LLC now owns 3,500 shares of the financial services provider’s stock valued at $430,000 after buying an additional 339 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

Insiders Place Their Bets

In other The PNC Financial Services Group news, EVP Richard Kevin Bynum sold 850 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $155.87, for a total transaction of $132,489.50. Following the sale, the executive vice president now directly owns 3,502 shares of the company’s stock, valued at $545,856.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

The PNC Financial Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, May 5th. Shareholders of record on Monday, April 15th were issued a dividend of $1.55 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.06%. The PNC Financial Services Group’s dividend payout ratio (DPR) is 52.06%.

About The PNC Financial Services Group

(Get Free Report)

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.